Efficiency of the State Corporations in Depressive Regions Development

The transition to a market economy entailed the emergence of depressed regions, the development indicators of which lag significantly behind similar indicators in other regions of the country. Such regions are not able to generate the financial flows necessary for economic development. For the most...

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Autores principales:	Yuri Mikhailovich Tsygalov, Tatiyana Vitalievna Butova, Igor Igorevich Ordinartsev
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2018
Materias:	state corporations depressed region social situation socio-economic indicators tourism and recreation development strategies resorts of the north caucasus Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/433ef9a5d9fb4439a8b8d9862f5cbd56
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id	oai:doaj.org-article:433ef9a5d9fb4439a8b8d9862f5cbd56
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spelling	oai:doaj.org-article:433ef9a5d9fb4439a8b8d9862f5cbd562021-11-12T10:46:05ZEfficiency of the State Corporations in Depressive Regions Development1726-11391816-859010.22394/1726-1139-2017-10-46-58https://doaj.org/article/433ef9a5d9fb4439a8b8d9862f5cbd562018-04-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/673https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590The transition to a market economy entailed the emergence of depressed regions, the development indicators of which lag significantly behind similar indicators in other regions of the country. Such regions are not able to generate the financial flows necessary for economic development. For the most part, such regions are not attractive for private business. A number of such regions is occupied by the North Caucasus Federal District. Subsidies of the federal budget reach 60% of local budgets in the region, which is 1.5 times higher than in other regions of the country. At the same time, the federal budget funds are primarily directed to support the social sphere but much less to develop the real sector of the economy. The share of the agrarian sector in the region’s economy reaches 22% while the average for Russia is 5%. The share of processing industries does not exceed 15%, while the average for the country is 19%. The region is characterized by extremely high unemployment, the level of which varies from 8% to 55% for the subjects of the federation included in the North Caucasus Federal District while the average for the country is 7%. The state is making certain efforts to raise the regional economy. Several programs for the development of the region and individual constituent entities have been developed. The disadvantage of all known programs is the poor financing of projects: 70-75% of the required funds should be provided by local budgets. World practice shows that for the development of depressed regions state corporations are effective, which are created to solve a specific problem and are endowed with broad powers and preferences, are provided with state funding. The paper proposes the framework conditions for the establishment of the Russian state corporation for the development of the NCFD and shows the potential effectiveness of the creation of such corporation.Yuri Mikhailovich TsygalovTatiyana Vitalievna ButovaIgor Igorevich OrdinartsevNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlestate corporationsdepressed regionsocial situationsocio-economic indicatorstourism and recreationdevelopment strategiesresorts of the north caucasusPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 10, Pp 46-58 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	state corporations depressed region social situation socio-economic indicators tourism and recreation development strategies resorts of the north caucasus Political institutions and public administration (General) JF20-2112
spellingShingle	state corporations depressed region social situation socio-economic indicators tourism and recreation development strategies resorts of the north caucasus Political institutions and public administration (General) JF20-2112 Yuri Mikhailovich Tsygalov Tatiyana Vitalievna Butova Igor Igorevich Ordinartsev Efficiency of the State Corporations in Depressive Regions Development
description	The transition to a market economy entailed the emergence of depressed regions, the development indicators of which lag significantly behind similar indicators in other regions of the country. Such regions are not able to generate the financial flows necessary for economic development. For the most part, such regions are not attractive for private business. A number of such regions is occupied by the North Caucasus Federal District. Subsidies of the federal budget reach 60% of local budgets in the region, which is 1.5 times higher than in other regions of the country. At the same time, the federal budget funds are primarily directed to support the social sphere but much less to develop the real sector of the economy. The share of the agrarian sector in the region’s economy reaches 22% while the average for Russia is 5%. The share of processing industries does not exceed 15%, while the average for the country is 19%. The region is characterized by extremely high unemployment, the level of which varies from 8% to 55% for the subjects of the federation included in the North Caucasus Federal District while the average for the country is 7%. The state is making certain efforts to raise the regional economy. Several programs for the development of the region and individual constituent entities have been developed. The disadvantage of all known programs is the poor financing of projects: 70-75% of the required funds should be provided by local budgets. World practice shows that for the development of depressed regions state corporations are effective, which are created to solve a specific problem and are endowed with broad powers and preferences, are provided with state funding. The paper proposes the framework conditions for the establishment of the Russian state corporation for the development of the NCFD and shows the potential effectiveness of the creation of such corporation.
format	article
author	Yuri Mikhailovich Tsygalov Tatiyana Vitalievna Butova Igor Igorevich Ordinartsev
author_facet	Yuri Mikhailovich Tsygalov Tatiyana Vitalievna Butova Igor Igorevich Ordinartsev
author_sort	Yuri Mikhailovich Tsygalov
title	Efficiency of the State Corporations in Depressive Regions Development
title_short	Efficiency of the State Corporations in Depressive Regions Development
title_full	Efficiency of the State Corporations in Depressive Regions Development
title_fullStr	Efficiency of the State Corporations in Depressive Regions Development
title_full_unstemmed	Efficiency of the State Corporations in Depressive Regions Development
title_sort	efficiency of the state corporations in depressive regions development
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2018
url	https://doaj.org/article/433ef9a5d9fb4439a8b8d9862f5cbd56
work_keys_str_mv	AT yurimikhailovichtsygalov efficiencyofthestatecorporationsindepressiveregionsdevelopment AT tatiyanavitalievnabutova efficiencyofthestatecorporationsindepressiveregionsdevelopment AT igorigorevichordinartsev efficiencyofthestatecorporationsindepressiveregionsdevelopment
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Efficiency of the State Corporations in Depressive Regions Development

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