RAS Social ScienceSotsialogicheski issledovania

  • ISSN (Print) 0132-1625
  • ISSN (Online)3034-6010

INDUSTRIAL POTENTIAL OF RUSSIAN REGIONS: ESTIMATION AND GROWTH RESERVES

PII
S0132-16250000392-7-
DOI
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume 393 / Issue 1
Pages
106-116
Abstract
The relevant economic and mathematical model was developed on the basis of a new approach to understandingthe essence of the technical (industrial) potential of the country’s regions. It is based not only on the traditional Cobb-Douglasproduction factors (labor and capital) but also includes indicators describing the innovative quality of RF’s regions economy andreflecting the standard of living of the working population of Russian Federation regions, as well as the cost of technologicalinnovation and wages of employees of organizations. Empirically, it was found that these factors have the most significantinfluence on the formation of GRP of the country’s regions. The model allows to efficiently manage technical developmentof Russia based on an objective assessment of the situation and forecasting (planning) of its development in the future. If thepessimistic scenario will come to life (GRP reduction in the RF subjects, or a significant slowdown in the rate of its growth), than,given the strength of the impact of various shop-floor factor, it is possible to propose a quick economically reasoned managementsolutions.
Keywords
industrialization, industrial potential, production function, gross regional product, workforce, innovation economy, standard of living
Date of publication
01.01.2017
Number of purchasers
4
Views
479

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At the Ministry of Education and Science of the Russian Federation

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