Email this article THE ASSESSMENT OF THE GROWTH POTENTIAL OF THE PROBLEM REGIONS OF NORTH CAUCASIAN FEDERAL DISTRICT
- Authors: Magomadov Y.D.1
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Affiliations:
- North-Caucasian Institute of the Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk
- Issue: No 4 (2014)
- Pages: 161-167
- Section: Гуманитарные науки
- URL: https://vektornaukitech.ru/jour/article/view/598
- ID: 598
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Abstract
The author carried out the assessment of the growth potential of the problem regions of North Caucasian Federal District on the basis of proprietary methodology, involving the study of the key subsystems status: the potential of economic resources availability, the potential of the production spatial distribution, the potential of involvement into spacial economic relations, the internal market potential, and fiscal potential. The integral index was received by calculating the average of the standard base indicators with the correction intervals of their regional variation. On completion, the integral indicators of the growth potential in the regions of North Caucasian Federal District for the years 2000, 2005, 2010 and 2012 were generated and compared.
The author found out that the least-developed potentials were the potential of the production spatial distribution, due to the low urbanization level, and the potential of involvement into spacial economic relations, because of the weak intensity of trade and low investment attractiveness. The existing problems are mainly caused by the high level of the shadow economy development.
The regions are classified into three groups: self-developing regions, depressive regions and the regions with strong budget support. The increase in the growth potential of the analyzed period was demonstrated mainly by the regions of the first group: Stavropol Territory, the Republic of Dagestan, and the Karachayevo-Cherkessian Republic. The social and economic development trends of depressive regions – the Republic of North Ossetia-Alania and the Kabardino-Balkarian Republic – cause anxiety. The budget support of the Chechen Republic caused the formation of regional conditions for rapid economic growth.
The author formulated the priorities of social and economic policy towards the regions of each group. Special attention should be paid to promotion of regional self-development on the basis of existing competitive advantages.
About the authors
Yusup Dzhunidovich Magomadov
North-Caucasian Institute of the Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk
Author for correspondence.
Email: usupm@yandex.ru
applicant for a degree at the Department «Economics and Management»
Russian FederationReferences
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