THE ROLE OF DEVELOPMENT INSTITUTIONS IN ENHANCING REGIONAL COMPETITIVENESS

Elena G Patrusheva; Anna V Rajhlina

doi:10.52957/27821927_2021_3_70

Authors

Elena G Patrusheva Yaroslavl State University named after P.G. Demidov https://orcid.org/0000-0003-2454-8671
Anna V Rajhlina Financial University under the Government of the Russian Federation https://orcid.org/0000-0003-0057-0671

DOI:

https://doi.org/10.52957/27821927_2021_3_70

Keywords:

regional development institutions, competitive advantages of regions, investment attraction, conditions of development institutions' activity

Abstract

At the turn of 2000-2010, in all Russian regions, a large number of regional development institutions (RDIs) were created. These are specialized organizations that are supposed to contribute to the competitiveness and investment attractiveness of the territory. However, the analysis of the correlation between the investment dynamics for 2019-2020 in the Central regions and the number of RDIs shows unevenness and multidirectionality of its vectors for individual regions. The study attempts to assess the role of development institutions in enhancing regional competitiveness on the example of development corporations as an institution that is widely represented in the Russian regions The study identifies a number of significant legal, economic, and organizational problems that reduce the effectiveness of this type of institutions. The authors prove the necessity and present both system-wide changes with functioning RDIs, which is relevant to all regional institutions, and changes in the internal environment of development corporations. The paper also discloses the mechanism of building a regional system of development institutions that will contribute to improving the procedures for interagency cooperation in creating a favorable business environment and, consequently, strengthen the competitive position of the region.

References

Аcs, Z., Estrin, S., Mickiewicz, T., & Szerb, L. (2018). Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective. Small Business Economics, 51(2), 501-514. DOI: 10.1007/s11187-018-0013-9.

Aoki, M. (2007). Endogenizing Institutions and Institutional Changes. Journal of Institutional Economics, 3(1), 1-31. DOI: 10.4337/9781783476213.00026

Bakhtizin, А. R., Valentik, О. N., Bukhvald, Е. М., & et al. (2015). Development institutions as a tool of the regional economics. Moscow: Institute of Economics of the Russian Academy of Sciences. Retrieved from: https://inecon.org/docs/Vilensky_paper_20151222.pdf (in Russian).

Baranov, А. Yu., Malkov, Е. S., Polischuk, L. I., Rokhlits, М., & Syunyaev, G. R. (2015). Measuring Institutions in Russian Regions: Methodology, Sources of Data, Analysis. Voprosy Ekonomiki, (2), 69-103 (in Russian).

Bоndаrеnkо, V. V., Таninа, М. А., Yudina ,V. А., & Khаritonоvа, Т. V. (2017). Development of Model of System of Regional Institutes of Development in the Conditions of Formation of the Innovative Knowledge-Intensive Economy. Mir novoy ekonomiki, (4), 88-98 (in Russian).

Budagov, А. S., Gagulinа, N. L., Zhulegа, I. А., & Novikov, А. V. (2019). Analysis of institutional transformations of the regional economy. Actual'nye problemy ekonomiki i upravleniya, 1(21), 46-54 (in Russian).

Chashkin, V. V. (2012). New Approaches to Classification of Development Institutions. Finansovaia analitika: problemy i resheniya, (33), 31-38 (in Russian).

Dоmninа, I. N., & Маеvskaya, L. I. (2017). Regional Development Institutions in the Framework of the Strategic Planning of the Innovation Structure of the Russian Economy. Vestnik Vladimirskogo gosudarstvennogo universiteta imeni Aleksandra Grigor`evicha i Nikolaya Grigor`evicha Stoletovykh. Seriya: Ekonomicheskie nauki, (2), 62-80 (in Russian).

Еrgunоvа, О. Т., Plаkhin, А. Е., & Fоminykh, К. А. (2017). Regional development institutes and their role in modernizing the economy of the constituent entities of the Russian Federation. Voprosy innovatsionnoi ekonomiki, 7(4), 323-338 (in Russian).

Evans, R., & Harding, A. (1997). Regionalization, Regional Institutions and Economic Development. Policy and Politics, 25(1), 19-30. DOI: 10.1332/030557397782213765

Ezangina, I. А., Vodolagina К. S., & Маlоvichkо, А. Е. (2020). Regional institutions of development: structure, directions of activity, effectiveness. Vestnik Instituta ekonomiki RAN, (3), 129-141. DOI: 10.24411/2073-6487-2020-10034 (in Russian).

Fruminа, S. В. (2017). Development institutions in the Russian legal field. Finansovaya zhizn', (4), 19-23 (in Russian).

Glaeser, E., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2004). Do Institutions Cause Growth? Journal of Economic Growth, 9(3), 271-303. DOI: 10.2139/ssrn.556370

Hall, J., & Sobel, R. (2008). Institutions, Entrepreneurship, and Regional Differences in Economic Growth. American Journal of Entrepreneurship, 1(1), 69-96.

Hawkins, Chr. V., Hu, Q., & Feiock, R. (2016). Self-Organizing Governance of Local Economic Development: Informal Policy Networks and Regional Institutions. Journal of Urban Affairs, 38(5), 643-660. DOI: 10.1111/juaf.12280

Ivanov, О. B., & Bukhvald, Е. М. (2018). Regional development institutions in the strategic planning system. ETAP: Ekonomicheskaya Teoriya, Analiz, Praktika, (1), 61-77. DOI: 10.24411/2071-6435-2019-10004 (in Russian).

Jansson, H., Johanson, M., & Ramström, J. (2007). Institutions and business networks: A comparative analysis of the Chinese, Russian, and West European markets. Industrial Marketing Management, 36(7), 955-967. DOI: 10.1016/j.indmarman.2007.05.013.

Каliuzhnоvа, N. Y. (2011). Institutes of regional development and competitiveness in the conditions of modernization. Ekonomika regiona, (2), 57-64 (in Russian).

Коmаrоvа, О. V., & Chеrnya, D. А. (2020). Regional institutions of public-private partnership in the Ural Federal District: assessment of the level and prospects of development. Upravlenie v sovremennykh sistemakh, (4), 41-51. DOI: 10.24411/2311-1313-2020-10011 (in Russian).

Lagendijk, A., & Cornford, J. (2000). Regional institutions and knowledge: tracking new forms of regional development policy. Geoforum, 31(2), 209-218. DOI: 10.1016/S0016-7185(99)000 31-7.

Leeds, B. A. (2009). The design and performance of regional institutions. International Studies Review, 11(2), 386-388. DOI: 10.1111/j.1468-2486.2009.00862.

Liu, J. (2016). Regional Institutions and Their Impact on the Connectedness of Firm's Innovation Networks. Institutions and Economies, 8(1), 102-129.

Luedtke, A. (2005). Regional Institutions and Governance in the European Union. International Studies Review, 7(1), 101-103.

Маtvееv, Yu. V., & Маtvееv, К. Yu. (2015). Regional development institutions in a non-equilibrium economy. Vestnik Samarskogo gosudarstvennogo ekonomicheskogo universiteta, (7), 11-17 (in Russian).

Мitrofanovа, I. V., & Pоzhilovа, I. V. (2018). Modernization of development institutions as a strategic direction for improving regional economic policy. Teoriya i praktika obshchestvennogo razvitiya, (7), 55-61 (in Russian).

Morgan, K. J. (2007). The learning region: Institutions, innovation and regional renewal. Regional Studies, 41(1), 147-159. DOI: 10.1080/00343409750132289

Nikitаеvа, А. Yu. (2017). Regional institutional structure in the context of innovative industry development. Zhurnal institutsional'nykh issledovaniy, 9(1), 134-149. DOI: 10.17835/2076-6297.2017.9.1.134-149 (in Russian).

Novosyolov, А. S. (2020). Institutional environment of socio-economic development of municipalities. Region: ekonomika i sociologiya, (1), 200–232. DOI: 10.15372/REG20200109 (in Russian).

Raza, A., Muffatto, M., & Saeed, S. (2019). The influence of formal institutions on the relationship between entrepreneurial readiness and entrepreneurial behaviour: a cross-country analysis. Journal of Small Business and Enterprise Development. 26(1), 133-157. DOI: 10.1108/JSB-01-2018-0014.

Rodríguez-Pose, A. (2013). Do Institutions Matter for Regional Development? Regional Studies, 47(7), 1034-1047. DOI: 10.1080/00343404.2012.748978.

Sahasranamam, S., & Nandakumar, M. K. (2020). Individual capital and social entrepreneurship: Role of formal institutions. Journal of Business Research, 107, 104-117. DOI: 10.1016/j.jbusres.2018.09.005.

Tatarkin, A. I., & Коtlyarovа, S. N. (2013). Regional development institutions as an economic growth factors. Ekonomika regiona, (3), 9-18 (in Russian).

Voigt, S. (2013). How (Not) to Measure Institutions. Journal of Institutional Economics, 9(1), 1-26. DOI: 10.2139/ссрн.1336272.

Xu, Ch. (2011). The Fundamental Institutions of China’s Reforms and Development. Journal of Economic Literature, 49(4), 1076-1151. DOI: 10.2307/23071664.

THE ROLE OF DEVELOPMENT INSTITUTIONS IN ENHANCING REGIONAL COMPETITIVENESS

Authors

DOI:

Keywords:

Abstract

References

Downloads

Published

How to Cite

Issue

Section

License