INNOVATION SYSTEM FAILURES IN RUSSIAN RESOURCEABUNDANT REGIONS

Описание

Тип публикации: доклад, тезисы доклада, статья из сборника материалов конференций

Конференция: CIEDR 2018?The International Scientific and Practical Conference?"Contemporary Issues of Economic Development of Russia:?Challenges and Opportunities"??The International Scientific and Practical Conference "Contemporary Issues of Economic Development of Russia: Challenges and Opportunities"; Великий Новгород; Великий Новгород

Год издания: 2019

Идентификатор DOI: 10.15405/epsbs.2019.04.21

Ключевые слова: innovative system, regional development, resource curse, system failures

Аннотация: Since the “resource curse” phenomena was first mentioned in literature, it has received a significant empirical confirmation both on national and regional scales. However there are several exceptions of the economies that obtained advantages from resource wealth. Among the reasons of inability to turn a resource curse to blessing sПоказать полностьюcholars identified weak institutes, the neglect of education,and poor manufacturing crowded out by high-yielding extracting sector. These effects generate a system of innovation failure that is slowing down economic growth. This paper aims to obtain further empiricalevidence of the resource curse hypothesis from Russian regions. Secondly, we examine innovative system failures that slow down the pace of economic development. Our econometric calculations provided another proof of resource curse. We discovered a negative elationship between economic growth and resource wealth of Russian regions. Then we analyzed the case of Krasnoyarsk Krai, a Russian resourceabundant region. We used the survey response by executive directors of small and medium enterprises to identify innovative system failures. The most significant systemic failures in resource-rich region were corruption, hindered interactions between actors and institutions, a high level of taxation and naturalmonopolies' prices. Our study contributes to adjusting policy development to the specific conditions ofresource-dependent counties.

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Издание

Журнал: The European Proceedings of Social & Behavioural Sciences EpSBS

Номера страниц: 181-190

Издатель: Published by the Future Academy

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