Re-Mapping Opportunity : Making Best Use of the Economic Potential of Russia's Regions
In order to understand a country as large and diverse as Russia, it is extremely important to consider spatial patterns of economic development. As Russia looks for new drivers of economic growth, it is important to understand the structural condit...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/140141521139051234/Re-mapping-opportunity-making-best-use-of-the-economic-potential-of-Russias-regions http://hdl.handle.net/10986/29732 |
| Summary: | In order to understand a country as
large and diverse as Russia, it is extremely important to
consider spatial patterns of economic development. As Russia
looks for new drivers of economic growth, it is important to
understand the structural conditions that have defined
economic development in Russia’s regions. This report uses
the Economic Potential Index (EPI) methodology to identify
the conditions that drive regional development. Economic
potential is the level of productivity that is possible for
a region to achieve given its structural endowments, which
are characteristics that are hard to alter in the short run.
The methodology used in this report combines quantitative
analysis of drivers of productivity across regions with
in-depth case studies that focus on the role of regional
governments and institutions in converting endowments into
economic outcomes. This methodology generates insights that
are relevant for both national and regional governments. The
first chapter of this report provides an overview of
regional development in Russia over the last 25 years and
identifies “Russia-specific” national structural conditions
that may affect regional development. The second chapter
discusses the results of an assessment of economic potential
at the regional level and the factors that shape it in
Russia. The third chapter focuses on the role of national
and regional governance, policy, and institutions in
promoting economic development of the regions. The final
chapter proposes policy priorities for both regional and
national authorities. |
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