+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Assessing the impact of infrastructure on the social and economic development of Russian regions

Vol. 20, Iss. 5, MAY 2021

Received: 18 January 2021

Received in revised form: 15 February 2021

Accepted: 7 March 2021

Available online: 28 May 2021

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: H54, L51, O47

Pages: 792–809

https://doi.org/10.24891/ea.20.5.792

Al'bert G. MNATSAKANYAN Kaliningrad State Technical University (KSTU), Kaliningrad, Russian Federation
mag@klgtu.ru

https://orcid.org/0000-0001-8437-9852

Sedrak SARGSYAN Kaliningrad State Technical University (KSTU), Kaliningrad, Russian Federation
sedrakfirst@gmail.com

ORCID id: not available

Subject. We present the analysis of theoretical and practical aspects of the impact of infrastructure on socio-economic development.
Objectives. The aim of the study is to review theoretical and empirical aspects of relationship between the condition of infrastructure and the socio-economic development of the Russian Federation.
Methods. The study draws on comparative and logical analysis of theoretical foundations and conclusions published in scientific sources, as well as methods of mathematical and statistical analysis.
Results. The statistical measurement of relationship between the condition of infrastructure and the determinants of economic growth yielded results that run counter to the findings in academic literature. While we reveal a significant positive correlation between the level of transport and energy infrastructure development with the gross regional product per capita, the variables that characterize the state of telecommunications and social infrastructure have little or no connection with this indicator of the Russian regions’ development.
Conclusions. Several variables are not enough to assess the impact of infrastructure on socio-economic development. For this reason, the model of infrastructure impact assessment requires further improvement.

Keywords: investment, infrastructure, economic growth, impact, measurement

References:

  1. Sala-i-Martin X.X. I Just Ran Two Million Regressions. The American Economic Review, 1997, vol. 87, iss. 2, pp. 178–183. URL: Link
  2. Milbourne R., Otto G., Voss G. Public Investment and Economic Growth. Applied Economics, 2003, vol. 35, iss. 5, pp. 527–540. URL: Link
  3. Baldwin J.R., Dixon J. Infrastructure Capital: What Is It? Where Is It? How Much of It Is There? Canadian Productivity Review, 2009, research paper no. 16, 108 p. URL: Link
  4. Straub S. Infrastructure and Development: A Critical Appraisal of the Macro Level Literature. Policy Research Working Paper, 2008, no. 4590. World Bank, Washington, DC, 2008. URL: Link
  5. Canning D., Pedroni P. Infrastructure, Long-Run Economic Growth and Causality Tests for Cointegrated Panels. The Manchester School, 2008, vol. 76, iss. 5, pp. 504–527. URL: Link
  6. Grubesic T.H. The Management and Measurement of Infrastructure: Performance, Efficiency and Innovation. Growth and Change, 2009, vol. 40, iss. 1, pp. 184–187. URL: Link
  7. Kondrat'ev V. [Infrastructure and economic growth]. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2011, no. 11, pp. 18–24. (In Russ.) URL: Link
  8. Mnatsakanyan A.G., Karlov A.M., Kuzin V.I., Kharin A.G. [On some trends in the development of the Russian fisheries. Part 7. Problems of fish cargo logistics]. Baltiiskii ekonomicheskii zhurnal = Baltic Economic Journal, 2020, no. 1, pp. 34–50. URL: Link (In Russ.)
  9. Pykhov P.A., Kashina T.O. [The phenomenon of infrastructure as an object of economic research]. Zhurnal ekonomicheskoi teorii = Journal of Economic Theory, 2016, no. 1, pp. 39–46. (In Russ.)
  10. Hirschman A.O. The Strategy of Economic Development. New Haven, Yale University Press, 1958.
  11. Fourie J. Economic Infrastructure: A Review of Definitions, Theory and Empirics. South African Journal of Economics, 2006, vol. 74, iss. 3, pp. 530–556. URL: Link
  12. Bristow A.L., Nellthorp J. Transport Project Appraisal in the European Union. Transport Policy, 2000, vol. 7, iss. 1, pp. 51–60. URL: Link00010-X
  13. Popov E.V., Semyachkov K.A., Zhunusova K.V. [Systematization of the smart city civil engineering infrastructure]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2020, vol. 18, iss. 4, pp. 765–779. (In Russ.) URL: Link
  14. Merzlov I.Yu. [National infrastructure: Nature and management of its development]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2013, no. 22, pp. 42–48. URL: Link (In Russ.)
  15. Palei T. Assessing the Impact of Infrastructure on Economic Growth and Global Competitiveness. Procedia Economics and Finance, 2015, vol. 23, pp. 168–175. URL: Link00322-6
  16. Agénor P.R., Moreno-Dodson B. Public Infrastructure and Growth: New Channels and Policy Implications. Policy Research Working Paper, 2006, no. 4064. World Bank, Washington, DC. URL: Link
  17. Macdonald R. An Examination of Public Capital's Role in Production. Economic Analysis Research Paper Series, 2008, no. 50. Ottawa, Statistics Canada. URL: Link
  18. Seethepalli K., Bramati M.C., Veredas D. How Relevant Is Infrastructure to Growth in East Asia? Policy Research Working Paper, 2008, no. 4597. World Bank, Washington, DC. URL: Link
  19. Montolio D., Solé-Ollé A. Road Investment and Regional Productivity Growth: The Effects of Vehicle Intensity and Congestion. Papers in Regional Science, 2009, vol. 88, iss. 1, pp. 99–118. URL: Link
  20. Wei Zou, Fen Zhang, Ziyin Zhuang, Hairong Song. Transport Infrastructure, Growth and Poverty Alleviation: Empirical Analysis of China. Annals of Economics and Finance, 2008, vol. 9, iss. 2, pp. 345–371. URL: Link
  21. Kharin A.G. [Theoretical and practical aspects of valuation of intangible assets]. Baltiiskii ekonomicheskii zhurnal = Baltic Economic Journal, 2017, no. 1, pp. 23–37. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 20, Iss. 5
May 2021

Archive