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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


JEL Classification: H54, L51, O47

Pages: 792–809


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


Sedrak SARGSYAN Kaliningrad State Technical University (KSTU), Kaliningrad, Russian Federation

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


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