Home  Journals  Regional Economics: Theory and Practice  15(150) - 2010 April

The governmental stimulation of economic growth by means of infrastructure development: theory and practice (a case of the Russian Far East)

Available online: 12 April 2010

Subject Heading: Economy and management

JEL Classification: 

This article offers a theoretical model of economy by means of which government influence on economic dynamics is analyzed. Besides, a problem of space heterogeneity is considered and a way of registration of space features of economy at determining optimal proportions of capital allocation between sectors is offered. Optimality of capital allocation between infrastructural and industrial sectors of economy of the Russian Far East is estimated using econometric methods. It is shown that governmental investment strategies implemented on the territory of the Russian Far East are oriented at short-term effects, and from the point of view of long-term perspectives (steady economic growth) these strategies appeared not to be effective.

Keywords: economic growth, investments, capital, infrastructure, government, space

View all articles of issue

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 4 April 2024

Archive