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Regional Economics: Theory and Practice
 

A situation analysis of the socio-economic development of the Republic of Dagestan

Vol. 12, Iss. 41, NOVEMBER 2014

Available online: 2 November 2014

Subject Heading: REGIONAL ADVANCEMENT

JEL Classification: 

Pages: 18-24

Gadzhiev N.G. Dagestan State University, Makhachkala, Republic of Dagestan, Russian Federation
nazirhan@mail.ru

Gasanov Z.M. Ministry of Economic Affairs and Regional Development of Republic of Dagestan, Makhachkala, Republic of Dagestan, Russian Federation
zaur_gasanov@mail.ru

Importance The article analyses the condition of the leading areas of the Dagestan economy on the basis of the State statistics data and the calculations of the Ministry of Economic Affairs and Regional Development of the Republic of Dagestan. We emphasize that in the modern economic environment, the role of regional and local industrial complexes in the social and economic development of the country increases considerably. We discuss priority projects and the ways to increase the economic capacity of the republic.
     Objectives The purpose of the article is to analyze new strategic approaches to ensuring the social and economic growth of the Republic of Dagestan, calculated for medium-term and long-term periods in the conditions of reforming the management system of regional development. We set the following tasks in the course of the research: to define the existing development trends of the key industries of Dagestan's economy and their consistency with the long-term economic interests of the Republic; to assess the results and prospects of implementing federal targeted programs aimed at promoting higher priority types of economic activities in Dagestan, including the problems of modernizing the sectoral structure of the Republican industrial complex; to justify the mechanisms of ensuring a system-level social and economic growth in the Republic of Dagestan.
     Methods We used the elements and various approaches of situation analysis to study the results of economic development of the key areas of the Republic of Dagestan, and to define its priorities and prospects.
     Results Solving the problems of sustainable social and economic development of the Republic of Dagestan and the complex nature of the existing problems require not only the State support of the Federal Center, but also the improvement of the management system of social and economic development at the regional level.
     Conclusions and Relevance We have concluded that the implementation of the planned higher priority projects will give the necessary impulse to the development of the economy of the Republic of Dagestan, enable to create high-quality living conditions and to provide employment of the population and decent earnings. It will also help creating a positive image of a stable region.

Keywords: socio-economic development, investment potential, consolidated budget, industrial policy, efficiency

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