Importance The article deals with the present-day problems of regional economic policies of the Kaliningrad oblast. Objectives The paper aims to estimate the economic growth and elaborate proposals for improving the gross value added of production in manufacturing activities in the region. Methods We used the results of statistical and sociological research, qualitative, quantitative and factor analyses, as well as the regulatory and legislative framework that defines the specifics of the region as a special economic zone. Results We developed and present certain proposals to improve gross value added of products in the manufacturing activities of the Kaliningrad oblast. Conclusions We concluded that the processing industries are in precarious economic situation and exposed to the strong influence of many factors: currency fluctuations, instability of financial and commodity markets, changing consumer demand, risk of supply of raw materials, materials and components.
Keywords: region, gross value added, competitiveness, socio-economic indexes, special economic zone
References:
Gimbitskii K.K., Kuznetsova A.L., Fedorov G.M. Razvitie ekonomiki Kaliningradskoi oblasti: etapy restrukturizatsii [The development of the Kaliningrad oblast’s economy: A new stage of restructuring]. Baltiiskii region = The Baltic Region, 2014, no. 1, pp. 56–71.
Fedorov G.M., Zverev Yu.M., Korneevets V.S. Rossiya na Baltike: 1990–2007 gody [Russia on Baltic: 1990–2007]. Kaliningrad, IKBFU Publ., 2008, 224 p.
Sakov A.A., Galkin V.E., Konovalov V.V. Informatsionnoe obespechenie analiza ekonomicheskikh trendov v usloviyakh kachestvennogo rosta VVP [Information support of the analysis of economic trends in terms of GDP quality growth]. Transportnoe delo Rossii = Transport Business of Russia, 2014, no. 6, pp. 130–131.
D'Agostino G., Dunne J.P., Pieroni L. Corruption, Military Spending and Growth. Defence and Peace Economics, 2012, vol. 23, no. 6, pp. 591–604.
Entrepreneurship, Innovation, and Economic Development. 2011. Szirmai A., Naudé W., Goedhuys M. (Eds). Oxford, New York, United Nations University – World Institute for Development Economics Research, 2011, 328 p.
Gareev T.R., Eliseeva N.A. Model' tovarnykh potokov eksklavnogo regiona: v poiskakh renty “perekhodnogo perioda” osoboi ekonomicheskoi zony [A commodity flow model for an exclave region: Rent-seeking in the ‘transitional period’ of the special economic zone]. Baltiiskii region = The Baltic Region, 2014, no. 1, pp. 72–90.
Gendon A.L. Osnovnye napravleniya strategicheskogo konkurentnogo razvitiya mirovykh gorno-khimicheskikh kholdingov [The main directions of development of strategic competitive global mining and chemical holdings]. Mezhdunarodnaya ekonomika = International Economy, 2015, no. 1, pp. 60–66.
Kalina A.V., Savel'eva I.P. Formirovanie porogovykh znachenii indikativnykh pokazatelei ekonomicheskoi bezopasnosti Rossii i ee regionov [Formation of threshold values of the economic security of Russia and its regions]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Ser. “Ekonomika i menedzhment” = Bulletin of South Ural State University. Ser. Economics and Management, 2014, vol. 8, no. 4, pp. 15–24.
Zverev Yu.M., Fedorov G.M. Pole vzaimodeistviya Rossii i Evropeiskogo soyuza [The interaction between Russia and the European Union]. Vestnik Voronezhskogo gosudarstvennogo universiteta. Ser. “Geografiya, geoekologiya” = Proceedings of Voronezh State University. Ser. Geography. Geo-ecology, 2009, no. 2, pp. 97–100.
Chaplyuk V.Z., Grigor'eva I.M. Snizhenie rosta VVP v usloviyakh ekonomicheskikh sanktsii [Reducing the growth of GDP in times of economic sanctions]. Biznes v zakone = Business in Law, 2015, no. 3, pp. 237–239.
Beck T., Laeven L. Institution Building and Growth in Transition Economies. Journal of Economic Growth, 2006, vol. 11, no. 2, pp. 157–186. doi: 10.1007/s10887-006-9000-0
Liu W.S., Agbola F.W. Regional Analysis of the Impact of Inward Foreign Direct Investment on Economic Growth in the Chinese Electronic Industry. Applied Economics, 2014, vol. 46, no. 22, pp. 2576–2592. doi: 10.1080/00036846.2014.907478
Blaskowitz O., Herwartz H. On Economic Evaluation of Directional Forecasts. International Journal of Forecasting, 2011, vol. 27, no. 4, pp. 1058–1065. doi: 10.1016/j.ijforecast.2010.07.002
Desmet K., Ortuno-Ortin I., Weber S., Le Breton M. The Stability and Breakup of Nations: A Quantitative Analysis. Journal of Economic Growth, 2011, vol. 16, no. 3, pp. 183–213. doi: 10.1007/s10887-011-9068-z
Voloshenko K.Yu., Kuznetsova A.L. Opyt razrabotki i primeneniya balansovoi modeli upravleniya regional'nym razvitiem v spetsificheskikh territorial'nykh usloviyakh [A balance model of regional development management in certain territorial conditions: development and application]. Baltiiskii region = The Baltic Region, 2014, no. 3, pp. 7–26.
Nigmatulin R. Ob optimal'noi dole gosudarstvennykh raskhodov v VVP i tempakh ekonomicheskogo rosta [On Optimal Share of Government Expenditures in GDP and Rates of Economic Growth]. Voprosy Economiki, 2003, no. 3, pp. 125–131.
Hyide H.K., Panos G.A. Risk Tolerance and Entrepreneurship. Journal of Financial Economics, 2014, vol. 111, no. 1, pp. 200–223. doi: 10.1016/j.jfineco.2013.06.001
Kohli U.GDP Growth Accounting: A National Income Function Approach. Review of Income and Wealth, 2003, vol. 49, no. 1, pp. 23–34. doi: 10.1111/1475-4991.00072
Rupasingha A., Goetz S.G., Freshwater D. Social and Institutional Factors as Determinants of Economic Growth: Evidence from the United States Counties. Papers in Regional Science, 2002, vol. 81, no. 2, pp. 139–155. doi: 10.1007/s101100100091
Vassalou M. News Related to Future GDP Growth as a Risk Factor in Equity Returns. Journal of Financial Economics, 2003, vol. 68, no. 1, pp. 47–73. doi: 10.1016/S0304-405X(02)00248-9