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Regional Economics: Theory and Practice
 

Ways to overcome the inequalities of socio-economic development of backward regions: Evidence from the Republic of Tyva

Vol. 15, Iss. 2, FEBRUARY 2017

PDF  Article PDF Version

Received: 23 May 2016

Received in revised form: 17 June 2016

Accepted: 15 July 2016

Available online: 18 February 2017

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: Q57, Q58, R11, R12

Pages: 315-328

https://doi.org/10.24891/re.15.2.315

Popod'ko G.I. Institute of Economics and Industrial Engineering, Siberian Branch of RAS, Krasnoyarsk, Russian Federation
pgi90@bk.ru

Importance The article deals with the issues of economic inequality of regional development and regional policy that provides special measures to overcome economic backwardness.
Objectives Considering the economic situation of the Republic of Tyva as a case study, the paper aims to form the basic directions of stimulating regional policies that ensure the development of a backward region.
Methods For the study, I used the methods of economic and statistical analysis, classification, comparison, and expert estimates. As the research methodology in calculating the thresholds of aggregate sustainability index, I used an interregional differentiation reduction approach.
Results The article presents a system of indicators for assessing the social sustainability of the regional economic system and a method of calculating the aggregate sustainability index as a comprehensive indicator of the level of region's backwardness to determine the type of region. Also, it offers the main directions of stimulating regional development policy for a backward region, ensuring the regional economy's growth.
Conclusions and Relevance I conclude that there is a need to build a supportive regional policy that promotes targeted economic zones, clusters, points of economic growth. For the Republic of Tyva, I propose the formation of a special area of socio-ecological environmental management that ensures a rapid development of the economy in the conditions of environmental safety.

Keywords: socio-economic inequality, stimulating regional policy, special socio-ecological zone, cluster, environmental management, underdeveloped region

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