Home  Journals  Regional Economics: Theory and Practice  4(439) - 2017 April

Development of the caucasian mineral waters region in the context of import substitution policy in the tourist market of Russia

Vol. 15, Iss. 4, APRIL 2017

Article PDF Version

Received: 19 September 2016

Received in revised form: 6 October 2016

Accepted: 17 October 2016

Available online: 16 April 2017

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: L83, R1, R58

Pages: 658-675

https://doi.org/10.24891/re.15.4.658

Importance The article deals with the problems of increasing the competitiveness of sanatorium-resort complex of the Caucasian Mineral Waters region in the current socio-economic and political conditions.
Objectives The article aims to analyze the competitiveness of the Caucasian Mineral Waters resort region, develop and validate the mechanisms of its increase regarding the import substitution policy.
Methods For the study, we used comparative and formal logical analyses.
Results We found that the development of the Caucasian Mineral Waters resort region is hampered by the failure to resolve a range of problems. The conducted comparative analysis shows the high price competitiveness of the services offered by the Spa institutions of the Caucasian Mineral Waters resort towns, compared with foreign counterparts. We propose certain mechanisms to enhance the competitiveness of the sanatorium-resort complex of the Caucasian Mineral Waters region in the context of import substitution policies.
Conclusions Improving the transport, communications, and tourism infrastructure of the region is a key direction of realization of the Caucasian Mineral Waters region's import-substituting capacity. Improving the efficiency of cooperation of formal and informal institutions supports the national policies of import substitution in the tourist market. It is essential to differentiate and consolidate the federal, regional, and municipal authorities and institutions' participation in the development of the region's tourism cluster on the regulatory basis.

Keywords: competitiveness, Caucasian Mineral Waters, Caucasian Spas, resort complex, import substitution policy

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