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Regional Economics: Theory and Practice
 

Institutional support for the development of aquaculture in the Russian Federation

Vol. 18, Iss. 8, AUGUST 2020

Received: 25 May 2020

Received in revised form: 26 June 2020

Accepted: 2 July 2020

Available online: 14 August 2020

Subject Heading: AGRO-INDUSTRIAL COMPLEX

JEL Classification: L5, Q18

Pages: 1571–1587

https://doi.org/10.24891/re.18.8.1571

Mikhailov V.M. State University of Management (SUM), Moscow, Russian Federation
vasmikhaylov1@gmail.com

https://orcid.org/0000-0001-6158-5223

Subject. This article deals with the issues of development and institutional support of aquaculture in the Russian Federation as a fishing industry.
Objectives. The article aims to analyze the activities on institutional support for the aquaculture development in the Russian Federation.
Methods. For the study, I used the methods of logical, comparative, and statistical analyses.
Results. Based on an analysis of statutory regulations, inter-industry State-run programmes and programmes of the Russian Federation subjects, ensuring the development of aquaculture, the article reveals inconsistencies in the financing of the industry, discrepancies between expected and actual production volumes. It also defines the importance of institutional support measures to develop the aquaculture and better institutional environment.
Conclusions. Institutional support is the most important task of the Federal and regional authorities, the solution of which can significantly improve regional protectionist practices in aquaculture.

Keywords: aquaculture, institution, State programme, non-profit organization, regional protectionism

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