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Regional Economics: Theory and Practice
 

The role of institutional conditions and economic activity of the population in the socio-economic dynamics of the federal districts

Vol. 18, Iss. 12, DECEMBER 2020

Received: 5 November 2020

Received in revised form: 10 November 2020

Accepted: 13 November 2020

Available online: 15 December 2020

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: C22, H30

Pages: 22972318

https://doi.org/10.24891/re.18.12.2297

Maslova D.V. Pyatigorsk State University (PSU), Pyatigorsk, Stavropol Krai, Russian Federation
dmaslowa@mail.ru

ORCID id: not available

Subject. This article deals with the issues related to the economic efficiency and well-being of the population.
Objectives. The article aims to analyze the impact of the economic activity of people in the existing institutional environment on the socio-economic development of megaregions.
Methods. The article uses indices that determine the public business activity and the effectiveness of the State's economic policy.
Results. The article presents an original methodology for assessing the socio-economic dynamics of federal districts between 2004 and 2018. The article points out the decline in business activity of the population and the increasing dependence of welfare on social assistance by the State.
Conclusions. The article concludes that it is necessary to adjust the public policy to encourage the business activity of people.

Keywords: gross regional product, economic policy, economic activity, population, shadow economy

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