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Regional Economics: Theory and Practice
 

Free warehouse institution as a key element of the system of tools to stimulate the socio-economic development of the region: A case study

Vol. 20, Iss. 11, NOVEMBER 2022

Received: 25 July 2022

Received in revised form: 12 September 2022

Accepted: 13 October 2022

Available online: 15 November 2022

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: R11, R58

Pages: 2053–2082

https://doi.org/10.24891/re.20.11.2053

Vladimir V. KOVARDA Southwest State University (SWSU), Kursk, Russian Federation
kovarda@yandex.ru

ORCID id: not available

Subject. This article discusses the development of points of economic growth and the formation of special economic and legal status areas.
Objectives. The article aims to analyze the features of the functioning of free warehouses in comparison with special economic zones and determine their role in regional economic policy.
Methods. For the study, I used logical and statistical analyses.
Results. The article notes the expansion in the number of tools used to stimulate endogenous economic growth and describes the impact of free warehouses on the economy of the region.
Conclusions. Free warehouse is an instrument of regional economic policy that helps create local points of economic growth without the direct participation of the Russian Government.

Keywords: free custom zone stock, regional economic policy, regional development tools, special economic zone, area of advanced social and economic development, special status area, customs procedure, selective policy

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