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Regional Economics: Theory and Practice

Development of the Central Black Earth macroregion's economy in the context of spatial polarization of areas

Vol. 21, Iss. 5, MAY 2023

Received: 14 March 2023

Received in revised form: 29 March 2023

Accepted: 11 April 2023

Available online: 16 May 2023


JEL Classification: R10, R11, R13

Pages: 802–820


Marina V. VLADYKA Belgorod State National Research University (BSU), Belgorod, Russian Federation


Elena A. STRYABKOVA Belgorod State National Research University (BSU), Belgorod, Russian Federation


Viktoriya V. SHULYAKOVA Belgorod State National Research University (BSU), Belgorod, Russian Federation


Dar'ya M. BURDINSKAYA Housing Savings Cooperative – ZhBK-1, Belgorod, Russian Federation


Subject. This article considers the macroregion as an important economic unit.
Objectives. The article aims to assess the investment potential of the Central Black Earth macroregion and analyze the changes in economic indicators reflecting the level of development of entrepreneurship.
Methods. For the study, we used a comparative analysis and tabular and graphic visualization methods.
Results. The article finds a relationship between the competitive advantages of the subjects of the macroregion and the level of spatial polarization. There is a high probability of localization of regional economies.
Conclusions. It is necessary to develop programmes aimed at smoothing out disparities in the socio-economic development of areas.

Keywords: regional economy, spatial polarization, institutional transformations, regional policy, investments


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