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Structural changes and the region's economic growth

Zaretskaya V.G. Financial University under Government of Russian Federation, Kursk Branch, Kursk, Russian Federation ( zar.59@mail.ru )

Tokareva K.V. Financial University under Government of Russian Federation, Kursk Branch, Kursk, Russian Federation ( kristina.tokareva11@gmail.com )

Journal: Regional Economics: Theory and Practice, #9, 2019

Subject This article discusses the structural changes in the economies of the regions and their impact on economic growth.
Objectives The article aims to test the hypothesis that a higher level of gross regional product per capita should be observed in regions with more intense changes in the structure of gross value added between individual economic activities.
Methods For the study, we applied the methods of econometric analysis, using the Ryabtsev index.
Results The article presents certain results of measurements of structural changes in the economy of the regions of the Russian Federation from 2004 to 2016. Most regions show low levels of structural changes. The study shows that there is a moderate degree of relationship between the level of gross regional product per capita and the degree of structural changes in the region's economy over the past 13 years.
Conclusions and Relevance Regions with a greater degree of structural changes in the ratio of economic activities have a higher per capita gross regional product. The results of the study can be used in forecasting economic growth and evolving a development strategy for the region.


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