FACTORS OF CAPACITY IMPLEMENTATION AND ACHIEVING ECONOMIC SECURITY IN THE REGION
Low quality of life of the population and low rates of regions development suggest the need to find their potential drivers of growth. It is shown that some instruments of the state economic policy, for example, regulating accrual of depreciation, are institutional traps: they reduce the flow of taxes to the budget, but do not lead to the renovation of fixed assets.
Keywords: economic development, assets, Teyla index, inequality, institutions, infrastructure, financial management, risks.
Goal. Identify opportunities and risks of the regions by capitalizing existing assets.
Tasks. Propose a methodology for analyzing the implementation of regional capacity; give a quantitative assessment of the influence of macro- and micro-level factors; show the possibility of establishing risks through the dynamics of potential factors; determine the contours of economic policies aimed at achieving regional security.
Methodology. General methods of scientific knowledge are used in the work. The evaluation of factors is based on the entropic approach, which, unlike standard factor analysis, allows obtaining not only quantitative measures, but also meaningful ones. Taking into account high uncertainty and differentiation of ongoing processes and phenomena, the choice of the entropy approach to economic security research seems justified.
Results. To eliminate the existing disparity in the spatial development of the Russian Federation, it is necessary to improve the institutional structure of the country, primarily formal institutions - a weak regulatory and legal framework. At the same time, it is required to ensure not only a qualitative growth of production and economic activity, but also a certain correlation between qualitative and quantitative indicators.
Conclusions. The sustainable development of the regions is determined by factors of both macro- and microlevels. The difference in the significance of these factors from the point of view of ensuring economic security will improve the effectiveness of policies pursued by the state or by individual economic entities.
Highlights:
the realization of the region`s economic potential is aimed at achieving its sustainable and safe development;
the entropy approach allows obtaining a quantitative and meaningful assessment of factors and risks while realizing the regional potential;
the difference in the importance of macro- and micro-level factors will enhance the effectiveness of the policy in the field of ensuring economic security of the regions.
Valentina V. Karginova, Candidate of Economics, Research Scientist of the Institute of Economics, Karelian Research Center, RAS, Petrozavodsk.