Academic journal article Asian Social Science

Influence of Infrastructural Complex on the Wealth and Lines of Development of Regional Economic Space

Academic journal article Asian Social Science

Influence of Infrastructural Complex on the Wealth and Lines of Development of Regional Economic Space

Article excerpt

Abstract

This article aims to establish the role of industrial, transport, social and institutional infrastructure as a "growing point" of the regional economic area. To accomplish the purpose the article presents a theoretical model to manage infrastructure complex development; defines an algorithm to form "growing points" within the framework of territorially located spatial entity. Correlation between information infrastructures development and financial sector organizations is positive while the tie between railway and roads provision and the GRP volume is negative. The admission of national and regional economic space multipolar character predetermines the necessity to search for "its growth areas", the activation of which provides for their turning into the supporting territories and faster development zones, which in its turn predetermines spatial parameters and finds its reflection in the dynamics of aggregated factors of territorial subdivisions development.

Keywords: regional economic area, infrastructural complex as a growing point, economic area polarization, economic growth, regional management

1. Introduction

According to the official data (Regional Development Ministry, RF, 2012), the "growth drivef' regions and the "key leading regions" are the Russian Federation entities which locate on their territories power resources deposits or territorial entities which enjoy infrastructural potential or beneficial geographic location (the cities of Moscow, St. Petersburg, the Republic of Tatarstan, the Nizhniy Novgorod Region, the Turnen Region autonomous areas, etc.). The latter is conditioned upon forming efficient institutions, which provide better investment climate on the territory together with absolute and comparative advantages such as a better geographic location or a better developed infrastructure.

Among the most significant subjective factors that help extend topical area of modem economics we can name the following:

1) need to overcome the limitations of gnoseological potential of economic mainstream , which does not take into consideration the ambiguity of the environment and the growing transaction expenses;

2) existence of some additional (supportive) motivation parameters, related to the existence of social norms and enforcements, together with the rationally pursued interests;

3) lack of analytic tooling to provide a thorough investigation of alternative and multiple-option path for economic growth, multiple level system, asymmetry and asynchrony of spatial transactions.

As a result, "economic space" as a notion is interpreted as the central notion and at the same time the tool of learning within the framework of a thorough concept, whose target of research are transactions in a multi-level system to measure the path of business progress. All these factors determine the timeliness of the issue.

The conceptual approach represents an amplification of several theories: that of spatial economic organization by A. Lesh, the theory of innovation diffusion by T. Hägerstrand, the theory of growth poles by F. Perry, the development axes theory by P. Pottier in the context of post-industrial era in economic development and the core competencies theory by G. Hamel and C.K. Prahalad. A number of assumptions of economic space theory were stated in the middle of the XX century by A. Granberg, F. Fetter, H. Hotelling, etc. Certain theoretical problems of space economy were set up as a part of manufacturing locations approach (W. Isard, A. Weber, W. Christaller, W. Launhardt, T. Palander, G. Ritschl, J. Thunen, etc.).

2. Methods

Theoretically and methodologically the research is based on conceptual guidelines of fundamental and applied works by the leading national and foreign scholars investigating regional management, spatial planning, systems theories, urban economy, innovation development, government regulation of economy, management decision making, social and economic forecast and programming. …

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