Evidence-based economic policy at the regional level

This article revisits approaches to regional development by exploring both previously proposed and new policy opportunities for regions facing the greatest challenges in adapting to emerging geo-economic conditions. This revision is based on the methodology of comparative analysis of discrete struct...

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Main Authors: Elena G. Kropinova, Andrey E. Shastitko
Format: Article
Language:English
Published: Immanuel Kant Baltic Federal University 2024-01-01
Series:Baltic Region
Subjects:
Online Access:https://balticregion.kantiana.ru/en/jour/15785/81920/
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author Elena G. Kropinova
Andrey E. Shastitko
author_facet Elena G. Kropinova
Andrey E. Shastitko
author_sort Elena G. Kropinova
collection DOAJ
description This article revisits approaches to regional development by exploring both previously proposed and new policy opportunities for regions facing the greatest challenges in adapting to emerging geo-economic conditions. This revision is based on the methodology of comparative analysis of discrete structural (institutional) alternatives – an essential component for ensuring the necessary evidential level in selecting economic policy instruments, complementing other applied research tools. The Kaliningrad region is one of Russia’s most complex due to its geographical isolation and historical background. The most comprehensive and consistent review of development options, or structural alternatives, for this area is found in the works of Gennady Fedorov, a professor at the Immanuel Kant Baltic Federal University. This study elucidates the need to draw on the ideas of regional and spatial economic development of the Kaliningrad region reflected in the works of Prof. Fedorov and his colleagues from 1991 to 2023, when developing scenarios for Russia’s westernmost region. The main advantage of their findings is that they are presented through the lens of interdisciplinary discourse, utilising concepts from new institutional economic theory to provide an economic perspective. This study reveals the fundamental ideas behind the concept of the geo-demographic situation, the so-called ‘Fedorov matrix’ highlighting structural alternatives for the development of the Kaliningrad region and the spatially distributed clusters. The article examines the three main development strategies of the Kaliningrad region, as analysed by Fedorov, to trace the evolution of the region’s economic activity regulation regime. A conclusion is drawn regarding the demand for industrial policy instruments for the development of the region’s economy, while also emphasising their insufficient efficiency in application. The viability of Fedorov’s forecasts, as outlined in his works, is assessed through the example of planning a spatially distributed tourism and recreation cluster.
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spelling doaj-art-d9854c790e1b413aa53410affe72fc682025-01-24T10:18:29ZengImmanuel Kant Baltic Federal UniversityBaltic Region2079-85552310-05242024-01-01164123010.5922/2079-8555-2024-4-1Evidence-based economic policy at the regional levelElena G. Kropinova0Andrey E. Shastitko1Immanuel Kant Baltic Federal UniversityLomonosov Moscow State University; Russian Presidential Academy of National Economy and Public AdministrationThis article revisits approaches to regional development by exploring both previously proposed and new policy opportunities for regions facing the greatest challenges in adapting to emerging geo-economic conditions. This revision is based on the methodology of comparative analysis of discrete structural (institutional) alternatives – an essential component for ensuring the necessary evidential level in selecting economic policy instruments, complementing other applied research tools. The Kaliningrad region is one of Russia’s most complex due to its geographical isolation and historical background. The most comprehensive and consistent review of development options, or structural alternatives, for this area is found in the works of Gennady Fedorov, a professor at the Immanuel Kant Baltic Federal University. This study elucidates the need to draw on the ideas of regional and spatial economic development of the Kaliningrad region reflected in the works of Prof. Fedorov and his colleagues from 1991 to 2023, when developing scenarios for Russia’s westernmost region. The main advantage of their findings is that they are presented through the lens of interdisciplinary discourse, utilising concepts from new institutional economic theory to provide an economic perspective. This study reveals the fundamental ideas behind the concept of the geo-demographic situation, the so-called ‘Fedorov matrix’ highlighting structural alternatives for the development of the Kaliningrad region and the spatially distributed clusters. The article examines the three main development strategies of the Kaliningrad region, as analysed by Fedorov, to trace the evolution of the region’s economic activity regulation regime. A conclusion is drawn regarding the demand for industrial policy instruments for the development of the region’s economy, while also emphasising their insufficient efficiency in application. The viability of Fedorov’s forecasts, as outlined in his works, is assessed through the example of planning a spatially distributed tourism and recreation cluster. https://balticregion.kantiana.ru/en/jour/15785/81920/regional economydevelopment strategiesgeodemographic situationdiscrete structural alternativesclusterstourismmaster planningkaliningrad oblast
spellingShingle Elena G. Kropinova
Andrey E. Shastitko
Evidence-based economic policy at the regional level
Baltic Region
regional economy
development strategies
geodemographic situation
discrete structural alternatives
clusters
tourism
master planning
kaliningrad oblast
title Evidence-based economic policy at the regional level
title_full Evidence-based economic policy at the regional level
title_fullStr Evidence-based economic policy at the regional level
title_full_unstemmed Evidence-based economic policy at the regional level
title_short Evidence-based economic policy at the regional level
title_sort evidence based economic policy at the regional level
topic regional economy
development strategies
geodemographic situation
discrete structural alternatives
clusters
tourism
master planning
kaliningrad oblast
url https://balticregion.kantiana.ru/en/jour/15785/81920/
work_keys_str_mv AT elenagkropinova evidencebasedeconomicpolicyattheregionallevel
AT andreyeshastitko evidencebasedeconomicpolicyattheregionallevel