Promoting Economic Growth in Regions of the Russian Federation by Boosting the Development of Non-Resource-Based Exports

• Main Authors: Gulin Konstantin A., Yakushev Nikolai O., Mazilov Evgenii A.
• Format: Article
• Language: English
• Published: Russian Academy of Sciences, Vologda Research Center 2018-07-01
• Series: Economic and Social Changes: Facts, Trends, Forecast
• Subjects: economic growth; differentiation; problems; promotion; territories; non-resource-based export
• Online Access: http://esc.vscc.ac.ru/article/2665/full?_lang=en

At present, the issues related to economic growth rate, increase in gross regional product, and expansion of budget revenues of territories are coming to the fore. Export is an important resource for regional economic development. However, despite the fact that exports play a major role in the economy, Russia’s share in foreign economic activity is insignificant (1.8%) and tends to decrease. In absolute values, Russia’s export is ten times lower than that of China and five times lower than that of the U.S. Under the circumstances, it is crucial to determine the priorities of export activity. In this regard, the goal of our study is to determine the priorities and directions in boosting export activity as a necessary aspect of economic growth of territories and development of the national economy. In accordance with the goal of the paper, we consider the evolution of the views on the role of export activity in economic growth and develop a scientifically substantiated methodological approach to assessing the real share of non-resource-based export of Russia’s regions in the total volume of goods shipped abroad. We also develop our own approach to classifying non-resource-based exports, study foreign experience in providing support to export activities, consider Russia’s current infrastructure, and prove that it is necessary to implement governmental policy to provide comprehensive system-wide support to exporter enterprises. This can be done with the help of the system approach; it is also necessary to develop a set of tools and measures to enhance the growth of non-resource-based export at the federal and regional levels. In conclusion, we focus once again on the need to develop methodological aspects of assessing the real share of non-resource-based export of Russia’s regions. At the further stages of the study, we will substantiate and develop a mechanism for managing non-resource-based exports of the regions on the basis of stimulating the development of non-resource-based exports in order to promote economic growth