Regional Economics: Theory and Practice
 

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A study into the patterns of future business specialization of the industrial region's economy

Vol. 17, Iss. 6, JUNE 2019

Received: 27 February 2019

Received in revised form: 10 April 2019

Accepted: 25 April 2019

Available online: 17 June 2019

Subject Heading: THEORY OF REGIONAL ECONOMICS

JEL Classification: C15, L16

Pages: 1006–1018

https://doi.org/10.24891/re.17.6.1006

Smirnova O.P. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
olysmirnova95@gmail.com

https://orcid.org/0000-0001-6965-8028

Averina L.M. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
laverina@mail.ru

ORCID id: not available

Subject This article discusses the transformation of the spatial organization of the Russian economy and the need to apply new theoretical and methodological approaches to the study of spatial organization of the economy of the country and regions.
Objectives The article aims to consider some conceptual provisions concerning the problems and Strategy of Spatial Development of the Russian Federation for the period till 2025, in the light of perspective economic specialization of the Russian subjects. As well, it aims to define the concept of perspective economic specialization in relation to the economic complex of a backward industrial region.
Methods For the study, we used the methods of abstraction, comparison, and the logical and systems approaches. As well, we analyzed the foreign countries' best practices.
Results The article assesses the development potential of regional network structures and determines their role in enhancing the competitiveness of economic sectors and industries and ensuring the economic security of the region.
Conclusions Regarding the Sverdlovsk Oblast, its industrial future economic specialization is conditioned by the spatial factors of its area placement. The Oblast's geography and natural-resource factors affect the competitiveness of enterprises and prospects of economic specialization of its industrial complex.

Keywords: spatial development, promising economic specialization, spatial factors, location, industry networking

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