Regional Economics: Theory and Practice
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
LCCN Permalink
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Contemporary problems of financial stability of Russia's regional economy

Vol. 17, Iss. 10, OCTOBER 2019

Received: 19 June 2019

Received in revised form: 5 August 2019

Accepted: 20 August 2019

Available online: 15 October 2019

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: P25, P34, R10, R51

Pages: 1942–1955

https://doi.org/10.24891/re.17.10.1942

Ibragimov R.N. Altai State University (ASU), Barnaul, Altai Krai, Russian Federation
defakto1990@gmail.com

https://orcid.org/0000-0002-4859-9302

Subject This article considers the stability of the financial system as a factor in the development of the region.
Objectives The article aims to classify the levels of stability of the region's financial system, identify its main problems, and develop strategic directions for its development.
Methods For the study, I used the methods of deduction, statistical, and comparative analyses.
Results The article identifies the main problems of the regional economy, hindering the development of financial stability of the economy as a whole. It also lists strategic areas and directions to improve the financial stability of Russia's regions.
Conclusions and Relevance Most regions of Russia are financially unstable and subsidized. This is greatly facilitated by the imperfection of the centralized system of regional governance. Implementation of the proposed directions and measures will contribute to the development of an effective strategy for the real sector of the economy, and investment, financial and social policy by the regional authorities.

Keywords: financial system sustainability, fiscal system, regional development, economic diversification, financial policy

References:

  1. Iogman L.G. [Economy of the region: from crisis to sustainable development]. Ekonomicheskie i sotsial'nye peremeny: fakty, tendentsii, prognoz = Economic and Social Changes: Facts, Trends, Forecast, 2009, no. 3, pp. 14–24. URL: Link (In Russ.)
  2. Kuz'menkova V.D. [Sustainable development of Russian regions]. Vestnik Voronezhskogo gosudarstvennogo universiteta inzhenernykh tekhnologii = Proceedings of the Voronezh State University of Engineering Technologies, 2016, no. 2, pp. 257–261. (In Russ.) URL: Link
  3. Vartapetov K. Russian Fiscal Federalism under Stress: Federal Support of the Regions during the Global Financial Crisis. Eurasian Geography and Economics, 2011, vol. 52, iss. 4, pp. 529–542. URL: Link
  4. Artemyeva S.S., Mitrokhin V.V. Sustainability of Public Finances: Problems and Prospects. World Applied Sciences Journal, 2013, vol. 23, iss. 4, pp. 577–581. URL: Link13/20.pdf
  5. Korchagin Yu.A. Tri osnovnye problemy Rossii, ee regionov i mekhanizmy ikh resheniya [The three main problems of Russia, its regions, and how to solve them]. Voronezh, TsIRE Publ., 2007, 144 p.
  6. Sabitova N.M., Shavaleeva Ch.M. Financial Risks of Constituents of the Russian Federation. Mediterranean Journal of Social Sciences, 2014, vol. 5, no. 24, pp. 209–215. URL: Link
  7. Popov A.V., Volkov Yu.G., Guskov I.A. et al. System of Regions Management in the Circumstances of the Geopolitical Competition: Priorities of the Modernization Development. Asian Social Science, 2015, vol. 11, no. 7, pp. 59–64. URL: Link
  8. Matveev Yu.V., Trubetskaya O.V., Lunin I.A., Matveev K.Y. Institutional Aspect of the Russian Economy Regional Development. Problems and Perspectives in Management, 2018, vol. 16, iss. 1, pp. 381–391. URL: Link.2018.36
  9. Gladkovskaya E.N., Tsalo I.M., Teterkina L.B. [Evaluation of financial sustainability of regional budgets in Russia: methodology and algorithm of its applications]. Voprosy upravleniya = Management Issues, 2017, no. 6, pp. 119–131. URL: Link (In Russ.)
  10. Efremova M.J., Sabitova N.M. Assessment of the Impact of Assets Value on Financial Statuses of Regions. Mediterranean Journal of Social Sciences, 2014, vol. 5, no. 24, pp. 222–226. URL: Link
  11. Fattakhov A.A. Strategiya upravleniya finansovoi ustoichivost'yu regional'nykh ekonomicheskikh sistem (na materialakh Respubliki Bashkortostan): monografiya [A strategy for managing the financial sustainability of regional economic systems: The Republic of Bashkortostan case study): a monograph]. Ufa, Oriental University Publ., 2008, 119 p.
  12. Zudenkova S.A., Kareva A.V. [On sustained regional development in Russia]. Servis Plus, 2014, vol. 8, no. 1, pp. 49–51. (In Russ.) URL: Link
  13. Towbin P. Financial Integration and External Sustainability. International Journal of Finance and Economics, 2013, no. 18, iss. 4, pp. 375–395. URL: Link
  14. Reznichenko D.S., Tishchenko E.S., Taranova I.V., Charaeva M.V. et al. Sources of Formation and Directions of the Use of Financial Resources in the Region. International Journal of Applied Business and Economic Research, 2017, vol. 15, no. 23, pp. 203–219. URL: Link
  15. Galukhin A.V., Uskova T.V. [Improving the system of management of risks of the income base of regions' consolidated budgets]. Ekonomicheskie i sotsial'nye peremeny: fakty, tendentsii, prognoz = Economic and Social Changes: Facts, Trends, Forecast, 2016, no. 6, pp. 162–179. URL: Link (In Russ.)
  16. Igonina L.L., Nabiyev R.A., Alimirzoeva M.G. et al. Reforming of Regional Fiscal Policy as Basis of Increasing Taxation Potential of Territories. International Journal of Economics and Financial Issues, 2016, vol. 6, no. 4, pp. 1560–1569. URL: Link
  17. Krinichanskii K.V., Fat'kin A.V. [Complex issues of regional growth dependence on the level of financial sector development]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2017, vol. 15, iss. 6, pp. 1068–1081. (In Russ.) URL: Link
  18. Tatuev A.A., Shash N.N., Nagoev A.B. et al. Analysis of the Reasons and Consequences of Economic Differentiation of Regions. International Business Management, 2015, vol. 9, no. 5, pp. 928–934. URL: Link

View all articles of issue

 

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 17, Iss. 11
November 2019

Archive