Economic Space Transformation in a Stagnant Economy

DOI

10.2991/aebmr.k.210710.007How to use a DOI?

Keywords

investment, innovation, labour, economic space, region, interregional interaction

Abstract

The economic space quality is an important factor for the sustainable and stable development of regions. The period of stagnation of the Russian economy has had a negative impact on the dynamics of the social and economic development of the Northwest Federal District regions. The significant decline in GRP growth and fixed investment was accompanied by a significant increase in interregional differentiation, which further increased the heterogeneity of economic space. A sharp decline in the indices of «weak» regions has led to an increase in the tendency of «shrinking» of the population to sufficiently well-off regions, which creates a multiplicative effect of the increase of differentiation of the level of social and economic development of the RF subjects and further deterioration of the economic space quality. «New» factors of regional development - innovations and digitalization, do not yet have a significant impact on regional development due to their weakness. The quality of economic space is also affected by a significant reduction in interregional interaction in a stagnant economy.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Michail Nikolaev
AU  - Marina Makhotaeva
PY  - 2021
DA  - 2021/07/14
TI  - Economic Space Transformation in a Stagnant Economy
BT  - Proceedings of the 3rd International Conference Spatial Development of Territories (SDT 2020)
PB  - Atlantis Press
SP  - 38
EP  - 43
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210710.007
DO  - 10.2991/aebmr.k.210710.007
ID  - Nikolaev2021
ER  -