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Analysis of the Effect of Territories with Special Legal Regimes on the Regional Development of Russia: An Econometric Approach

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Studies on Russian Economic Development Aims and scope

Abstract

The formation of territories with special legal regimes of economic activity, including special economic zones, is considered as a trend in the acceleration of regional socioeconomic development. Factors are revealed that hinder the development of special economic zones. It is proposed to monitor the functioning of such territories, making it possible to identify factors that affect regional development. By the example of the special economic zone in St. Petersburg, the authors demonstrate the use econometric tools to assess the performance of territories with special legal regimes of economic activity.

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Notes

  1. The creation of SEZs in Kaliningrad and Magadan oblasts and the Republic of Crimea is regulated by separate federal laws.

  2. Note that the assessment of SEZ performance proposed in [13] is based on the analysis of individual absolute indicators or the calculation of the growth rates of some indicators characterizing the production and foreign-trade activity of SEZ residents, their investment activity and tax payments, and demand for labor. For more detail about the analysis of SEZ performance, see [14].

  3. The used data are comparable because they account for the temporary departure of the city of Lomonosov (hereinafter, the Lomonosovskii district of St. Petersburg) from the Petrodvortsovyi district from 1995 through 2004 (see St. Petersburg Government Resolution On the Reorganization of the Administration of the Petrodvortsovyi District of St. Petersburg (no. 46 of December 2, 2003). St. Petersburg. 1703–2003: Jubilee Stat. Sat / I.I. Eliseeva, E.M. Balashov, N.G. Bespalov et al. 1. SPb.: Shipbuilding, 2001. p. 40–41).

  4. Until 2004 inclusive, the data by the indicator “Volume of Industrial Production Output” were used. Starting from 2005, this indicator has not been calculated because in 2005 Petrostat introduced a new indicator, “The Volume of Own-Produced Goods Shipped and Own-Performed Jobs and Services” by types of economic activity—“Extraction of Commercial Minerals,” “Manufacturing,” and “Production and Distribution of Electric Energy, Gas, and Water.”

  5. Along the x axis, the initial values of explanatory variables are indicated (million rubles; for 1995–1997, billion rubles; in the prices of 2000); along the y axis, the values of resultant variables, calculated according to the models (see Table 3).

  6. The attribution of the residents of the St. Petersburg SEZ to large organizations is explained by their absence in the Unified Register of Small and Medium-Sized Businesses [28].

  7. Fixed investments consider not only budgetary funds but also private investments [23].

  8. ОK 029-2014 (NACE Ed. 2). OKVED (Russian National Classifier of Economic Activities) (approved by Rosstandard order no. 14-st of January 31, 2014).

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Authors and Affiliations

  1. Moscow State University, Moscow, Russia

    E. N. Lukash & E. M. Bukharova

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  1. E. N. Lukash
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  2. E. M. Bukharova
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Correspondence to E. N. Lukash.

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Translated by B. Alekseev

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Lukash, E.N., Bukharova, E.M. Analysis of the Effect of Territories with Special Legal Regimes on the Regional Development of Russia: An Econometric Approach. Stud. Russ. Econ. Dev. 30, 221–228 (2019). https://doi.org/10.1134/S1075700719020114

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