The Dynamics of Regional Economic Growth and the Priorities of US Regional Economic Policy
https://doi.org/10.21686/2073-1051-2022-3-139-159
Abstract
Stimulation of the pace and formation of the structure of regional economic growth is invariably one of the fundamental goals of the regional economic policy pursued by the subjects of the federal state. In the context of the cyclical development of regional economic systems and the beginning of the regionalization of the economy of the world leader – the United States of America - the problem of spatial and temporal differentiation of the choice of priorities to stimulate regional economic growth is becoming more urgent. Using the methods of regression modeling and economic statistics, an analysis was made of the influence of the main instruments of regional economic policy on the dynamics of regional economic growth over a long period of time 1961–2020 and forecast up to 2030. The obtained results revealed spatial asymmetries in the combination of the use of fiscal instruments and structural investment measures to regulate economic growth, associated with the level of development of subregions and individual states of the country. The transfer of the investment burden to stimulate regional economic growth in times of crisis to the end consumer is noted. The article substantiates the increasing role of such an instrument of regional policy as the selective regulation of aggregate regional export in the long term, indicating the transition from globalization to regionalization of the development of the economic systems of the states and largest municipalities of the United States to maintain the pace of regional economic growth while changing its structure.
About the Author
V. N. Minat
Federal State Budgetary Educational Institution Higher Education “Kostychev Ryazan State Agrotechnological Institute University”
Russian Federation
Russian Federation
Minat Valery N., Cand. Sc. (Geography), Associate Professor, Associate Professor of the Department of Economics and Management
1, Kostycheva Str., Ryazan, 390044
References
1. Ghali M. Empirical Explorations in Regional Growth. Boston: Martinus Nijhoff Publishing, 1981, 164 p. DOI: 10.1007/978-94-009-8156-0
2. Isaev A.G. Ekonomicheskii rost rossiiskikh regionov: ekzogennye i endogennye istochniki [Economic Growth of Russian Regions: Exogenous and Endogenous Sources]. Khabarovsk, IEI DVO RAN, 2022, 208 p. (In Russ.).
3. Block F. Swimming Against the Current: The Rise of a Hidden Developmental State in the United States, Politics and Society, 2008, Vol. 36, No. 2, pp. 169–206.
4. Regional’naia politika: zarubezhnyi opyt i rossiiskie realii [Regional Policy:Foreign Experience and Russian Realities], edited by A.V. Kuznetsova, O.V. Kuznetsovoi. Moscow, IMEMO RAN, 2015, 137 p. (In Russ.).
5. Volodin A.A. Ekonomika i mestnye organy vlasti [Economy and Local Authorities]. Moscow, Nauka, 1984, 143 p. (In Russ.).
6. Dye T. Politics in states and communities. Gainesville, Florida State University, 1981, 363 p.
7. Baicker K., Clements J. The Rise of the States: US Fiscal decentralization in the Postwar period. Cambridge, Harvard University Press, 2011.
8. Shtoiunda E.M. Federalizm epokhi global’noi turbulentnosti [Federalism in the Era of Global Turbulence], SShA & Kanada: ekonomika, politika, kul’tura [USA &anada: Economics, Politics, Culture], 2021, Vol. 51, No. 4, pp. 54–72. DOI: 10.31857/S268667300014339-2 (In Russ.).
9. Gligich-Zolotareva M.V. Na poroge novoi regionalizatsii [On the Threshold of New Regionalization], Federalizm [Federalism], 2021, Vol. 26, No. 1 (101), pp. 165–186. DOI: 10.21686/2073-1051-2021-1-165-186 (In Russ.).
10. Nijkamp P., Poot J. Spatial Perspectives on New Theories of Economic Growth, The Annals of Regional Science, 1998, Vol. 32, Issue 1, pp. 7–37. DOI: 10.1007/s001680050061
11. Mezoekonomika razvitiia [Mesoeconomics of Development], edited by G.B. Kleinera. Moscow, Nauka, 2010, 994 p. (In Russ.).
12. Harvey D. Spaces of Global Capitalism: Towards a Theory of Uneven Geographical Development. London, New York, Verso, 2006, 156 p.
13. Piketti T. Kapital v XXI veke [Capital in the XXI Century], translated from English. Moscow, Ad Marginem Press, 2015, 592 p. (In Russ.).
14. Total State and Local Business Taxes State-By-State Estimates for FY20 October 2021. Available at: https://www.cost.org/globalassets/cost/state-tax-resources-pdf-pages/cost-studies-articles-reports/2108-3843085_50-state-tax-2021-final.pdf
15. ProQuest Statistical Abstract of the United States 2021: The National Data Book. Ann Arbor, Rowman & Littlefieldt, 2022, 1024 p.
16. Minat V.N. Mezoekonomicheskoe modelirovanie strukturnykh sdvigov promyshlennosti SShA: otraslevaia i prostranstvennaia sostavliaiushchie [Mesoeconomic Modeling of Structural Shifts in the US Industry: Sectoral and Spatial Components], Ekonomicheskaia nauka sovremennoi Rossii [Economic Science of Modern Russia], 2022, No. 1 (96), pp. 94–109. DOI: 10.33293/1609-1442-2022-1(96)-94-109 (In Russ.).
17. Maiklz E., Khendfild-Dzhons Kh. Voina za talanty [War for Talent], translated from English. Moscow, Mann, Ivanov i Ferber, 2005, 288 p. (In Russ.).
18. Minat V.N. Regionalizatsiia razvitiia chelovecheskogo kapitala i regional’naia innovatsionnaia politika SShA [Regionalization of Human Capital Development and Regional Innovation Policy of the USA], Federalizm [Federalism], 2021, Vol. 26, No. 3 (103), pp. 169–191. DOI: 10.21686/2073-1051-2021-3-169-191 (In Russ.).
19. Grigor’ev L.M., Grigor’eva N.L. SShA: ekonomika i sotsial’naia struktura pered smenoi epoch [USA: Economy and Social Structure Before the Change of Eras], Voprosy ekonomiki [Questions of Economics], 2021, No. 1, pp. 98–119. DOI: 10.32609/0042-8736-2021-1-98-119 (In Russ.).
20. Hagiu A., Wright J. When Data Creates Competitive Advantages and when it doesn’t, Harvard Business Review, 2020, January-February. Available at: https://hbr.org/2020/01/when-data-creates-competitive-advantage
21. Porokhovskii A.A. Rynochnyi mekhanizm amerikanskoi ekonomiki: rol’ tsifrovizatsii [The Market Mechanism of the American Economy: The Role of Digitalization], SShA & Kanada: ekonomika, politika, kul’tura [USA & Canada: Economics, Politics, Culture], 2020, Vol. 50, No. 5, pp. 24–38. DOI: 10.31857/S268667300009424-6 (In Russ.).
22. Chudinova K.O. Transformatsiia global’nykh tsepochek sozdaniia stoimosti v usloviiakh pandemii COVID-19: resheniia i strategii amerikanskikh MNP [Transformation of Global Value Chains in the Context of the COVID-19 Pandemic: Solutions and Strategies of American MNEs], Obshchestvennye nauki i sovremennost’ [Social Sciences and Modernity], 2021, No. 3, pp. 59–74. DOI: 10.31857/S086904990014445-1 (In Russ.).
23. Vasil’ev V.S. Osobennosti ekonomicheskogo tsikla v SShA (2019–2020 gg.) [Features of the Economic Cycle in the USA (2019–2020)], Rossiia i Amerika v XXI veke [Russia and America in the XXI Century]. (In Russ.). Available at: https://rusus.jes.su/s207054760005278-2-1. DOI: 10.18254/S207054760005278-2
Review
For citations:
Minat V.N. The Dynamics of Regional Economic Growth and the Priorities of US Regional Economic Policy. Federalism. 2022;27(3):139-159. (In Russ.) https://doi.org/10.21686/2073-1051-2022-3-139-159
Views:
839
Email this article 