Industrial Development of the Arctic Zone of the Russian Federation: Problems and Solutions

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Abstract

The importance of the Arctic as an economic zone of the country is emphasized in a number of legal acts and state programs. The aim of the paper is to analyze the current level of industrial development of the Arctic Zone of the Russian Federation (AZRF). The institutional approach, analysis of legal acts, statistical method and method of economic analysis were used in the research. The results of the study showed that, in general, the economy of the ASRF demonstrates positive development indicators. In comparison with 2015, six regions showed a positive increase in industrial production. The volume of innovative goods produced in the AZRF is growing, and the share of innovative goods produced in the AZRF in the total volume of innovative goods produced in Russia is also growing. In the future, the study can be used as a basis for proposals for the development of industrial and institutional policy of the region.

About the authors

Olesya I. Dontsova

Financial University under the Government of the Russian Federation

Email: oidontsova@fa.ru
Cand. Sci. (Econ.), Associate Professor; Associate Professor of the Academic Department of Economic theory, Leading researcher of the Institute Moscow, Russian Federation

Niyaz M. Abdikeev

Financial University under the Government of the Russian Federation

Email: nabdikeev@fa.ru
Dr. Sci. (Eng.), Professor, Director of the Institute of Financial and Industrial Policy Moscow, Russian Federation

Olga M. Abrosimova

Financial University under the Government of the Russian Federation

Email: omabrosimova@fa.ru
Intern Researcher at the Institute of Financial and Industrial Policy Moscow, Russian Federation

References

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