DOI:
https://doi.org/10.31063/2073-6517/2021.18-1.7
For citation:
Myslyakova, Yu. G., & Neklyudova, N. P. (2021). The Socio-Economic Genotype of a Region for More Efficient Development. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 18(1), 103-115, https://doi.org/10.31063/2073-6517/2021.18-1.7
Abstract:
The article proposes a theoretical approach to regional development based on the idea that each territory has its own unique socio-economic genotype. Socio-economic genotype is understood as a complex of cause-and-effect patterns of regional-level economic relationships, which determine this region’s characteristics and constitute its ‘inherited’ profile. Therefore, it is necessary to take into account the socio-economic genotype of a territory to make the regional development policy more efficient. The study discusses the underlying principles of regional development, in particular those that allow to take into account similarities or differences between territories and the industrial and social features they inherit from the past. These principles can also be used to stimulate regional development by reconciling the priorities of technological progress with socio-economic conditions in this or that region. The case of special economic zones in Ural region in 2010–2018 is used to demonstrate how the approach based on identifying a territory’s socio-economic genotype by formalizing its core can contribute to better detection of this territory’s strengths and weaknesses. The theoretical premises described in this research may be used to develop a mechanism for reconciling the needs of the region’s technological and spatial development on the meso- and macro-levels.