MEASURING REGIONAL DEVELOPMENT DISPARITIES: SOME METHODOLOGICAL CONTRIBUTIONS AND EVIDENCE FROM ARMENIA AND SERBIA

Tigran MNATSAKANYAN

Ph.D. in Economics, Armenian State University of Economics

tigran.mnatsakanyan.am@gmail.com

Ruben HAYRAPETYAN

Doctor of Sciences in Economics, Professor, Armenian State University of Economics, City Councilor at Yerevan City Council

ruben_hayrapetyan@yahoo.com

Dejan MOLNAR

Ph.D. in Economics, Associate Professor, University of Belgrade – Faculty of Economics

dejan.molnar@ekof.bg.ac.rs

Abstract

There are manifestations of regional development disparities in almost every country, but this phenomenon is especially dangerous in those countries that have only one “center of gravity”. Significantly more developed capital can transform itself from “center of gravity” to a “black hole” by emptying the potential of the regions. To prevent such a destructive scenario, it is firstly necessary to disclose the roots of regional development disparity, and the reasons for its subjective perception. Without these steps, any intervention, policy, or measure taken or implemented by the state can aggravate further disproportion or at least be ineffective. Only after discovering the above-mentioned roots, it will become possible to develop a comprehensive strategy for overcoming regional disproportionate development and derive from it a complex of effective measures. All these goals are intended to be achieved within the framework of the research funded by the Science Committee of the Ministry of Education, Science, Culture and Sports of the Republic of Armenia within the support program for young researchers (project code: 19YR-5B038). This paper focuses mainly on discussion of regional disparity measurement tools and development of a tool appropriate not only for accurate measurements, but also for serving as a motivational tool for authorities. Calculations have been made for Armenia and Serbia, taking into consideration several key similarities of economic, social, and cultural nature, which have significantly influenced the perception of local governance and role of communities, as well as the mindset toward socioeconomic processes in general.

Keywords: regional development, regional disparity, measurement, development indicator, governance

JEL classification: H700, H770, H830, R500, R580

 pp. 327-348

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ON THE ISSUE OF EFFECTIVE ECONOMIC POLICY IN REGION UNDER LEASING

Daniya A. PLESHANOVA

Postgraduate student of department of economic theory. Volga State University of Technology,  Russia, Yoshkar-Ola

fup@volgatech.net

Tatiana V. YALYALIEVA

Candidate of Economic Sciences, e Professor of the Department of Management and Law, Volga State University of Technology, Russia, Yoshkar-Ola

yal05@mail.ru

Abstract

In the case of Mari El Republic the issues of creating an effective leasing policy in the region are revealed.  The economic indicators are identified and can indirectly determine the effectiveness of leasing and its impact on regional economic development.  Under certain indicators in financial statements of AO “Rosagroleasing” lessees it was conducted an analysis of companies, successfully acquiring property in leasing and the enterprises without effective dispose of leasing property.  For the identification of shortcomings, it was proposed to conduct a series of the activities that could improve leasing business in region and the influence on growth of the economic potential in Mari El Republic.

Keywords: Leasing, investment, regional development, investment policy and leasing in the agriculture

JEL classification: R11, O1, O2, H83
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THE ROLE OF SOCIAL CAPITAL IN REGIONAL DEVELOPMENT

Athanasios PAPADASKALOPOULOS

Professor, Panteion University, Athens, Greece ,Regional Development Institute

pdask@panteion.gr

Panagiotis NIKOLOPOULOS

PhD Candidate, Panteion University, Athens, Greece

p.g.nikolopoulos@panteion.gr

Abstract

The role of social capital in the development process is rendered essential by the intervention of local authorities, local initiatives, relations and networking. In this article is attempted the association of the means of social capital, such as the information transfer, relations of trust, networking, and cooperation, with the main instruments of regional policy, which endogenous growth strategy utilises. Instruments, such as industrial districts, technological parks, local productive systems, business clusters, creative cities, etc. are based on the utilisation of local social capital, which is a prerequisite for a viable application of the endogenous growth and local development policies. The aim of this paper is to examine the relation between endogenous growth and social capital in the configuration of a local development strategy.

Keywords: social capital, economic development, regional development, endogenous growth, local development

JEL classification: O10, R10, Z13
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