The Dynamics of Regional Economic Growth and the Priorities of US Regional Economic Policy

Q4 Social Sciences

Perspectives on Federalism Pub Date : 2022-10-17 DOI:10.21686/2073-1051-2022-3-139-159

V. Minat

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引用次数: 0

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.

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区域经济增长的动态与美国区域经济政策的重点

促进区域经济增长的速度和结构的形成始终是联邦国家主体所追求的区域经济政策的基本目标之一。在区域经济制度的周期性发展和世界领导人- -美利坚合众国- -经济开始区域化的背景下，为刺激区域经济增长而选择优先事项的时空差异问题正变得更加紧迫。运用回归模型和经济统计的方法，分析了区域经济政策的主要工具对区域经济增长动态的影响，并预测了1961-2020年至2030年的区域经济增长动态。所获得的结果表明，在结合使用财政工具和结构性投资措施来调节经济增长方面，与分区域和该国个别州的发展水平有关，存在空间不对称性。委员会注意到在危机时期刺激区域经济增长的投资负担转移给最终消费者。从长期来看，选择性调控区域出口总量这一区域政策工具的作用越来越大，这表明美国各州和最大的市的经济体系发展正在从全球化向区域化过渡，以保持区域经济增长的步伐，同时改变其结构。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Perspectives on Federalism

CiteScore

0.10

自引率

0.00%

发文量

审稿时长

5 weeks

期刊介绍： Perspectives on Federalism is an Open Access peer-reviewed journal, promoted by the Centre for Studies on Federalism. This initiative follows the Bibliographical Bulletin on Federalism’s success, with an average of 15000 individual visits a month. Perspectives on Federalism aims at becoming a leading journal on the subject, and an open forum for interdisciplinary debate about federalism at all levels of government: sub-national, national, and supra-national at both regional and global levels. Perspectives on Federalism is divided into three sections. Along with essays and review articles, which are common to all academic journal, it will also publish very short notes to provide information and updated comments about political, economic and legal issues in federal states, regional organizations, and international organizations at global level, whenever they are relevant to scholars of federalism. We hope scholars from around the world will contribute to this initiative, and we have provided a simple and immediate way to submit an essay, a review article or a note. Perspectives on Federalism will publish original contributions from different disciplinary viewpoints as the subject of federalism requires. Papers submitted will undergo a process of double blind review before eventually being accepted for publication.