Vasilyev V.V. Formation of Points of Economic Growth as a Condition of Regional Cnanges

DOI: http://dx.doi.org/10.15688/jvolsu3.2015.4.21

Vadim Viktorovich Vasilyev
Candidate for a Degree, Department of Economic Theory and Economic Policy,
Volgograd State University
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Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation

Abstract. The existence of essential distinctions at levels of social and economic development of subjects of the Russian Federation actualizes a solution of the problem of coordinating the processes in regional economy, creating instruments of ensuring the advancing economic growth of depressive territories. In the article the concepts of regional economic growth are studied; classification of theories of regional growth by such directions as identification of the factors determining economic growth taking into account national and regional specifics and the analysis of conditions of their modulation is carried out. Prospects of the theory defining economic development on the basis of points of economic growth are proved. It is proved that in the conditions of application of the principles of the budgetary federalism in Russia, differentiations of profitable powers and account obligations between federal, regional and local authorities and, as a result, limitations of opportunities of use of administrative mechanisms of influence at all levels of management, need of forming the inter-budgetary policy moves to the forefront so that in the conditions of limitation of financial resources to develop major factors of production and to increase efficiency of the solution of the main objectives of regional policy.
Key words: economic growth, economic development, points of economic growth, factors of economic growth, regional economy, regional economic policy.

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