In response to external shocks : How advanced Russian regions react to changes in federal policies : Experience of Tatarstan

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dc.contributor Suomen Pankki
dc.contributor Bank of Finland Yakovlev, Andrei Freinkman, Lev Makarov, Sergey Pogodaev, Victor 2017-12-21T11:32:23Z 2017-12-21T11:32:23Z 2017
dc.identifier.issn 2342-205X
dc.description.abstract Tight budget constraints confronting the Russian authorities since the 2008 crisis urge the federal government to adjust the traditional system of its relations with the regions. The paper presents the case of the Republic of Tatarstan (RT) to analyze potential regions’ response to the emerging, considerably harsher “rules of the game.” Our main conclusion is that Tatarstan and other stronger Russian regions can take advantage of the current crisis for transitioning to a new economic development model resembling developmental states in Southeast Asia. This conclusion draws on analysis of the strategies recently implemented by the RT elites in response to external shocks the republic had to cope with in the post-Soviet period. Special focus is on identifying key factors that helped the republic successfully tackle the previous shocks, such as effective mechanisms of aligning the interests of the main regional elite groups and forming a consensus regarding the republican developmental priorities and the instruments for their attainment. The actual prospects for the formation of a developmental state model in Tatarstan will depend upon the success of the current regional elite in finding a consolidated response to new challenges facing the republic in recent years, as well as the constructiveness of the federal policy towards the regions. One of specific obstacles for Tatarstan to follow on Asian experience of catching up relates to a need to accelerate opening up of the regional economy for new, domestic and foreign, players.
dc.format.extent 31
dc.relation.ispartofseries BOFIT Policy Brief
dc.subject Bofit-kokoelma
dc.subject SP
dc.subject RP ST
dc.subject Venäjä
dc.subject alueet
dc.subject kehitys
dc.subject.other elite consolidation
dc.subject.other regional development
dc.subject.other developmental state
dc.subject.other catching-up developmental model
dc.subject.other Tatarstan
dc.subject.other Russia
dc.title In response to external shocks : How advanced Russian regions react to changes in federal policies : Experience of Tatarstan
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-201712211718
dc.subject.jel O25
dc.subject.jel O43
dc.subject.jel P25
dc.subject.jel P35
dc.subject.jel R58 BOFIT Policy Brief
dc.series.year 2017
dc.series.number 10/2017
dc.series.sortingnumber 0010 21.12.2017
dc.contributor.orgunit Siirtymätalouksien tutkimuslaitos (BOFIT)
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.type.okm D4

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