Template-Type: ReDIF-Article 1.0
Author-Name: Alexander I. Borodin
Author-Email: aib-2004@yandex.ru
Author-Workplace-Name: State University of the Ministry of Finance of the Russia, Moscow, Russia
Author-Name: Nataliya N. Kiselyova
Author-Email: kisnatasha@yandex.ru
Author-Workplace-Name: North Caucasus Institute — Branch of the Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk, Russia
Author-Name: Nataliya N. Shash
Author-Email: nshash@gumf.ru
Author-Workplace-Name: State University of the Ministry of Finance of the Russia, Moscow, Russia
Title: Dirigist Traps in Implementation of the Federal Target Programs and Development Institutes
Abstract: The article presents the experience of implementation of the Federal Target Programs within the territory of the North Caucuses Federal District and concludes that implementation of the dirigist model only does not ensure the desired result. It is proposed to focus the regional economic policy on development of the direct investment funds. Meanwhile, to take a region to the catching-up development curve requires a combination of the dirigist and institutional economic growth models.
Classification-JEL: R13, R58, H61, H68
Keywords: federal target programs, efficiency assessment, regional economic policy, dirigist growth model, institutional growth models, establishment of the development institutes, direct investment funds
Journal: Finansovyj žhurnal — Financial Journal
Pages: 5-16
Issue: 2
Year: 2012
Month: April
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2012/2/statii/2012_02_01.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:120201:p:5-16