The Influence of a Special Legal Regime for Entrepreneurial Businesses on Economy of the Russian Far East

DOI

10.2991/aebmr.k.200312.016How to use a DOI?

Abstract

The rise of the Far East is a national priority for the entire XXI century. To develop enabling environment for doing business and attracting investments, the free economic zones with a special legal regime for entrepreneurial business – the territories of advanced social and economic development and the Free Port of Vladivostok have been established. By using empirical, theoretical and quantitative research methods, the author reflects on the pivot and preliminary results of the ongoing transformations of the legal regime for the entrepreneurship of the free economic zones within the framework of the institutional economics. The article gives an assessment of the quality characteristics of the “addressee” of the institutions analysed and shapes the average resident profile. The author makes a finding of signs of the positive impact of the free economic zones on the economic processes of the Far Eastern macro-region. The author’s point of view bases on the results of a quantitative assessment of such economic indicators as the volume and structure of consolidated budgets, tax revenues, direct investments and gross regional product. The author pays attention to the change in the structure of the consolidated budgets towards increasing the share of tax revenues and “investment breakthrough” of the macro-region entities. This is an evidence of the revitalization of economic agents and increase in the region’s investment attractiveness and, may indicate an increase in the efficiency of protecting property rights and enforcing contracts as the key incentives for private investors.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - M V Niyazova
PY  - 2020
DA  - 2020/03/17
TI  - The Influence of a Special Legal Regime for Entrepreneurial Businesses on Economy of the Russian Far East
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 109
EP  - 118
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.016
DO  - 10.2991/aebmr.k.200312.016
ID  - Niyazova2020
ER  -