Year of Graduation
Relationships Between Investors and Regional Governance in Russia: Reasons for Opportunistic Behavior and Incentives for Cooperation
Redistributes the executive authorities of the share of GDP plays a key role in the growth of economic efficiency. Successful implementation of the strategy of innovative development of Russia is possible through a radical reform of the Russian education system. Terms of the allocation of scarce resources in society is not only one of the main factors of economic growth, but also the cause of social and psychological tension. The Chinese experience shows: economic growth in China has been the need for decentralization of powers and the interest of regional administrations in the development of their territory. Today in Russia there are positive transformation at the regional level of government. Low competence of the officials - a cornerstone in matters of governance. Institutional reforms are accompanied by a high level of substitution of the formal rules of informal norms. In terms of business matching and the power and the level of conflict in Russia is dominated by a model of state patronage. The regional authority controls business structures, sometimes resorting to pressure. Company preferential system ranks according to the degree of "loyalty" to the governor, the rapprochement with the authorities gives rise to corrupt motives. On the positive side: the government provides stability, solve social problems. Since 2013, the regions are implementing Regional Investment standard developed by the Agency for Strategic Initiatives. Adoption of the standard does not guarantee the flow of investment, but such institution contributes to the development of clear "game rules” between the regional authorities and investors. The regression analysis of panel data for the period of 83 Russian regions 2008-2014 suggests that in the relationship between investors and regional authorities in the Russia governor favorably contribute to growth in the number of entrepreneurs, leading business in the region, even if he chose a strategy of "rent-seeking" of controlled companies.