“Justice Vs Efficiency” dilemma in the context of russia’s regional economic policy
Journal: Obshchestvo i ekonomika
Year: 2024

Deriving the necessity of regional economic policy from the market failure concept, the author, using D. Friedman’s center-periphery theory, justifies the fact of excessive socio-economic differentiation among the regions of the Russian Federation, which has a hindering rather than accelerating effect on long-term economic growth. The clear division of Russian regions as parts of the “center-periphery-semi-periphery” classification based on the classification of spatial policy theorists by G. Ca