On Scenarios of Development of the Arctic Economy and Navigation

— The article assesses the scenarios for the implementation of the northern vector of economic development of the Russian Federation. At the same time, the question of the role of the Northern Sea Route in the national economy is being raised: it will serve as a latitudinal transport coridor or arte...

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Bibliographic Details
Published in:Studies on Russian economic development 2020-09, Vol.31 (5), p.514-521
Main Authors: Pankova, Yu. V., Tarasova, O. V.
Format: Article
Language:English
Subjects:
Differentiation
Economic development
Economics
Economics and Finance
Exports
International Economics
Macroeconomic Problems
Navigation
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Summary:— The article assesses the scenarios for the implementation of the northern vector of economic development of the Russian Federation. At the same time, the question of the role of the Northern Sea Route in the national economy is being raised: it will serve as a latitudinal transport coridor or artery, ensuring the redevelopment of the Arctic zone of the Russian Federation. On the basis of the input-output model, spatial forecasts of the country’s economic development until 2030 are obtained in three versions: with the inertial development of the NSR, with an increase in international transit, and with its addition of export supplies of mineral raw materials mined in the Russian Arctic. It is shown that the implementation of a complex of mining projects will lead to a positive national economic effect for the country as a whole. However, this will entail the strengthening of the export–raw material model of economic development, the growth of interregional differentiation in terms of investment in fixed assets.
ISSN:1075-7007
1531-8664
DOI:10.1134/S1075700720050147