OPPORTUNITIES AND LIMITATIONS OF REGIONAL AUTHORITIES’ USE OF PUBLIC ADMINISTRATION TOOLS FOR ECONOMIC DEVELOPMENT

Galina Yakovlevna BELYAKOVA

Dr. habil. in Economics, Professor, Institute of Economics, Management and Nature Management, Siberian Federal University

vorobieva.t.n@yandex.ru

Tatyana Nikolaevna VOROBYEVA

Ph.D. Candidate (Economics), Reshetnev Siberian State University of Science and Technology, Auditor of the Accounting Chamber of the Krasnoyarsk Krai

vorobieva.t.n@yandex.ru

Abstract

The article outlines the authors’ understanding of the formulation of the regional economic policy. Within the framework of the research, the authors examine regional authorities’ willingness to successfully implement the strategic goals of economic development. The methodological basis of the systematic, logical, and comparative analysis allows examining the opportunities and limitations of regional authorities’ influence on the development of the regional economy. The article highlights the need for improving the existing instruments of public administration (state regulation) that can contribute to the development of the economy. In this regard, the authors emphasize the problem of defining sectoral and consolidated registers of public authorities’ regulatory competencies involved in the constituent entities of the Russian Federation, and the formation of the state regulatory policy. The practical significance of the article is related to the possibility of using the research results to enhance regional authorities’ capabilities to influence the development of the economy.

Keywords: public administration instruments; regional economic development; public administration effectiveness

JEL classification: R58, R1, R5, R11, O1, O2, H83, H70
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