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Evaluation of the impact of public investment programs on social and economic performance of territories
https://doi.org/10.32609/0042-8736-2019-1-109-123
Abstract
The purpose of this study is to evaluate the impact of public investment programs on the socio-economic development of territories. As a case, the federal target programs for the development of regions and investment programs of the financial development institution — Vnesheconombank, designed to solve the problems of regional development are considered. The impact of the public interventions were evaluated by the “difference in differences” method using Bayesian modeling. The results of the evaluation suggest the positive impact of federal target programs on the total factor productivity of regions and on innovation; and that regional investment programs of Vnesheconombank are improving the export activity. All of the investments considered are likely to have contributed to the reduction of unemployment, but their implementation has been accompanied by an increase in social inequality.
About the Authors
I. E. Limonov
National Research University Higher School of Economics in St. Petersburg;International Centre for Social and Economic Research “Leontief Centre”
Russian Federation
Russian Federation
Leonid E. Limonov
St. Petersburg
M. V. Nesena
National Research University Higher School of Economics in St. Petersburg;International Centre for Social and Economic Research “Leontief Centre”
Russian Federation
Russian Federation
Marina V. Nesena
St. Petersburg
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For citations:
Limonov I.E., Nesena M.V. Evaluation of the impact of public investment programs on social and economic performance of territories. Voprosy Ekonomiki. 2019;(1):109-123. (In Russ.) https://doi.org/10.32609/0042-8736-2019-1-109-123
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