Journal section "Public finances"

Financial Balances of Territories as a Tool for Modeling the Effectiveness of Spatial Development

Zakharchuk E.A., Pasynkov A.F.

Volume 16, Issue 5, 2023

Zakharchuk E.A., Pasynkov A.F. (2023). Financial balances of territories as a tool for modeling the effectiveness of spatial development. Economic and Social Changes: Facts, Trends, Forecast, 16(5), 101–116. DOI: 10.15838/esc.2023.5.89.6

DOI: 10.15838/esc.2023.5.89.6

Abstract   |   Authors   |   References
The spatial development of the Russian Federation has been actively discussed virtually since the formation of modern statehood. The institutionalization of the problem of single-industry towns in 2014 and the adoption of the Spatial Development Strategy of the Russian Federation in 2019 gave a new impetus to such discussions. However, despite a significant amount of research, the issues concerning the effectiveness of spatial development decisions at the level of macro-regions, urban agglomerations and single-industry towns have not been sufficiently worked out; this fact determines the relevance of the work. The aim of our study is to substantiate the tools for assessing the effectiveness of spatial development for various territorial entities. The novelty of the research lies in the methodological substantiation of the use of the System of National Accounts (SNA) for the formation of financial balances of territories at various levels, which in the future can become a single tool for modeling the effectiveness of spatial development. It is proved that the most accurate tool to determine the relationships between regions and evaluate the effectiveness of decisions for macroregions can be the creation of interregional input-output tables, for urban agglomerations – the development of individual and combined financial balances of municipalities, for single-industry towns – the development of tables for the formation, redistribution and use of financial resources, with the allocation of channels for the outflow/inflow of flows. The article, providing an example of the practical application of the proposed approaches, presents the financial balances of several single-industry towns of the Sverdlovsk Oblast for 2020 in the context of institutional sectors of the economy (“Corporations”, “Public Administration”, “Households”). According to the analysis of the data obtained, we see that the construction of financial balances made it possible to clearly identify the existing imbalances in the economic development of the territories: the Ural Mining and Metallurgical Company (UGMK) has a great influence on financial flows in Urban Okrug Verkhnyaya Pyshma; financial resources are being actively withdrawn from the Kamensk-Uralsky Urban Okrug by corporations and the population; financial balances in Severourasky Urban Okrug show a classic picture of a single-industry town with crisis phenomena. The findings of the study can be used to develop a full-fledged system for modeling the effects of spatial development of various territories of the Russian Federation


spatial development, single-industry towns, system of national accounts, urban agglomerations, System of National Accounts, financial balances, macroregions

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