Financial support for the development of the northern territories of the country

This article studies the issues related to the economic development of the Lower Angara region located in Krasnoyarsk Territory, analyzes the state programs for the development of the Soviet and post-Soviet era territory, and makes an attempt to determine the reasons for the unsuccessful implementat...

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Main Authors: V. V. Prokhorov, I. P. Rozhnov, Yu. V. Erygin
Format: Article
Language:English
Published: Publishing House of the State University of Management 2023-07-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/4553
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author V. V. Prokhorov
I. P. Rozhnov
Yu. V. Erygin
author_facet V. V. Prokhorov
I. P. Rozhnov
Yu. V. Erygin
author_sort V. V. Prokhorov
collection DOAJ
description This article studies the issues related to the economic development of the Lower Angara region located in Krasnoyarsk Territory, analyzes the state programs for the development of the Soviet and post-Soviet era territory, and makes an attempt to determine the reasons for the unsuccessful implementation of it. Based on the conclusions made, a new approach to the socio-economic development of the area has been proposed. It consists in the application of a number of specialized industrial clusters on the territory. It is proposed to use bond financing for the financial basis of its formation. To substantiate it, the analysis of the current state of the national bond market in terms of volumes of issuance, maturity has been made and segments of the corporate bond market in the country have been considered. It is suggested that the use of an appropriate financial infrastructure would make the bond financing mechanism operation more effective.
format Article
id doaj-art-37da15e7545148d598b38ca1145f5a24
institution Kabale University
issn 1816-4277
2686-8415
language English
publishDate 2023-07-01
publisher Publishing House of the State University of Management
record_format Article
series Вестник университета
spelling doaj-art-37da15e7545148d598b38ca1145f5a242025-02-04T08:28:17ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-07-011617117610.26425/1816-4277-2023-6-171-1762820Financial support for the development of the northern territories of the countryV. V. Prokhorov0I. P. Rozhnov1Yu. V. Erygin2Reshetnev Siberian State University of Science and TechnologySiberian Federal UniversityReshetnev Siberian State University of Science and TechnologyThis article studies the issues related to the economic development of the Lower Angara region located in Krasnoyarsk Territory, analyzes the state programs for the development of the Soviet and post-Soviet era territory, and makes an attempt to determine the reasons for the unsuccessful implementation of it. Based on the conclusions made, a new approach to the socio-economic development of the area has been proposed. It consists in the application of a number of specialized industrial clusters on the territory. It is proposed to use bond financing for the financial basis of its formation. To substantiate it, the analysis of the current state of the national bond market in terms of volumes of issuance, maturity has been made and segments of the corporate bond market in the country have been considered. It is suggested that the use of an appropriate financial infrastructure would make the bond financing mechanism operation more effective.https://vestnik.guu.ru/jour/article/view/4553corporate bondsclusterlower angara regionbond financing mechanism, financial infrastructurebond market
spellingShingle V. V. Prokhorov
I. P. Rozhnov
Yu. V. Erygin
Financial support for the development of the northern territories of the country
Вестник университета
corporate bonds
cluster
lower angara region
bond financing mechanism, financial infrastructure
bond market
title Financial support for the development of the northern territories of the country
title_full Financial support for the development of the northern territories of the country
title_fullStr Financial support for the development of the northern territories of the country
title_full_unstemmed Financial support for the development of the northern territories of the country
title_short Financial support for the development of the northern territories of the country
title_sort financial support for the development of the northern territories of the country
topic corporate bonds
cluster
lower angara region
bond financing mechanism, financial infrastructure
bond market
url https://vestnik.guu.ru/jour/article/view/4553
work_keys_str_mv AT vvprokhorov financialsupportforthedevelopmentofthenorthernterritoriesofthecountry
AT iprozhnov financialsupportforthedevelopmentofthenorthernterritoriesofthecountry
AT yuverygin financialsupportforthedevelopmentofthenorthernterritoriesofthecountry