Journal of Siberian Federal University. Humanities & Social Sciences / Assessment of the Influence of Agglomeration Factors on the Economic Activity of the Angara-Yenisei Region

Full text (.pdf)
Issue
Journal of Siberian Federal University. Humanities & Social Sciences. 2023 16 (9)
Authors
Kolomak, Evgeniya A.
Contact information
Kolomak, Evgeniya A.: Institute of Economics and Industrial Engineering SB RAS Novosibirsk National Research State University Novosibirsk, Russian Federation;
Keywords
agglomeration effects; microeconomic analysis; enterprises; output; profit; empirical analysis; Angara-Yenisei region
Abstract

Agglomeration effects are an essential element of business decision-making on the location of projects, but in the eastern territories of Russia their significance and influence are questioned. The aim of the study was to obtain quantitative estimates of the impact of the agglomeration effects on the development of the Angara-Yenisei region. The study was based on information about enterprises presented in the SPARK-Interfax database for the period 2019–2020. The research method is an econometric analysis of the influence of the factor of remoteness from the regional capitals on the performance of the firm. Regression estimates for individual regions confirmed the importance of agglomeration effects for the profitability of enterprises in Krasnoyarsk krai only. Average estimates for enterprises of the entire Angara-Yenisei macro-region showed a significant contribution of the agglomeration effects to profit, reducing the distance to the regional center by 2 times increases profits by about 3 %. Confirmation of the significance the of agglomeration forces and their positive impact on the financial characteristics of business in the region are the arguments in favor of initiating and implementing public and private infrastructure projects that might improve the transport network and reduce barriers for the interaction of enterprises and population

Pages
1560–1566
EDN
GORDCZ
Paper at repository of SibFU
https://elib.sfu-kras.ru/handle/2311/151693

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