Strategic Directions of Sustainable Regional Development in the Russian Federation based on Overcoming Labour Market Imbalances and Stimulating Internal Migration Flows

Elena Irekovna Yangirova, Azat Vazirovich Yangirov, Svetlana Irekovna Nasyrova and Elena Arkadevna Gafarova

With intensifying globalization, migration inflows and leveraging them for the development of a balanced labour market play an increasing role in ensuring stable spatial development of the Russian economy. Therefore, the issues of sustainable regional development should be addressed via a complex of measures including, in particular, a well-calculated migration policy with clearly set priorities. Therefore, this research is concerned with the assessment of the significance of demographic, social and economic factors exerting the biggest influence on the intensity of interregional migration processes in the whole mega space of the Russian Federation. For this goal, econometric modelling is conducted based on panel data including approximately 40 statistical indicators for 82 subject regions of the RF for 2011-2017. As a result, models of interregional migration are built based on a specification with fixed region and time effects of the type with an extended Cobb-Douglas function. The models allow to identify the coefficients of elasticity of interregional migration process intensity in the RF subject regions with respect to specific selected factors and to build a hierarchy of the most significant determinants. A number of factors recognized by other researchers as significant are found to exert a quite weak impact on migration processes, namely GRP per capita, fixed capital investment, regional economic structure, condition of housing stock, gender structure and debt loads of the population, crime rate. The results help to identify the following priority objects of state regulation based on the biggest potential effect for ensuring migration inflow and developing a balanced regional market with a view, eventually, to sustaining stable development of the RF regions, namely life expectancy, salary level, housing affordability; secondary vocational education system, unemployment level, poverty level, accessibility and quality of healthcare.

Volume 11 | 11-Special Issue

Pages: 131-137

DOI: 10.5373/JARDCS/V11SP11/20192939