Svetlana Panikarova, Maxim Vlasov / Montenegrin Journal of Economics, Vol. 11, No. 2 (2015), 101-111 Montenegrin Journal of Economics Vol. 11, No. 2 (2015), 101-111 ‘ Characteristics of the Economic Development of the Multi-Ethnic Regions of Russia Svetlana Panikarova1, Maxim Vlasov2 1 Professor, Ural Federal University named after the first President of Russia B. N. Yeltsin, Ekaterinburg, Russia, E- mail:
[email protected] 2 Docent, Ural Federal University named after the first President of Russia B. N. Yeltsin, Ekaterinburg, Russia, Senior Fellow at the Centre of Economic Theory Institute of Economics, Ural Branch of the Russian Academy of Sciences, Ekaterinburg, Russia, E-mail:
[email protected] ARTICLE INFO ABSTRACT Received May 27, 2015 Authors some features socially - economic development of multi- Received in revised from - ethnic regions of the Russian Federation presented in article. Based Accepted October 16, 2015 on the analysis of regional statistics data authors showed that mul- Available online 30 Dec. 2015 tiethnic regions lag behind the average Russian level on the main socio-economic indexes. Results of research also proved that tradi- JEL classification: tional and agricultural types of economic activity prevail in these R11, R58 regions for the reason that endogenous and exogenous factors work. The author's statement about unacceptability of application of DOI: industrial methods of regional economic development to multiethnic 10.14254/1800-5845.2015/11-2/6 regions is proved. Keywords: Economic development, Multi-ethnic regions, Competitiveness differentiation of regional development 1. INTRODUCTION The high level of inter-regional differentiation in all key economic and social characteristics, which is so distinctive of Russia, is largely due to natural differences, the geographical evolution of the Russian state, the stage of economic development of the country and the outcomes of the preceding period.