ECONOMIC TERRITORY OF THE RUSSIAN FEDERATION IN THE SYSTEM OF EXOGENOUS INSTITUTIONAL SHOCKS

Abstract

The article deals with theoretical and methodological problems of institutional shocks impact on the Russian Federation economy. The theoretical approaches to the contents, features and types of economic shocks, peculiarities of regulation of national economy in the situation of shock pulses influence are systemized.
The primary focus is on institutional shocks, related with the change of the Russian Federation regulation in the open mode as the most topical problem of Russian economy in the context of joining the international trade system. The institutional shocks, which actions have a permanent character for the economy (connected with destabilizing effect of joining the World Trade Organization during the implementing period), and temporary shocks (caused by trade and economic sanctions and “anti-sanctions”) are defined. The transmission channels for effect of exogenous institutional shocks, which change conditions and a scale of foreign capital localization, as well as the investment climate and factors, which affect a mechanism of “absorption” of shock pulses are substantiated. The methodological approach to a typology of regions depen ding on a regional index of trade restrictions (tariff and non-tariff shelter regarding products, sold by the region,  gross regional product per capita is proposed; the peculiarities of typological groups of regions, associated with a level of diversity of the Russian Federation entities economy and a level of investment risk are revealed. The authors have made a conclusionthat perception of regions to exogenous institutional pulses is a weighty factor of the Russian economy stability in whole and is significant for grounding measures to regulate the economy.