| In the section | From the Chief Editor |
| Title of the article | Political Value of Expectations in Economy |
| Pages | 7-23 |
| Author |
Pavel Aleksandrovich Minakir Academician RAS, Doctor of Economics, Professor, Research Supervisor Economic Research Institute FEB RAS 153 Tikhookeanskaya St., Khabarovsk, 680042, Russian Federation This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-5451-5662 |
| Abstract | The author regards the interconnection between the expectations from the implementation of a new economic policy as concerns the Far Eastern Federal District and changes in the traditional political behaviour in the region. It is shown that defiant deliberateness of executing legal procedures is only a trigger for turning the political inertia into civil protests. The hypothesis is made that the cause for such a transformation is the accumulated negative expectations. Tendencies for formation of positive economic expectations as concerns the economic development, improvement of the level and quality of life in Far Eastern Russia, are outlined. Economic and institutional parameters of state programs and regulatory documents have been analyzed that determine the intensity and vector in the expectations of the people and the regulatory authorities. It is demonstrated that the parameters of expectations of these aggregates are diverse. The discrepancies between the program and actual indicators of the state program as to macro economic (i.e. describing the unbiased change in the regional development conditions) and regulatory (based on a list of ‘intentions’), are revealed. It is explained why satisfactory effects in the implementation of regulatory intentions do not generate the response in shape of accelerating economy dynamics, improving the socio-economic development of the region, growth of the quality of life and actual resident population stability. The assumption is made that a lack of formation of such a response is generating the transformation of positive expectations into negative ones that leads to the emergence of the spatially localized ground for a cardinal change from political inertia to protest behavior |
| Code | 332.14+338.26 |
| JEL | D72, E61, R58 |
| DOI | https://dx.doi.org/10.14530/se.2020.3.007-023 |
| Keywords | economic expectations ♦ state program of development ♦ institutional havens ♦ investments ♦ personal income ♦ political behavior |
| Download | |
| For citation | Minakir P.A. Political Value of Expectations in Economy. Prostranstvennaya Ekonomika = Spatial Economics, 2020, vol. 16, no. 3, pp. 7–23. https://dx.doi.org/10.14530/se.2020.3.007-023 (In Russian) |
| References | 1. Gross Domestic Product. Federal State Statistics Service, 2019. Available at: (accessed June 2020). (In Russian). 2. Kork B. Furgal. Cause or Occasion? Ekspert [Expert], no. 30 (1171), 2020, 20 July. Available at: (accessed July 2020). (In Russian). 3. Message of the President of the Russian Federation to the Federal Assembly. 12 December, 2013. Available at: (accessed August 2020). (In Russian). 4. Minakir P.A. Russian Far East and Baikal Region on the Eve of Reform: A Concept of Transition to Market. Prostranstvennaya Ekonomika = Spatial Economics, 2017, no. 1, pp. 11–48. (In Russian). 5. On Amendments to Certain Acts of the Government of the Russian Federation: Resolution of the Government of the Russian Federation of 29 March, 2019 No. 361 (On Changing the Name of the State Program of the Russian Federation ‘Socio-Economic Development of the Far Eastern Federal District’). Available at: (accessed June 2020). (In Russian). 6. On Amendments to the Rules for Granting Subsidies from the Federal Budget to Air Transport Organizations in Order to Ensure the Availability of Air Transport to the Population: Decree of the Government of the Russian Federation of 18 November, 2019 No. 1466. Available at: (accessed July 2020). (In Russian). 7. On Approval of the State Program of the Russian Federation ‘Socio-Economic Development of the Far East and the Baikal Region’: Resolution of the Government of the Russian Federation of 15 April, 2014 No. 308. Available at: (accessed July 2020). (In Russian). 8. On Approval of the Terms of the Far Eastern Mortgage Program and Amendments to the Order of the Government of the Russian Federation of 02 September, 2015 No. 1713-R: Decree of the Government of the Russian Federation of 07 December 2019, No. 1609. Available at: (accessed June 2020). (In Russian). 9. On Definition of the Subject of the Wholesale Market of Electric Energy (Capacity) which is Applied a Surcharge to the Price for Power: The Decree of the RF Government from 28 July, 2017 No. 1614-R. Available at: (accessed June 2020). (In Russian). 10. On Electric Power Industry: Federal Law of the Russian Federation of 26 March, 2003 No. 35-FZ. Available at: (accessed July 2020). (In Russian). 11. On Reaching the Basic Levels of Prices (Tariffs) for Electric Energy (Capacity) in the Territories of the far Eastern Federal District): Decree of the Government of the Russian Federation of 28 July, 2017 No. 895. Available at: (accessed June 2020). (In Russian). 12. On Setting the Basic Level of Prices (Tariffs) For Electric Energy (Capacity) for the Subjects of the Russian Federation that are Part of the far Eastern Federal District for 2017: Decree of the Government of the Russian Federation of 28 July, 2017 No. 1615-R. Available at: (accessed June 2020). (In Russian). 13.. On Special Administrative Regions in the Territories of the Kaliningrad Region and Primorsky Territory: Federal Law of the Russian Federation of 03 August, 2018 No. 291-FZ. Available at: (accessed June 2020). (In Russian). 14. On Territories of Advanced Socio-Economic Development in the Russian Federation: Federal Law of the Russian Federation of 29 December, 2014 No. 473-FZ (Article 32). Available at: (accessed July 2020). (In Russian). 15. On the Free Port of Vladivostok: Federal Law of the Russian Federation of 13 July, 2015 No. 212-FZ. Available at: (accessed July 2020). (In Russian). 16. On the Specifics of Granting Citizens Land Plots that are in State or Municipal Ownership and Located on the Territories of Subjects of the Russian Federation that are Part of the Far Eastern Federal District, and on Amendments to Certain Legislative Acts of the Russian Federation: Federal Law of the Russian Federation of 01 May 2016, No. 119-FZ. Available at: (accessed July 2020). (In Russian). 17. Russian Statistical Yearbook 2019. Federal State Statistics Service, 2019. Available at: (accessed July 2020). (In Russian). 18. Socio-Economic Situation of Federal Districts in 2019. Federal State Statistics Service, 2019. Available at: (accessed June 2020). (In Russian). 19. The Regions of Russia. Socio-Economic Indicators. 2010–2019. Rosstat, 2020. Available at: (accessed June 2020). (In Russian). 20. The Russian Far East: On the Way to Future. Edited by P.A. Minakir. Economic Research Institute FEB RAS. Khabarovsk: ERI FEB RAS, 2017, 395 p. (In Russian). |
| Submitted | 10.08.2020 |
| Revised | 01.09.2020 |
| Published online | 30.09.2020 |