Identification of Modern Industry Specialization of Far East Regions

Abstract

One of the factors that determines the strategic directions of the socio-economic development of the region is its industry specialization and the industry priorities formed on its basis. However, in strategic documents both at the federal and regional levels, the results of attempts to determine the priorities of industrial development of territories, including the Far East, contain methodological and substantive gaps. The first step towards the formation of priorities for regional industrial development includes the search and identification of the current portfolio of specialization. In this article the authors identified the current industry specializations of 11 regions of the Far Eastern Federal District, assessed the level of development of industries and characterized the regionals industry portfolios, using the approach of the Russian Cluster Observatory and Rosstat data for 2019–2021. It is determined that the specialization of the Far East is formed by 29 industries. These industries employ 34.5% of workers of the Far Eastern Federal District. The most widespread and developed ones are «Metal Mining» and «Coal Mining». The regions of the Far Eastern Federal District are «specialized» (not «multi-industry»), because they have small industry portfolios. The regions differ significantly in the number of specializations: the maximum — in the Republic of Sakha (Yakutia) (16 units), the minimum — in the Kamchatka Krai (5). The results of this research can be the basis for further determining the industry priorities (perspective industries of specialization) in the regions of the Far East in the framework of improving the provisions of strategic planning documents at the federal and regional levels.