Current Trends in the Regional Economic Systems Development: Key Determinants of Economic Growth

The study of the composition and significance of factors that define the balance, quality, and continuity of economic growth of Russian regions will create the basis for designing a comprehensive system of their development in the future, considering current realities. The conducted SWOT highlighted “pain points” (weaknesses and threats), as well as strengths and opportunities that are available or potentially exist from the position of the list of key determinants that are determined within the given above framework. Most significant factors influencing the balance and quality of economic growth of mesoeconomic systems identification create opportunities for the concentration of efforts on the part of the federal level and regional authorities on the efficient and purposeful stimulation of the necessary components of the system and leveling existing threats. Regional changes are associated with economic and institutional determinants, which together define the conditions in regional and national aspects in the near future, as well as provide the basis for sustainable economic growth in the future and determine the prospects for obtaining advantages within a competitive environment.