Effectiveness of State Support in Stimulating Regional Socio-Economic Development: A Comparison of Russia and the United States

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Abstract

This article examines the effectiveness of government support in stimulating regional socio-economic development, using Russia and the United States as examples. The study is based on the analysis of economic indicators, government programs, and their influence on socio-economic processes in the regions of both countries. The research reveals significant differences in strategies and policies of government support, as well as their consequences for regional development. The findings allow conclusions to be drawn regarding the variations in approaches to government support and their impact on regional development in Russia and the United States. Furthermore, it provides insights into how these differences affect the achievement of development goals in regions and identifies the factors that contribute to or hinder the effectiveness of government programs.

About the authors

Pavel Andreevich Kiselev

Patrice Lumumba Peoples' Friendship University of Russia (RUDN University)

Author for correspondence.
Email: 1032220736@rudn.ru

Master's student

117198, Moscow, Miklukho-Maklaya str., 6

Oksana Vladimirovna Savchina

Patrice Lumumba Peoples' Friendship University of Russia (RUDN University)

Email: savchina-ovl@rudn.ru
ORCID iD: 0000-0003-3568-576X
SPIN-code: 9404-8615
Scopus Author ID: 57219021990

PhD, Associate Professor, Associate Professor of the Department of Finance and Credit at the Faculty of Economics

Patrice Lumumba Peoples' Friendship University of Russia (RUDN University)

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