Creating financial mechanisms for enacting the monotowns revitalization strategy

The article provides an analysis of a study focused on crafting financial mechanisms to enact the monotown revitalization strategy. Monotowns marginalized within the economic development landscape encounter multifaceted challenges, including demographic decline, elevated unemployment rates, and degradation of social infrastructure. Consequently, the formulation of efficient financial mechanisms emerges as imperative for their resurgence. The objective of this study is to formulate efficient financial mechanisms to facilitate the implementation of monotown revitalization strategies. This entails a comprehensive examination of the existing conditions within monotowns, encompassing the identification of pertinent challenges and potential avenues for development. Additionally, the study aims to devise financial strategies and instruments geared towards fostering both economic advancement and social progress within these locales. Scientifically, the significance of this research resides in the conception of novel financing paradigms tailored specifically for monotowns, thereby fostering their sustainable development. Practically, the research holds relevance in its potential application, as the developed mechanisms stand poised for utilization by governmental and municipal entities in the execution of monotown revival initiatives. Consequently, this investigation contributes substantively to the realm of regional development management and financial planning. Its findings are poised to offer utility to governmental bodies, corporate entities vested in the enhancement of regional infrastructural frameworks and the rejuvenation of monotowns.

1. Novokshonova E.N., Najdenova T.A. (2020) Finansovyj mehanizm podderzhki mnogoprofil'nyh municipal'nyh obrazovanij // Vestnik Altajskoj akademii jekonomiki i prava. No. 2. P. 61–69. (In Russian).

2. Nedoseka E.V., Karbainov N.I. (2020) «Umiranie» ili «novaja zhizn'» monogorodov (na primere social'no-jekonomicheskoj adaptacii zhitelej monoprofil'nyh poselenij Severo-Zapada Rossii) // Arktika i Sever. No. 41. P. 163–181. (In Russian).

3. Malhotra N.K. (2020) Marketing research: An applied orientation // Pearson. (In English).

4. Kutergina G.V., Lapin A.V. (2015) Upravlenie razvitiem monogorodov: otechestvennye i zarubezhnye podhody k modelirovaniju // Vestnik Permskogo universiteta. No. 3(26). P. 69–77. (In Russian).

5. Bozhko L.L., Leskova L.G. (2015) Sovershenstvovanie metodologicheskih podhodov k upravleniju razvitiem monogorodov v Respublike Kazahstan // Municipalitet: jekonomika i upravlenie. P. 17–26. (In Russian).

6. Roumboutsos A. (2016) Public Private Partnerships in Transport Infrastructure // Transport review. No. 2(36). P. 167–169. (In English).

7. Skifskaja A.L., Mehrishvili L.L., Shestakov S.A. (2023) Formirovanie i razvitie gosudarstvenno-chastnogo partnerstva // Izvestija vysshih uchebnyh zavedenij. Sociologija. Jekonomika. Politika. No. 3. P. 83–97. (In Russian).

8. Esin V.V. (2017) Sfery primenenija municipal'no-chastnogo partnerstva i gosudarstvenno-municipal'no-chastnogo partnerstva // Konstitucionnoe i municipal'noe pravo. No. 9. P. 64–72. (In Russian).

9. Balynskaya N.R., Vasilyeva A.G. (2017) Fiscal capacity of the city: the assessment of the influence on the sustainability of urban environment and the quality of living (the case of «second» cities of the Russian Federation) // R-Economy. No. 3 (2). P. 112–119. (In English).

10. Fajkov D.Ju., Bajdarov D.Ju. (2022) «Bol'shoj Sarov»: o ne samyh ochevidnyh strategijah razvitija monogorodov // Problemy razvitija territorii. V. 26. No. 1. P. 10 –26. (In Russian).

11. Bokolo A. (2023) The Role of Community Engagement in Urban Innovation Towards the Co-Creation of Smart Sustainable Cities // Journal of the Knowledge Economy. (In English).

12. Ob utverzhdenii Programmy razvitija monogorodov na 2012–2020 gody. URL: https://adilet.zan.kz/rus/docs/P1200000683 (data obrashhenija: 20.12.2023). (In Russian).

13. Ob utverzhdenii Perechnja monogorodov Respubliki Kazahstan. URL: https://www.gov.kz/memleket/entities/economy/documents/details/555760?lang=ru (data obrashhenija: 29.03.2024). (In Russian).

14. Geographic Names Information System United States Geological Survey, United States Department of the Interior. URL: https://edits.nationalmap.gov/apps/gaz-domestic/public/gaz-record/1404588 (accessed:13.04.2024). (In English).

15. Growing Economic Base Industries. City of Birmingham. URL: https://www.birminghamal.gov/wp-content/uploads/2017/08/CH9_EconomicBaseIndust.pdf (accessed: 13.04.2024). (In English).

16. Bureau of National statistics agency for strategic planning and reforms of the Republic of Kazakhstan. URL: https://www.stat.gov.kz/ (accessed: 1.04.2024). (In English).

17. Vystuplenie Glavy gosudarstva Kasym-Zhomarta Tokaeva na soveshhanii po voprosam razvitija monogorodov. URL: https://www.akorda.kz/ru/vystuplenie-glavy-gosudarstva-kasym-zhomarta-tokaeva-na-soveshchanii-po-voprosam-razvitiya-monogorodov-v-ekibastuze-410518 (data obrashhenija: 04.04.2024). (In Russian).

18. Poslanie Glavy gosudarstva Kasym-Zhomarta Tokaeva narodu Kazahstana «Spravedlivyj Kazahstan: zakon i porjadok, jekonomicheskij rost, obshhestvennyj optimizm». URL: https://www.akorda.kz/ru/poslanie-glavy-gosudarstva-kasym-zhomarta-tokaeva-narodu-kazahstana-spravedlivyy-kazahstan-zakon-i-poryadok-ekonomicheskiy-rost-obshchestvennyy-optimizm-285014 (data obrashhenija: 16.09.2024). (In Russian).

19. Statistikalyq bületen. Hromtau qalasy büdjetınıñ oryndaluy. URL: https://www.gov.kz/memleket/entities/aktobe-hromtau/documents/1?lang=ru&type=_45 (accessed: 07.04.2024). (In Kazakh).

20. Statistikalyq bületen. Jañaözen qalasy büdjetınıñ oryndaluy. URL: https://www.gov.kz/memleket/entities/akimat-goroda-zhanaozen/documents/details/571706?lang=ru (accessed: 09.04.2024). (In Kazakh).