ECONOMIC DEVELOPMENT OF THE REPUBLIC OF DAGESTAN: STRUCTURAL ANALYSIS AND INNOVATIVE DIVERSIFICATION

This research article provides a comprehensive analysis of the economic structure and development priorities of the Republic of Dagestan within the framework of regional economic development theories. The study examines the transformation of the Dagestan economy from a depressed system to a diversified regional economy with the potential for sustainable development. Through a systemic analysis of statistical data, strategic documents, and current development initiatives, the article identifies key sectors driving economic growth, including agriculture, energy, tourism, and logistics. The study emphasizes the strategic importance of infrastructure modernization, innovation, and cluster development to overcome structural imbalances. The article proposes a conceptual model of regional development that balances economic growth with social and environmental priorities, providing specific practical recommendations applicable not only to the Republic of Dagestan but also to other mountainous regions of the Russian Federation. The study's results demonstrate that targeted investments in strategic sectors, combined with institutional support and innovation, can effectively address the challenges faced by depressed economies while promoting their sustainable development.