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Factors and Conditions of Functioning and Development of Modern Regional Socio-Economic Systems

I.V. Zimakova, A.N. Kalashnikov, S.I. Kretsu and A.V. Kurillo

International Journal of Economics & Business Administration (IJEBA), 2019, vol. VII, issue Special 1, 371-377

Abstract: Purpose: The purpose of this article is the systemic modernization of scientific ideas relating to the essential factors and conditions of functioning and development of regional socio-economic systems. Design/Methodology/Approach: To substantiate the article about the possibility of overcoming the socio-economic stagnation and recession of the region's economy based on modernization of research tools and management of local and regional socio-economic processes using modern agglomerative technologies and methods. Findings: Finding lies in clarifying the arrangement, structure and importance of socio-economic processes, factors and conditions of local, regional and interregional level that determine the effectiveness and sustainability of functioning of the economy. Practical Implications: Are determined by the possibility to use authors’ scientific results for audit, evaluation and adjustment of regional socio-economic impacts, measures and development programs, used during designing, forecast and assessment of socio-economic and complex efficiency of local and regional socio-economic activeness in the cities and municipal areas. Originality / Value: It is substantiated by development of the theory and methodology of regional studies of socio-economic factors and conditions that determine long-term prospects of stable functioning and sustainable development of the regional economy on the basis of adaptation of the basic direction of the system and reproduction processes.

Keywords: Regional economy; regional socio-economic system; regional economic processes. (search for similar items in EconPapers)
JEL-codes: D30 D39 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:special1:p:371-377