Methodological Approach to Assessment Socio-Economic Development of the Chuvash Republic (Subject of the Russian Federation)

Tatyana Ladykova, Tatyana Ivanova (), Viktor Streltsov, Anatoly Sayganov and Ekaterina Ladykova
Additional contact information
Tatyana Ladykova: Faculty of Economics, Moscow State University Named after M.V. Lomonosov, 1 Leninskiye Gory, Moscow 119991, Russia
Tatyana Ivanova: Center for Human Development, Institute of Economics of the Russian Academy of Sciences, 32 Nakhimovsky Ave., Moscow 117218, Russia
Viktor Streltsov: Presidium of the Russian Academy of Sciences, Russian Academy of Sciences, 14 Leninsky Ave., Moscow 119991, Russia
Anatoly Sayganov: Department of Labor and Social Relations, Institute for System Research in the Agroindustrial Complex of the National Academy of Sciences of Belarus, 103 Kazintsa Str., 220108 Minsk, Belarus
Ekaterina Ladykova: Faculty of Mechanics and Mathematics, Moscow State University Named after M.V. Lomonosov, 1 Leninskiye Gory, Moscow 119991, Russia

Economies, 2023, vol. 11, issue 7, 1-30

Abstract: The article develops a methodological approach to the assessment of socio-economic development of the Chuvash Republic, which allows to consider the factors with heterogeneous metrics. The scientific novelty of the study lies in the combination of methods used and the sequence of stages implemented: (1) index analysis of thirty-two indicators divided into seven macro-regional blocks (income, labor, business, ecology, social, prospects, finance); (2) development of formulas for each of them and calculation of integral indicators characterizing their dynamics; (3) development of a formula to determine the rate of socio-economic development; (4) one hundred graphs for forecasting socio-economic development were constructed; (5) thirty-one legal and regulatory acts were analyzed and the dependence by year between the indicator of the rate of socio-economic development developed by the authors and the number of legal and regulatory acts implemented in the country and the region was revealed; (6) a refined classification of the rate of socio-economic development was proposed. Having determined the current situation (2020 is a state close to sustainable—the rate of 99.5%, respectively), and based on the calculated forecast values of the rate of socio-economic development of the Chuvash Republic, it is possible to influence this process depending on the objectives for the medium term, taking the necessary regulatory legal acts, aimed at financing specific macroeconomic blocks. This methodical approach is a universal calculation tool and has great potential for further research. It can be used to assess not only the impact of certain indicators on socio-economic development, it is also applicable to other sectors and spheres of activity.

Keywords: socio-economic development; methodical approach; evaluation; forecasting; regulatory impact; Chuvash Republic (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-7099/11/7/176/pdf (application/pdf)
https://www.mdpi.com/2227-7099/11/7/176/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:11:y:2023:i:7:p:176-:d:1179925

Access Statistics for this article

Economies is currently edited by Ms. Hongyan Zhang

More articles in Economies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().