Factor Analysis of Economic, Social, Innovation and Ecological State of a Region Using Example of Dnipropetrivsk Oblast

Pashkevich Marina S. (), Palamarchuk Tatyana A. and Kunina Darya N.
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Pashkevich Marina S.: National Mining University
Palamarchuk Tatyana A.: National Mining University
Kunina Darya N.: National Mining University

Business Inform, 2013, issue 2, 104_108

Abstract: The article performs factor analysis of the state of economic, social, ecological and innovation spheres of Dnipropetrivsk oblast using Principal Component Analysis. Stable development of a region is the aim of the factor analysis in the conducted research. It is justified that stable regional development manifests itself in equilibrium not only between economic, social and ecological spheres, but also between the said spheres and innovation processes. Four basic factors, which have an impact upon dynamics of region development on the principles of stability and unite 75 various indicators, have been specified. It is established that factors of internal economy of a region and external global market situation are factors of positive impact upon stable development of a region. Factors of the state of main production assets of companies and the level of resource intensity of production have a negative impact upon dynamics of development of a region and do not contribute to its stability.

Keywords: regional development; regional economy; factor analysis (search for similar items in EconPapers)
Date: 2013
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