Indicators of the main directions of socio-economic development in the space of characteristics of regional differentiation

Sergey Aivazian, Mikhail Afanasiev () and Alexander Kudrov ()
Additional contact information
Mikhail Afanasiev: Central Economics and Mathematics Institute of the Russian Academy of Sciences, Russia, Moscow

Applied Econometrics, 2019, vol. 54, 51-69

Abstract: The approach to the formation of indicators of the main directions of socio-economic development in the space of characteristics of regional differentiation is presented. At this stage of research, the basis of differentiation characteristics includes five components: the scale of the economy, the assessment of technical efficiency, the assessment of the trend of technical efficiency, the first and second main components of the GRP structure. The indicator of each direction which was built in the basis is maximally correlated with the indicator formed on the basis of the corresponding group of indicators. Eight indicators following main areas have been formed: production of goods and services, material well-being, quality of the population, quality of the social sphere, internal security. Their features and the analysis of interrelation are given. Indicators can be interpreted in terms of differentiation characteristics. Changes in these characteristics can be predicted as a result of the implementation of Federal and regional investment projects and, as a result, to assess the impact of such projects on various areas of socio-economic development of the regions. Therefore, the basis of regional differentiation characteristics is considered as a tool of project management.

Keywords: regional economy; econometric modeling; hypothesis testing; indicators (search for similar items in EconPapers)
JEL-codes: C12 C51 R15 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://pe.cemi.rssi.ru/pe_2019_54_051-069.pdf Full text (application/pdf)

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:ris:apltrx:0367

Access Statistics for this article

Applied Econometrics is currently edited by Anatoly Peresetsky

More articles in Applied Econometrics from Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Bibliographic data for series maintained by Anatoly Peresetsky ().