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Modelling Economic Potential of the Region (Zaporizhia Oblast Example)

Author

Listed:
  • Krymska Liubov O.

    (Zaporizhzhya National Technical University)

  • Popova Marharyta V.

    (Zaporizhzhya National Technical University)

Abstract

The article shows methodological grounds of construction of the model of economic potential of the region and selects indicators of main structure forming elements of economic potential on the basis of the resource approach to its determination, which could be used for construction of a mathematical model and also for assessment of economic potential. The article considers methods of construction of a mathematical model of economic potential of the region on the basis of the correlation and regression analysis and method of construction of neural networks. It develops a model of economic potential of the Zaporizhia oblast on the basis of construction of a neural network with the use of the Deductor Studio Academic software. The considered methods of construction of the model of economic potential could be used for construction of models of potential of other oblasts. Such models could be used for assessment of influence of each of indicators of structure forming components of economic potential upon the value of the gross regional product, short-term and medium-term forecasting of development of the region, development of programmes of regional development by local bodies of authority and identification of maximally possible gross regional product under condition of use of the whole available volume of resources.

Suggested Citation

  • Krymska Liubov O. & Popova Marharyta V., 2014. "Modelling Economic Potential of the Region (Zaporizhia Oblast Example)," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 2, pages 122-127.
    • Handle: RePEc:idp:bizinf:y:2014:i:2:p:122_127
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