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

Author

Listed:
  • Aivazian, Sergei

    () (Central Economics and Mathematics Institute of the Russian Academy of Sciences, Russia, Moscow)

  • Afanasiev, Mikhail

    () (Central Economics and Mathematics Institute of the Russian Academy of Sciences, Russia, Moscow)

  • Kudrov, Alexander

    () (Central Economics and Mathematics Institute of the Russian Academy of Sciences, Russia, Moscow)

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.

Suggested Citation

  • Aivazian, Sergei & Afanasiev, Mikhail & Kudrov, Alexander, 2019. "Indicators of the main directions of socio-economic development in the space of characteristics of regional differentiation," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 54, pages 51-69.
  • Handle: RePEc:ris:apltrx:0367
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    More about this item

    Keywords

    regional economy; econometric modeling; hypothesis testing; indicators;

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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