Improving the theoretical and methodological framework of the system for analyzing the balanced state of social and economic development of regions

Economic Annals-ХХI: Volume 186, Issue 11-12, Pages: 112-123

Citation information:
Kovarda, V. (2020). Improving the theoretical and methodological framework of the system for analyzing the balanced state of social and economic development of regions. Economic Annals-XXI, 186(11-12), 112-123. doi: https://doi.org/10.21003/ea.V186-13


Vladimir Kovarda
PhD (Physics and Mathematics), Associate Professor,
Faculty of Public Administration and International Relations,
Department of Customs Affairs and Global Economics,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russian Federation
kovarda@yandex.ru
ORCID ID: https://orcid.org/0000-0002-2193-4350

Improving the theoretical and methodological framework of the system for analyzing the balanced state of social and economic development of regions

Abstract. This paper reviews the results obtained by Russian and foreign researchers of the importance of balanced development of a region as an autonomous system. The author proposes an algorithm for generation of balanced regional development indicators as well as determination of «regional vitality index», provides an example of graphic representation of the results for the proposed method. Additionally, the paper contains the set of assumed indicators based on a social nature of the state. Regions, as used herein, are classified into balanced, socially oriented, and economically oriented, and strategic directions are defined on the basis of existing vector of development and regional vitality index, i. e. type of the region.

Key takeaways and recommendations are listed in the conclusion. In particular, the results of determining the «region vitality factor» make it possible to estimate the level of regional social and economic development with the possibility of quantitatively calculating functional imbalances, determining (if any) the vector and magnitude of deformation. The consistency of the approach to the formation of blocks of indicators allows considering the key aspects of social and economic development of the region.

Keywords: Balanced Development; Sustained Development; Regional Vitality Index; Functional Imbalance; Social and Economic Development

JEL Classification: R10; R13; R58

Acknowledgements and Funding: The paper is prepared within the framework of the State Task of the Ministry of Science and Higher Education of the Russian Federation (topic No. 1.13.20F «Conceptual Foundations for Ensuring Economic Security of the Russian Federation in Conditions of Digitalization: Contours of Spatial Transformations»).

Contribution: The author contributed personally to the research.

Data Availability Statement: The dataset is available from the author upon request.

DOI: https://doi.org/10.21003/ea.V186-13

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