Comparative analysis of the development of the regions of the Far Eastern Federal District based on the coefficient of significant development
Abstract. The article proposes the author`s methodology that allows comparing sections and classes of regional economies based on the important development coefficient (IDC), which takes into account labor productivity and its growth, as well as the local and federal significance of the compared classes of the economy. The methodology was successfully applied to determine the industry competitive advantages of sections and classes of regional economies of the Far Eastern Federal District and to form development priorities for the district as a whole on their basis.
Keywords: sections and classes of the economy, labor productivity, competitive advantages, significant development coefficient, development priorities, Far Eastern Federal District, FEFD.
Highlights:
- an analysis of foreign and domestic experience in determining priorities for sectoral development of specific territories, used in forecasting and strategic planning tasks, was conducted;
- a methodology for comparative analysis of the development of sections and classes of regional economies of the Far Eastern Federal District is proposed based on the coefficient of significant development, taking into account labor productivity and its growth, as well as the local and federal significance of the compared classes of the economy;
- quantitative assessments of the effectiveness of the development of classes of economies of the Far Eastern Federal District regions were obtained in the form of a table of values of the coefficient of significant development (IDC);
- a top list of the most effectively developing classes of the Far Eastern Federal District economy according to the IDC rating was formed and a list of fast-growing significant classes of the economy of the Far Eastern Federal District regions was compiled.
Vladimir A. Tsybatov - Samara State University of Economics, Samara, Russia