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Evaluation of Economic Development Scenarios of Region’s Industry

Journal: Scientific and practical journal “Economy of Industry” (Vol.6162, No. 12)

Publication Date:

Authors : ;

Page : 162-169

Keywords : economic development; scenario; industry; competition; institutional environment;

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The dynamics of changes in the economic development of Ukraine timely increases the need to choose the strategy, policies and the scenario that will ensure the economic development of the regions, their sectors and branches in view of intensification of regional development factors effect. The most effective way to solve the problem of choosing the scenario of regulating the economic development of industry in the region is to apply a matrix that compares the situations of economic environment. The proposed pattern of choosing the scenario of regulating the economic development of the region's industry includes the calculation of indicators permitting to describe the main features of the region functioning by means of quantitative methods and subsequently to produce aggregation of these indicators in order to compare the institutional environment with one of the standard types of situations. It is reasonable to evaluate the current situation of the region’s industry by three main directions: evaluation of problems when competing with foreign manufacturers, evaluation of development of intra-regional relations, evaluation of resource availability. It results in arraying the matrix of choosing a base scenario, which will allow estimating the institutional environment of the region in order to clarify the purpose of economic development of the region's industry and selecting the most appropriate scenario of economic development of the industry,existing in the region situations.

Last modified: 2017-08-31 12:52:53