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Economic Analysis: Theory and Practice
 

The methodology of economic analysis to identify priority types of industrial production in the aspect of sustainable development of regional economy

Vol. 14, Iss. 27, JULY 2015

PDF  Article PDF Version

Received: 16 March 2015

Accepted: 21 May 2015

Available online: 10 August 2015

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: 

Pages: 30-41

Kazakova N.A. Plekhanov Russian University of Economics, Moscow, Russian Federation
axd_audit@mail.ru

Golubeva G.F. Plekhanov Russian University of Economics, Moscow, Russian Federation
golubeva_g@mail.ru

Importance The current stage of economic development of the Kaliningrad region is associated with the development of a new industrial policy arising from the termination of the preferential treatment of the special economic zone in 2016. It requires adjustments to previously used governance and identifies the most important one for the sustainable development of the region's industrial production.
     Objectives On the basis of economic analysis and assessment of the state of industrial production of the Kaliningrad region, we should identify the determinants and reserves of the gross-value-added growth, and justify the priority industrial plants to provide them with direct and indirect financial support to enhance the sustainable development of the regional economy.
     Methods The conducted research and factual information received about the activities of industrial enterprises of the region, the combination of qualitative and quantitative methods, including factor analysis, as well as regulatory and legislative framework that defines the specifics of the region as a special economic zone served as a methodological framework of the performed study.
     Results We compartmentalized industries and businesses of the region by key economic indicators, including the sources of raw materials, markets, and the percentage of value added in production, the level of import dependence. This made it possible to justify a system of criteria for the selection of priority types and subjects of industrial plants to provide them with State support.
     Relevance Identification and ranking of promising industrial manufacturing of the Kaliningrad region is based on an assessment of the existing capacity, taking into account changes in the global and Russian markets. The results of the research can be used in the formulation of economic policies in the region.

Keywords: region, competitiveness, priority, rate, special economic zone

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