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Economic Analysis: Theory and Practice
 

The ranking analysis of regional socio-economic systems: An updated approach

Vol. 15, Iss. 10, OCTOBER 2016

PDF  Article PDF Version

Received: 18 July 2016

Received in revised form: 29 July 2016

Accepted: 16 August 2016

Available online: 1 November 2016

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: С41, Р51

Pages: 17-27

Buletova N.E. Russian Presidential Academy of National Economy and Public Administration, Volgograd Branch, Volgograd, Russian Federation
buletovanata@gmail.com

Sharkevich I.V. Plekhanov Russian University of Economics, Volgograd Branch, Volgograd, Russian Federation
igo.shar@yandex.ru

Subject The article considers the method of calculating the rank values of a set of objects for quantitative measurement of their performance as compared with each other.
Objectives The study aims to develop an improved method of ranking and interpretation of obtained results, which would take into account the degree of non-linearity of differences between the compared objects, and this difference would be measured by appropriate effective rank.
Methods Based on traditional methods of statistical and economic-mathematical analysis (correlation and regression, variation, graphic), we present the main stages and results of the analysis of effective ranking of subjects of the Russian Federation.
Results Testing the developed method of rank analysis on the case of innovative activity showed a positive result. If included in monitoring and strategic audit of results of territories development, the method will enable to have reliable assessment of comparative situation in regions and efficient management decisions on social and economic development of territories.
Conclusions and Relevance The main advantage of the proposed method is elimination of a formal approach to ranking and a possibility to rank situations in regions, taking into account the degree of difference (non-linearity) of socio-economic characteristics of development.

Keywords: innovation activity, rank distribution, effective rank, differentiation, non-linearity

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