Home  Journals  National Interests: Priorities and Security  5(350) - 2017 May

Sustainability of regional socio-economic systems: Evaluation toolkit and the nature of development

Vol. 13, Iss. 5, MAY 2017

Article PDF Version

Received: 18 January 2017

Received in revised form: 14 February 2017

Accepted: 6 March 2017

Available online: 29 May 2017

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: Q01, P51, R11

Pages: 827-842

https://doi.org/10.24891/ni.13.5.827

Importance The article examines the concept of sustainable development in terms of the formation of specific indicators focused on economic aspects of sustainability and derived from regional accounts.
Objectives Based on indicators that are compliant with international standards of accounting and statistics, we evaluate the sustainability of regional socio-economic systems and determine the nature of their further development.
Methods The research employs a systems approach and methods of comparative, statistical analysis and logic abstraction, and competitiveness radar graph.
Results Applying the regional accounts and competitiveness radar graph, we calculated integral indices reflecting the sustainability of the development of the regions in the Volga Federal District, and figured out the nature of their development.
Conclusions and Relevance As we conclude, when regional accounts are used to evaluate and analyze the sustainability of regional socio-economic systems, it will increase the number of indicators to evaluate all phases of the reproductive cycle of the regional economy more comprehensively.

Keywords: region, sustainable development, regional account, integral indicator

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