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Regional Economics: Theory and Practice
 

Resource balancing of dominant business activity to ensure the sustainable development of regional economy

Vol. 13, Iss. 31, AUGUST 2015

PDF  Article PDF Version

Received: 27 March 2015

Accepted: 14 May 2015

Available online: 5 September 2015

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: 

Pages: 17-28

Bandurin A.V. Moscow Senkevich State Institute for Tourism Industry, Moscow, Russian Federation
abander@mail.ru

Borisova I.S. Institute of Economy, Moscow, Russian Federation
gotika00@mail.ru

Subject The article deals with the issues of resource balancing of the entities' economic activities.
     Objectives The paper aims to formulate principles and possibilities of use of the technology of resource balancing of dominant business activity in the economy of the region.
     Methods To analyze the various aspects of microresource balances compilation at the level of individual business entities and sectors across the region, and to identify the most effective ways to harmonize the resource requirements of the dominant business activity with other activities in the economy of the region, we used the methods of inter-industry balances, matrix analysis, and a portfolio approach.
     Results
We developed a resource balancing technology allowing to align resource needs of various kinds of economic activities in the region and to coordinate the dominant activity's influence on the resource potential of the region.
     Conclusions We conclude that under resource-limited settings in any territory, it is important to coordinate the resource requirements of various activities. The prevailing economic activity should provide conditions for the development of other activities in the regional economy.

Keywords: economy, region, resource balance, prevailing economic activity, cross-branch alignment

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