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Economic Analysis: Theory and Practice
 

Assessing the technological development of the Tyva Republic economy

Vol. 17, Iss. 10, OCTOBER 2018

PDF  Article PDF Version

Received: 14 March 2018

Received in revised form: 19 July 2018

Accepted: 13 August 2018

Available online: 31 October 2018

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: О14, O18, R11

Pages: 1868–1881

https://doi.org/10.24891/ea.17.10.1868

Soyan Sh.Ch. Tuvinian Institute for Exploration of Natural Resources of Siberian Branch of RAS, Kyzyl, Tyva Republic, Russian Federation
Soyan77@mail.ru

ORCID id: not available

Subject The article addresses the technology development of the Tyva Republic economy.
Objectives The purpose of the study is to present an economic assessment of technological development of the Tyva Republic economy.
Methods I employ methods of comparison, dynamics, a composite index methodology, which is based on complex registration of macroeconomic indicators, a cluster analysis, including models of the mixture of distributions, analytical grouping, tabular and graphical methods of research result visualization.
Results The paper reviews the basic methods to assess the technological development of economy that rest on building composite indices, assesses the technological development of the Tyva Republic economy on the basis of methods involving integrated index, ranks major indicators of technological development of economy assessment in the Republic. A rough assessment showed a rather low level of development. The paper unveils major problems of low technological development, gives recommendations on how to improve it.
Conclusions The composite index enabled ranking the indicators of technological development of the region. The cluster analysis helped distinguish four groups of regions in the Siberian Federal District by the level of technological development.

Keywords: Tyva Republic, technological development, assessment method

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