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Regional Economics: Theory and Practice
 

Integrated index of regional development

Vol. 14, Iss. 2, FEBRUARY 2016

PDF  Article PDF Version

Received: 16 April 2015

Accepted: 14 May 2015

Available online: 12 February 2016

Subject Heading: THEORY OF REGIONAL ECONOMY

JEL Classification: B41, С02, С10, С13

Pages: 68-83

Vinogradova N.A. State University Education-Science-Production Complex, Mtsensk Branch, Mtsensk, Orel Oblast, Russian Federation
vna-06@mail.ru

Importance The article considers the indicators of social development of the region.
Objectives The paper aims to develop a methodology of integral indicators of regional development and feasibility of its application.
Methods For the study, I used methods of grouping, systematization, and comparison, as well as index and integral analyses.
Results The article presents a methodology of calculation of integral regional development indicator and the substantiation of this technique.
Conclusions and Relevance The paper concludes that the application of integral regional development indicator gives a clearer understanding of the regional development, due to a broader and balanced set of indicators. Calculation of integral regional development indicator can be used in inter-regional comparisons for a more objective picture, describing the development of a region and its position among other regions of the country.

Keywords: effectiveness, social development, integral index, socio-economic and environmental spheres, construction method

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