Regional Economics: Theory and Practice
 

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Assessing the transformation of a macro-region industrial complex on the basis of balanced development indices

Vol. 18, Iss. 5, MAY 2020

Received: 2 March 2020

Received in revised form: 26 March 2020

Accepted: 10 April 2020

Available online: 15 May 2020

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: 10, 12, 65

Pages: 829845

https://doi.org/10.24891/re.18.5.829

Smirnova O.P. Institute of Economics of Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
olysmirnova95@gmail.com

https://orcid.org/0000-0001-6965-8028

Subject. This article discusses the balanced economic development of the macro-region industrial complex through the most efficient use of available resources.
Objectives. The article aims to assess the diversification of the industrial complex of macro-regions based on calculation of three indices and highlight key areas of perspective specialization of macro-regions.
Methods. For the study, I used the HerfindahlHirschman index, HooverBalassa index, and the relative specialization index in the context of federal districts, or macro-regions.
Results. The article finds that many macro-regions have similar comparative advantages, which means interregional synergy and opens up opportunities and potential for strategic cooperation between regions.
Conclusions. The revealed comparative advantages of macro-regions can be used to develop a long-term innovation programme for the industrial complex.

Keywords: assessment, diversification, industrial complex, prospective regional specialization, balanced development

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