Abstract
The article analyzes the socio-economic indicators that influence the future gross regional product growth. The mutual influence of the gross regional product (GRP) and socio-economic development indicators reflects the regional economic development perspective. The goal of the article is to show the theoretical analysis possibilities for practical use in regional planning and forecasting. The analysis of certain exogenous variables that affect the gross regional product is made. It is found that the preliminary indicator analysis may determine the most significant development factors for the region. The econometric models that quantify the contribution of the significant factors in the formation of the two most important regional socio-economic situation indicators - gross regional product and gross regional product per capita - are constructed. This analysis can be useful to flesh out the government support programs for the regions and determine the possible dynamics of GRP. DOI: 10.5901/mjss.2015.v6n3s7p47
Highlights
Lots of the world countries are spatially divided into the separate regions, for example, the USA are divided into the states, Germany – into the lands, the Russian Federation – into the subjects
Article 20 of the Law is aimed at strategic planning of social and economic development of the Russian Federation, it involves the selection of regional development goals and objectives
The scatter plot was built, the diagram gave the reason to assume that the regions can be grouped depending on the value of the gross regional product
Summary
Lots of the world countries are spatially divided into the separate regions, for example, the USA are divided into the states, Germany – into the lands, the Russian Federation – into the subjects (regions). National legislation of the different countries provides the regions with the different political and economic powers. The federal structure countries have to pursue an active federal policy aimed at eliminating regional disparities, strengthening economic and political integrity of the country. Regions of the Russian Federation are self-directed subjects. The Government of the Russian Federation draws attention to the significant regional development differences. The federal target program "The reduction of the differences in the socio-economic development of the Russian Federation regions (2002-2010 and up to 2014)" expired in 2015. This program used for about ten targets. By the end of the period it was planned to reduce the gap between the developed and lagging regions 2 times, reduce inter-regional differences in per capita income by 3 times, and reduce the proportion of people living below the poverty line by 25 percent
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