Abstract
The purpose of the research described in the article is to develop tools for assessing Russian regions' competitive potential and identifying its impact on regional socio-economic development. Harmonized methods for assessing the region's competitive potential and socio-economic development are developed and presented in this article. The study methodology is based on the use of statistical analysis and data processing, calculation, and analytical methods for constructing private and integral weighted average indicators of competitive potential and socio-economic development, the use of correlation and regression analysis tools, and methods of graphical data presentation. The use of econometric methods and statistical analysis methods is provided by software from MS Excel and Gretl packages. The results of calculations of the integral indicators of competitive potential and socio-economic development in Russia's regions and the correlation-regression analysis of the competitive potential of the regions and their socio-economic development are shown. The data on the coefficients of pair correlation between the general integral indicator of the region's competitive potential, its four-factor components, and the region's socio-economic development are presented. It is pointed out that the established relationship makes it possible to choose the most effective tools for influencing the dynamics of the socio-economic development of the region based on managing its competitive potential.
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