Conceptual Foundations of Monitoring Sustainable Development of Socio-Economic Systems

Abstract

The article considers the issues of monitoring the sustainable development of socio-economic systems, by which we mean the process of continuous control of effective functioning and sustainable development of socio-economic systems, including the collection of data tracking the dynamics of changes in the state of the system and identifying trends in its development. Two types of monitoring of sustainable development of socio-economic systems are identified. In the static monitoring model, a comparative analysis of socio-economic systems, positioning of the system under study and determining the degree of its sustainability in comparison with others is carried out. The dynamic monitoring model analyzes the trends in the sustainable development of socio-economic systems based on the information for different periods. The proposed methodology combining elements of correlation analysis and elasticity theory allows advancing in the issue of short- and medium-term forecasting of economic crises.