Abstract
Identifying the main factors of economic growth, the study and analysis of the mechanisms of their influence on the development of regions can be considered one of the most pressing problems in modern economic research. The main goal of the research is to build an econometric production model of regional economic growth on the basis of an analysis of existing analytical approaches to assessing regional economic growth. To achieve this goal, a study was conducted to assess the quality of economic growth using multiplicative models of production functions by regions of the Russian Federation, which will allow building a unique function for each region, which describes the economic potential and the future direction of regional development. As a result of the study, it was concluded that it is necessary to adjust the existing and develop new approaches to assessing the dynamics of economic development. An econometric production model of regional economic growth is presented, which is based on production functions.
Highlights
A study was conducted to assess the quality of economic growth using multiplicative models of production functions by regions of the Russian Federation, which will allow building a unique function for each region, which describes the economic potential and the future direction of regional development
An econometric production model of regional economic growth is presented, which is based on production functions
Determining directions, factors and conditions for sustainable growth of the regional economy requires the development of appropriate forecasting and analytical tools that would allow the authorities of the constituent entity of the Russian Federation to carry out scientifically based forecasts of the consequences of management decisions made, to carry out multivariate scenario studies of economic growth opportunities, including scenarios of the Ministry of Economic Development in the framework of the annual forecasts of the socioeconomic development of the Russian Federation
Summary
Determining directions, factors and conditions for sustainable growth of the regional economy requires the development of appropriate forecasting and analytical tools that would allow the authorities of the constituent entity of the Russian Federation to carry out scientifically based forecasts of the consequences of management decisions made, to carry out multivariate scenario studies of economic growth opportunities, including scenarios of the Ministry of Economic Development in the framework of the annual forecasts of the socioeconomic development of the Russian Federation. They are classically the regression equations of the link between exogenous Leontiev is based on the description of the product and financial flows between sectors of the economy with the link between supply and demand
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