Abstract
As a rule, the source information and methods used for construction of many indices have specifics that allow authors and experts to consider these indexes as original and recommend them for use in solving a number of management tasks. However, a comparative analysis of such indices sometimes shows that despite the peculiar names and methods of calculation, some of them do not have significant statistical differences. This paper presents an approach that allows us to compare an arbitrary set of indices and ratings that characterize the level of socio-economic development of the subjects of the Russian Federation in the space of characteristics of differentiation used in solving regional management problems. The purpose of the study is to identify indexes that do not differ significantly. Eighteen indexes are compared. At the first stage of the study, their correlation analysis is performed. Then the indices are regressed to the basic characteristics of differentiation. The analysis of cosines of angles between indices calculated using beta coefficients of regressions allows us to refine the results of correlation analysis and identify a subset of indices that are not distinguishable in solving regional management problems.
Highlights
Many indices have been published that characterize various socio-economic aspects of regional development (Batchaev,2000)
This paper presents an approach that allows us to compare an arbitrary set of indices and ratings that characterize the level of socio-economic development of the subjects of the Russian Federation in the space of characteristics of differentiation used in solving regional management problems
We proceed from the fact that the solution of a specific problem of regional management is based on the application of an economic and mathematical model parameterized using a set of characteristics of regional differentiation
Summary
Many indices have been published that characterize various socio-economic aspects of regional development (Batchaev,2000). The source information and methods used for their construction have specifics that allow authors and experts to consider these indexes as original and recommend them for use in solving a number of management tasks. This paper presents an approach that allows us to compare an arbitrary set of indices and ratings that characterize the level of socio-economic development of the subjects of the Russian Federation in the space of characteristics of differentiation used in solving regional management problems. We proceed from the fact that the solution of a specific problem of regional management is based on the application of an economic and mathematical model parameterized using a set of characteristics of regional differentiation. It will be shown that indexes and ratings that have a significant difference in the author's representation may be indistinguishable in the space of characteristics of regional differentiation
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