Model for assessing risks and threats to socio-economic development of the region and their impact on economic growth

Abstract

Modern conditions of functioning of economic systems of various (macro-, meso- and micro) levels set new tasks, risks and threats to the state, which require their solution, minimization, prevention or leveling of consequences. The purpose of this study is to consider the reaction of economies and state authorities to the current digital transformation of regional economic systems. The study of conditions that positively or negatively affect the meso-economic space of the country will help to establish the most significant of the factors that determine the ability to internalize the potential of current changes and strengthen their own competitive positions with their help. Also, this study helps to identify the “pain” points of the regions, which reflect the problems in the adaptation of the country’s entities to digital dynamics, as well as to determine the directions of their solution and/or minimize the damage from the possible consequences of the implementation of threats. This, in turn, will create opportunities for regional authorities and other economic entities to adjust and coordinate their joint efforts to achieve the necessary indicators of economic growth of the regional economy. Achievement of the necessary values of indicators, in particular, will testify to the effective functioning of economic and institutional aspects of economic management.