Abstract
Regional development theory focuses on the study of the quality of the development structure of regional systems, based on the theoretical analysis of institutional factors (parameters) that determine the technological efficiency of the regional economy. The article aims to clarify the possibility of technological change and economic growth shifts in a specific regional system, especially in the context of strict limits on rapid development, mainly focusing on industrial regions. To achieve this goal, we build structural models to analyze the impact of technological factors on regional economic growth parameters and determine the conditions for industrial sector development. Correlation and regression analysis methods are applied to establish statistically significant relationships between relevant parameters. Econometric models are used to estimate growth parameters through control parameters, including technological factors. The structural aspect of regional economic growth is measured by classifying investments into two groups: old and new technologies. The technological efficiency of the regional economy can be improved by improving the results of old technologies and promoting the adoption of new technologies. This approach helps to refine the regional development priority algorithm and supports the selection of appropriate technology development strategies. However, if resources are only focused on the latest technologies, the imbalance in the development of the regional economic system can increase significantly. Parameters related to the redirection and creation of new resources will determine the regional growth rate.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call