A Factor Analysis of Models for Regional Development
DOI:
https://doi.org/10.14419/ijet.v7i3.15.18702Published:
2018-08-13Keywords:
region, development, economy, effectiveness, management, production, resources, territorial production complex.Abstract
This paper explores some of the key regional characteristics of the formation of market relationships that influence the overall economic situation in the country. The author examines regional units characterized by there being latent sources of cumulative growth within a multilevel stratified unit that incorporates a group of business entities engaged in a homogeneous type of economic activity which may initiate a multiplicative effect based on the capacity for systemic or developmental innovations, as well as a group of business entities associated with a propulsive sector through the “input/output†relationship, which ensures the translation of a multiplicative effect in the direction from higher territorial establishments to lower ones. The paper discusses the activity of key organizations within a recipient region with a view to identifying potential growth areas that could become the basis for the development of import substitution at the mesolevel, which are engaged in activity within the framework of traditional spheres of economic activity.
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Accepted 2018-09-01
Published 2018-08-13