Evaluation and Forecasting of Effectiveness of the Use of Region’s Development Potential
Evaluation and Forecasting of Effectiveness of the Use of Region’s Development Potential

Summary/Abstract: The purpose of the research is to improve methodological instrumentarium of evaluation and forecast of regional economic growth. The authors develop methodological approach of evaluation of effectiveness of the use of region’s development potential and conduct imitation modeling, which allowed building forecast scenarios for achievement of variative limits with the indicator of effectiveness of the use of region’s development potential. The offered methodology of evaluation of effectiveness of the use of region’s development potential consists not only in the offered scheme of analytical actions, which allow identifying the level of effectiveness, but also allows building the evaluation results into forecast scenarios of regional development of economies for determining the probability of achievement of possible perspectives. This approach allows evaluating general results of work as to rational use of existing possibilities for socio-economic development (with their correction as to existing limitations) and substantiating the necessity for measures for elimination of negative tendencies in development and minimization of inter-regional differences. This opens new possibilities for regulation of socio-economic development of regions, based on perspective analysis. That is, forecasting in this situation becomes not only purpose but means for achievement of the set goals.

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