Assessment of the Regions Economic Potential and Their Opportunities

Abstract

Based on the analysis of methods for quantitative assessment of the economic potential of regions in the context of available resources, the direction of this process is systematized in the following areas: economic-geographical, production, demographic, information and macromodels. The necessary characteristics of the economic potential of cities and settlements, including the territory, population, production, investments and loans have been formulated. They reveal the main components of existing opportunities, which make it possible to create a basis for an objective assessment of the potential for socio-economic improvement, its acceleration and increase in effectiveness. For a wide coverage of the directions of changes and reflecting their dynamics, it is proposed to take into account the influence of the time factor on the expected development results based on the financial and mathematical apparatus known in the investment theory, reflecting the change in the value of cash flows in different periods of operation. Based on the diversification of regional economies, including economic, technical, social, innovative, investment, scientific and technical and other areas of activity, attention is focused on a comprehensive analysis of all components when calculating the potential. The article formulates the sequence of process stages of assessing the communities’ resource potential. It is proposed to form initial information in the context of three blocks: resource, economic development, growth reserves. This allows you to structure data based on the main aspects of the availability and reproduction of resources, which will provide a rational choice of development strategy. A vision of the assessment system characteristics has been formed, which is obliged to encompass the main constituent elements, which will make it possible to establish the nature of development and the necessary requirements for it. To generalize the assessment, methods are classified that provide the final characteristics, capabilities and scope of their application. The system of indicators for assessing the efficiency of using the economic potential of the region is considered, which includes two main blocks, target and resource.