Integrated Assessment of the Socioeconomic Systems’ Development

Abstract

ABSTRACT.A permanent property applicable to every socioeconomic system (SES) is its development. SES development is an integrated process with two sides that can be distinguished, i.e. quantitative and qualitative ones. The quantitative side reflects its static aspect, i.e. the state of the development at a certain point in time. The qualitative side of development reflects its dynamics, i.e. the scope of development changes. In order to make an integrated assessment of the standing of SES development, both these aspects above have to be assessed in a quantitative manner and be further combined into one generalised value. These days, assessment of the standing of SES development is limited to evaluation of the achieved level only, i.e. its quantitative assessment. Due to the fact that all socioeconomic systems are always large and complex systems, they tend to have a multitude of aspects. The indicators that reflect such aspects form a system thereof. It is thus the basis for further multicriteria assessment of the development state. In order to reduce the number of indicators to be assessed simultaneously so that experts could establish the weights thereof in a sufficiently accurate manner, a hierarchically structured system of indicators is developed and presented here. Following this methodology, the level of economic development across Lithuanian regions has been determined. When the scope of development changes was established on that basis, the integrated indicator of the regional development state was calculated following the proposed formula. On the basis of the correlation-regression analysis, it has been determined that the scope of development changes is larger in the regions with lower level of development achieved.

A value-oriented approach to assessing regional economic development projects

“…Some aspects of strategic development planning of the united communities are investigated in the studies (Ahmed et al, 2018;Gavatiuk et al, 2020;Milovic et al, 2020;Кrayneva et al, 2017;Pavel et al, 2018). In this regard authors' recommendations are developed within the framework of prosperity and overall socioeconomic development (Bilan et al, 2020b;Ginevičius et al, 2018;Meyer & Meyer, 2019;Mishchuk et al, 2020), sustainable development goals achievement (Krzymowski, 2020), improvement of infrastructure for regional development (Nugraha et al, 2020;Poór et al, 2018), particularly considering the problems of regional development in countries with immature economy (Kozlovskyi et al, 2019;Korbutiak et al, 2019).…”

Problems of Harmony in the Development of Socio-economic Systems

“…The options for determining were discussed earlier. Recently, multicriteria methods have been widely used for this (Ginevicius et al, 2018 a, b;Keshavarz, 2015;Debnath et al, 2018;Ginevicius et al, 2018b;Ginevicius, 2009). In this way, two stages of SES development SD assessment can be identified.…”

Formation of a Regional Development Strategy According to the Level of Investment Activity of Enterprises

“…The issues of investment development of the region, analysis of its investment environment, allowing to ensure the development of the real sector of the economy are presented in the works of E. Animitsa (2015), G. Kvon et al (2017), T. Gössling (2007), K. Koschatzky (2003), K. Zum-busch (2013), J. Pires Manso et al (2015), N. Bryukhovetskaya (2016), O. Аrefieva (2018), and R. Ginevicius et al (2018). Problems of the development of the region are devoted to the work of such scientists as I.…”