Technique for assessing territorial balance based on a three-factor model

Abstract

Aim. The work aimed to improve regional development management through the use of a technique for assessing territorial balance based on a three-factor model.
Objectives. The work seeks to analyze existing methods for assessing territorial balance; to determine a conceptual approach to assessing territorial balance based on correlation and regression analysis and econometric modeling; to identify factors and indicators used for assessment; and to assess the territorial balance of the regions of the Far Eastern Federal District.
Methods. The study employed a systems approach. The proposed technique for assessing territorial balance based on a three-factor model is based on the classical method of correlation and regression analysis, which presents the relationship between traits in the form of a functional dependence of a complex indicator on independent variables (factorial features). Comparative analysis was used to compare the regions.
Results. In the study, a technique for assessing territorial balance based on a three-factor model was proposed, which includes the components of E as the infrastructure component, S as the social component, and G as the state component. For each component, a factor Xi and an indicator Yi were defined, characterizing the resulting state of the analyzed regional socioeconomic system. This method was used to provide an assessment and a comparison of the territorial balance of the Central Federal District and regions of the Far Eastern Federal District.
Conclusions. The technique for assessing territorial balance based on a three-factor model enables to identify imbalances in the development of regions (in comparison with other regions). This is important for making management decisions, including identifying growth points, applying the tools of an agglomeration economy and using the technology of regional reconfiguration. The technique testing demonstrated that it can be applied to obtain quickly relevant results that can be useful in implementing regional economic policy.