Assessment of ecological and economic competitiveness of regions using factor analysis

Abstract

Abstract The article examines the assessment of ecological and economic competitiveness of regions using factor analysis. Ecological and economic competitiveness of the territory is formed from groups of components, some of which will determine its basic potential, others - the potential of possible development trajectories. The ratio of these components is different for each region and in each period of time when competitiveness is determined. Ecological and economic competitiveness of the region is determined by the ratio of several areas that interact and interdependent: social, economic, environmental. It is proposed to introduce the amount of atmospheric rent into the indicators of assessing the competitiveness of regions. Atmospheric rent is a fiscal lever of influence and a stimulus for the formation of ecological and economic competitiveness of the region. The factor analysis confirmed that the value of atmospheric rent is a significant indicator that belongs to the first, most important group of indicators, and therefore should be taken into account when conducting environmental and economic assessment. To study the ecological and economic competitiveness, there were built two models and compared by the results modeling. The most accurate model turned out to be additive, which is explained by a more balanced consideration of the load of indicators and the share of explained variation of data by each of the factors. The assessment of ecological and economic competitiveness was carried out on the example of regions of Ukraine and the ranks of these regions were determined.