The region’s competitiveness assessment on the basis of “sustainable development” concept

Abstract

Abstract The authors propose an improved method of assessment the competitiveness of regions. The novelty of method is the selection of competitiveness factors on the basis of “Sustainable development” concept. The study selected and classified influencing factors of the competitiveness by the expert evaluation. The first selecting criterion is long-term and short-term action of the factors. The second one is financial results production and consumption of the product. The third criterion is the complex of standards in the production and consumption of the product. Other criteria are the extensiveness of changes, integration in the production and consumption. The assessment of competitiveness involves calculating points and ratings on these criteria. As a result, the method allows to classify the regions by level of competitiveness which depends on the points calculated in the short and long terms. The higher the region’s class number is the more competitive the region itself, and vice versa. This assessment allows to form the strategies for the new products and cooperation of the regions.