Improving the theoretical and methodological framework of the system for analyzing the balanced state of social and economic development of regions

Abstract

This paper reviews the results obtained by Russian and foreign researchers of the importance of balanced development of a region as an autonomous system. The author proposes an algorithm for generation of balanced regional development indicators as well as determination of «regional vitality index», provides an example of graphic representation of the results for the proposed method. Additionally, the paper contains the set of assumed indicators based on a social nature of the state. Regions, as used herein, are classified into balanced, socially oriented, and economically oriented, and strategic directions are defined on the basis of existing vector of development and regional vitality index, i. e. type of the region. Key takeaways and recommendations are listed in the conclusion. In particular, the results of determining the «region vitality factor» make it possible to estimate the level of regional social and economic development with the possibility of quantitatively calculating functional imbalances, determining (if any) the vector and magnitude of deformation. The consistency of the approach to the formation of blocks of indicators allows considering the key aspects of social and economic development of the region.