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https://www.um.edu.mt/library/oar/handle/123456789/45965
Title: | Combined modeling of projected evaluation of the regional socio-economic development |
Authors: | Davnis, V. V. Tinyakova, Viktoria I. Blinov, A. O. Volodin, Y. V. |
Keywords: | Economics -- Sociological aspects Regional planning -- Case studies Economic development -- Case studies |
Issue Date: | 2019 |
Publisher: | Eleftherios Thalassinos |
Citation: | Davnis, V. V., Tinyakova, V. I., Blinov, A. O., & Volodin, Y. V. (2019). Combined modeling of projected evaluation of the regional socio-economic development. International Journal of Economics & Business Administration, 7(1), 348-354. |
Abstract: | Purpose: The article reveals the authors' approach to forecast the socio-economic development of a region. Design/Methodology/Approach: The framework of this approach envisages the construction of three interrelated models: a matrix predictor, an autoregressive model, and a binary choice logit model. This approach ensures an adequate reproduction of the systemic dynamics of indicators of regional socio-economic development. Findings: Authors' models require their implementation in the state management function of the regional economy and testing with specific examples illustrating opportunities of multidimensional economic and mathematical modeling of difficult socio-economic phenomena and processes. Practical implications: Authors' development represents a conceptual foundation for the development of digital regional socio-economic monitoring systems providing an opportunity for a qualitative increase in the reliability and relevance of prognostic parameters. Originality/Value: The contribution of the article is assessment of an opportunity to model the dynamics of multidimensional processes with the perspective to build a combined forecast model of the socio-economic development of the region, providing for the implementation of multivariate forecast calculations. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/45965 |
ISSN: | 22414754 |
Appears in Collections: | IJEBA, Volume 7, Special Issue 1 |
Files in This Item:
File | Description | Size | Format | |
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Combined_modeling_of_projected_evaluation_of_the_regional_socio_economic_development.pdf | 290.61 kB | Adobe PDF | View/Open |
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