Regional Economics: Theory and Practice

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Effective use of the resource capacity of regions as a factor to even their development levels

Vol. 16, Iss. 9, SEPTEMBER 2018

Received: 25 July 2018

Received in revised form: 13 August 2018

Accepted: 20 August 2018

Available online: 14 September 2018


JEL Classification: C40, D61, Q30, R58

Pages: 1673–1692

Donichev O.A. Vladimir State University named after Alexander and Nikolay Stoletovs, Vladimir, Russian Federation

Zakirova M.I. Vladimir State University named after Alexander and Nikolay Stoletovs, Vladimir, Russian Federation

Subject This article deals with the issues of efficient use of the resource potential of regions to ensure an economic growth and reduce the level of differentiation in the socio-economic development of the territories.
Objectives The article aims to develop an algorithm for assessing the resource potential of regions and strategic directions to increase the economic and social efficiency and reduce the differentiation in the functioning of the constituent entities of the Russian Federation.
Methods For the study, we used economic-mathematical methods and the methods of regression and statistical analyses.
Results The article presents a developed algorithm and methodology of estimation of resource potential of regions. The article also shows a scatter diagram, which reflects the ranking of the Central Federal District regions by level of use of resources available in the territory.
Conclusions and Relevance Regions are not always rational in using the available resources. Their large volume does not guarantee effective economic and social application. The methodology is universal and can be used at the regional level and the higher levels, as well.

Keywords: resource potential, resource efficiency, economic growth, region differentiation


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