Diagnostics of Regions Resource Potential in the Context of Socio-Economic Development

Abstract

Purpose: The purpose of the study is to study the possibilities for diagnosing the resource potential of the regions, taking into account the indicators of their socio-economic development. Theoretical framework: To conduct the study, the indicators characterizing the socio-economic development of the regions were analyzed; Based on the selected indicators, indices of sub-potentials and integral estimates of the resource potential of the regions were calculated. Design/methodology/approach: The diagnostics of the resource potential of the regions is carried out by means of an integral assessment of sub-potentials through an indicative analysis, where the average values for the country are the standard. The obtained indicative estimates (indices) for the sub-potentials of the resource potential make it possible to identify rent-forming conditions in the regions. It is proposed to use a “simplified” diagnostic model for the study, which contains the main indicators for analysis; in the "enlarged" model, it is planned to use an expanded range of indicators to identify dependencies, taking into account their dynamic changes. Approbation was carried out in the Russian region - Novgorod region. Findings: As a result of the study, indicative estimates (indices) of the subpotentials of the resource potential of the analyzed regions were obtained, and their integral estimates of the resource potential were determined. The diagnostics of the resource potential made it possible to rank the regions according to the factor conditions of socio-economic development, as well as to lay the basis for assessing the effectiveness of the use of regional resource opportunities. Research, Practical & Social implications: The study expands scientific knowledge in the field of formation and use of the resource potential of the regions. Improving the assessment system within the proposed approach for conducting diagnostics for specific regional tasks will allow for a competent regional policy with a focus on the strengths and weaknesses of the socio-economic development of the region. Originality/value: The value of the study lies in the ranking of regions depending on resource conditions, which can help determine rent-forming factors and build an assessment of the efficiency of using resource potential.