Evaluation Factors of Industrial Production in the Region

Abstract

This article evaluates the processes of development of industrial production in the region and determines the factors affecting them, reveals the priority factors and sources of competitiveness of industrial enterprises, evaluates the regional characteristics of industrial development, and analyzes all influencing factors in the development of industry. This allows us to evaluate industrial production and development in the region, identify the factors that affect it. In the evaluation, process grouped the most important factors influencing the development of industrial production in determining the priory directions of industry, developed classification of industrial production factors in the region based on research and analysis. Also identified the level of formation of industrial production experience in the region, factors limiting the regional industrial production capacity, external environment analysis as well as availability of resources, other sources and opportunities. Attention is paid to the issues of ensuring the development of the regional industry, its macroeconomic growth and raising the standard of living of the population, expanding the export potential, creating an added value chain, and assessing the industrial production using complex quantitative econometric models. Because with the help of complex numerical econometric models evaluates the development of the industry, determines the priority sectors of the industry and studies their mutual influence.