Assessment of the Management of Socio-Economic Development of the Volgograd Region

Abstract

The article is devoted to the results of testing the methodology for assessing the management of the socio-economic development of the region on the example of the Volgograd region. The author’s methodology includes three main blocks and an additional one. The assessment of the overall level of socio-economic development of the Volgograd region was carried out on the basis of 67 indicators for eight regional subsystems considered as factors of regional development. The results of the current assessment were compared with the past conditions of the region as well as with the average indicators for the Southern Federal District (SFD), summarized in the assessment of its synthetic region. The evaluation results are presented in tabular, graphical and matrix forms, which significantly increases the analyticity of the probed technique. As a result of approbation of the methodology for calculations and assessments of the Volgograd region socio-economic development management, it was empirically revealed that: there is the Matthew effect; the least weight in the formation of the development level of Volgograd region is contributed by environmental and natural resource factors, the greatest – social, financial and infrastructure factors; socio-economic development of the Volgograd region is most sensitive to changes in the social, innovative and infrastructural factors-subsystems; factors limiting socio-economic development for the Volgograd region and the synthetic region of the SFD are the environmental on the lower boundary and social factors-subsystems – on the upper one. Further directions of development and application of the results of the approbation of the considered technique made by the authors are determined.