Socio-Economic Systems’ Competitiveness Assessment Method

Globalization of modern economics forms new economic challenges in order to improve Russian regions’ competitiveness. The regions’ competitiveness significance grows substantially under conditions of the regions’ historically formed economies’ focus; current nature resources use potential and the advantages of the regions’ geographic location for external economic cooperation. Considering these facts, current research suggests a new method of assessing the socio-economic systems’ competitiveness. The authors suggest using the socio-economic system’s competitiveness integral index as the basic competitiveness assessment means. This integral index comprises 4 indicators, defining the system’s functionality, system, proactiveness, and organicity. It is suggested to form private competitiveness indices in long-term and short-term periods in order to assess the system’s competitiveness dynamically. The private competitiveness index in short-term period comprises indicators, defining the functionality and system levels, and the private competitiveness index in long-term period comprises defining the proactiveness and organicity levels. Several economic magnitudes, interpreting the functionality, system, proactiveness, and organicity indicators are presumed for interpreting each of them. A broadened spectrum of economic magnitudes, used for interpreting the assessment indicators, facilitates the involvement of various statistic and empiric data.

Keywords: Adizes, competitiveness, region, regional economy, socio-economic system

Victor O. Moseiko, Sergei A. Korobov & Daniil P. Frolov. Socio-Economic Systems’ Competitiveness Assessment Method //Asian Social Science; Vol. 11, No. 20; 2015. ISSN 1911-2017 E-ISSN 1911-2025

Published by Canadian Center of Science and Education