System Of Indicators For Economic Assessment Of Sustainable Regional Growth

Abstract

Economic, social and environmental dimensions of the regional growth are relatively isolated, and the lack of necessary tools makes it difficult to evaluate their interdependence. These tools are needed to evaluate the overall stability and connectedness of the system and facilitate effective and prioritized decision making aimed at a stable growth. The authors think that the sustainability concept can be a foundation to develop such tools, including a system of performance targets and regional stability evaluation techniques. A region as an isolated system must aim at a sustainable growth. It should be noted that almost all regions adopted their own economic growth strategies. These strategies must be amended with the three dimensions of sustainability “environment-society-economy”, each having a purpose-oriented program and closely monitored dynamics including the overall sustainability change. Administrative, economic, social levers and instruments of managerial influence are poorly linked, do not take into account the specifics of territorial development, do not have a systemic basis. The formation of an economically effective system of sustainable development of Russian regions should provide a basis for territorial development. Thus, there is a need to develop an effective methodology for assessing the sustainable development of the Russian regions, taking into account their features and development vectors, which determines the relevance of the research.