REGIONAL COMPETITIVENESS THROUGH THE LENS OF REGIONAL ECONOMIC INDICATORS (Case Study of Nizhny Novgorod Oblast)
P.E. Iakovleva, Yu.S. Kornilova
Higher School of Economics, Saint Petersburg, Russia
Keywords: regional competitiveness, regional potential, competitive advantages, regional specialization, regional economy
Abstract
The article presents a comprehensive approach to assessing the level of regional competitiveness. It outlines the main concepts of competitiveness assessment, leading to an approach that involves the use of localization coefficients, the analysis of structural shifts, and the evaluation of the openness of the regional economy by calculating import, export, and commodity exchange coefficients. These methods help identify the region’s advantages, which can serve as a foundation for improving its economic condition, because with accurate characteristics of the regional economy and knowing its strengths and vulnerabilities, it is possible to draw up a more precise development scenario for the region. Nizhny Novgorod Oblast was chosen as a case study to test this approach. The integrated approach results have been compared with the economic position indicators of Nizhny Novgorod Oblast in several rankings. Consequently, this comprehensive analysis of the competitive advantages of one region in the Russian Federation enables the identification of its flagship industries and potential areas for development.
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