The Estimation of Factor Activity of the Productive Forces of the Region

Abstract

Nowadays, the scientific community focuses on the search for root causes, conditions, and factors for the development of the territory; research and construction of feedbacks; disclosure of the features and particular aspects of economic activity in a system of any level, as well as their reasonable and conscious regulation in the production process, which is not feasible without activating the entire complex of productive forces in the region. The object of the study is the productive forces of the region. The purpose of the study is to show the relationship between the integral indicator of the activity of productive forces and gross regional product (GRP). The paper proposes a system of indicators of the territorial development of productive forces, which are compared through correlation analysis with basic indicators of socio-economic development. Further, the reaction of the socio-economic system of the territory to a change in economic parameters and institutional conditions for the functioning of productive forces in the region’s space is revealed. A stable direct relationship between the integral indicator of the activity of productive forces and the gross regional product is proved. The use of the algorithm proposed in the paper will highlight the productive forces of the region and conduct a comprehensive analysis of their condition, which, together with a subsequent assessment of the degree of mutual influence of the production and socio-economic sphere of the region, will help to solve a number of practical issues of the region.