Development of Assessment Tools for Economic Activity of Regional Business

Abstract

Under the conditions of traditional resources depletion, to ensure stable and sustainable economic development, the role of regional business is growing greatly as a prime investment and innovation factor and economic growth driver. To assess the positions of business structures, the indicators of production potential, innovation activity, welfare level of the regional population are used. Low economic activity of the Russian business is conditioned a lot by the fact that business structures came to be out of value added chain. The paper submitted offers the tools to assess business contribution to value added growth in a region, allowing to give recommendations on strategy of industrial and innovational development of a region. In the development course of governmental support measures and business regulation it is also feasible to assess business contribution in regional tax potential and revenue of regional budget.

DOI: 10.5901/mjss.2015.v6n5s2p434