Social efficiency of sectoral structure of regional economy

Abstract

Introduction. In the current conditions of functioning of individual branches of the economy, it is important to timely monitor their achievement of established social and economic indicators reflecting the effectiveness of the regional state policy. The sectoral structure of the region is its distinctive characteristic, forming the basic potential for creating mechanisms for the most efficient use of available resources in new economic conditions. Analysis of structural shifts over time allows us to identify the so-called specialization sectors that form the largest share of the gross regional product and provide employment for the population, thereby ensuring an increase in the level of well-being of the population of the region.Goal. Quantitative analysis of social efficiency indicators of the regional sectoral structure, reflecting the level of impact of adopted economic measures on meeting the needs of society for increased well-being.Materials and methods. The study was conducted using statistical and comparative analysis tools, classification, and grouping, which allowed us to form a basis for assessing structural industry shifts in the region based on the obtained values of social efficiency indicators of the regional policy. The information basis of the study was provided by reviews and reports of Russian (Rosstat) statistical institutions, as well as open access materials of analytical companies.Results and discussion. To assess structural shifts in the regional economy, the sectoral structure of the region was analyzed by types of economic activity. It was revealed that the sectoral specialization changed during the study period, which affected the economic and social indicators of the development of the region. The identified indicators of social efficiency of the sectoral structure of the regional economy were considered in their interconnection and interdependence, as they form a single social criterion for the purposes of the regional economic policy of Stavropol Krai.Conclusion. The conducted analysis of the social efficiency indicators of the sectoral structure of the regional economy allowed us to conclude that there are structural shifts that have affected the level of well-being of the population of the region. Effective adaptation to changing conditions of the functioning of industries, taking into account the new specialization, will ensure a comprehensive, interconnected and balanced development of regional industries.

Keywords

• region
• industry structure
• social efficiency
• types of economic activity
• indicators