Methodological approaches to the assessment of regional productive capacity: the sectoral approach
Year: 2023
Type: article
Abstract: Productivity is an indicator of economic efficiency, the use of territorial resources, and the quality of life of the population. The stagnation of economic productivity reflected in the decline in annual growth rates of such partial indicators as labor and capital productivity has been a peculiar trend in Ukraine for many years. The article aims to analyze and systematize methodological approaches to the assessment of the productive capacity of economic sectors. The article analyzes, compares, and systematizes the methodological approaches to the assessment of the productive capacity of economic sectors. It is worth mentioning the lack of a single methodological approach to the assessment of the productive capacity of economic sectors. Moreover, each of the analyzed approaches involves a different set of indicators and analytical tools. Their main advantages and certain disadvantages are identified. In particular, the authors analyze the European and global experience in assessing the productive capacity of the economy. This methodology envisages the use of three areas of measurement of productive capacity, namely: structural-sectoral, spatial-sectoral, and innovation-sectoral. The main processes that American and European scholars focus on when studying economic productivity are highlighted. The article emphasizes the priority of certain factors in increasing the productivity of economic sectors: innovation and technology, capital, labor, foreign trade, etc. It presents the dynamics of Ukraine’s ratings by the level of innovation capacity in 2014-2021 and concludes that Ukraine lacks an active policy and breakthroughs in the promotion of innovation by the state and business. The list of determinants of the productive capacity of regions in the context of its structural-sectoral, spatial-sectoral, and innovation-sectoral dimensions is formed and the main directions of their assessment are determined.
Source: Regional Economy
Language: English
Topic: Economic Issues in Ukraine
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4388969019