METHODOLOGICAL APPROACHES TO THE ANALYSIS OF BUSINESS ACTIVITY OF REGIONS

The article presents the results of studies on the problem of assessing the business activity of regional socio-economic systems. It has been substantiated that business activity is the ability to mobilize the region's resource potential in order to ensure sustainable economic growth. An integrated approach to the analysis of business activity in the region resulted in the identification of four main components: production, labour, investment, and innovation activity. The article describes the characteristics of each element and justifies the use of indicators of evaluation. Production activity is estimated through the ratio of the number of registered and liquidated companies, as well as the number of small enterprises in relation to the population. The indicators of the efficiency of the production sphere include return on capital and labour productivity, which, in turn, serve as an assessment of investment and labour activity, respectively. Labour activity is determined by the dynamics of the number of labour resources and the unemployment rate. Innovation activity is determined by the relative indicator of the number of researchers and the proportion of companies engaged in innovation. A common indicator of innovation and investment activity is the efficiency of innovation. The interconnection and interdependence of the production, labour, investment and innovation spheres are presented in the developed net scheme assessment. The proposed model makes it possible to assess the influence exerted by each factor index on the level of business activity, and, therefore, to respond promptly to their changes. (c) 2019 Published by Future Academy www.FutureAcademy.org.UK