Assessment of potential for economic growth and development of regions of Siberian Federal District

Abstract

The article considers the issues of measuring and using the potential of development of regional economies of the Siberian Federal District in order to identify existing specific patterns, trends and peculiarities of socio-economic condition and
development of the subjects of the Russian Federation included in the Siberian Federal District. The analysis of the available potential and efficiency of their use allows to give an objective assessment of the potential of development of these
regions, to identify the best ways of their further development. The assessment of the level of efficiency of the regional economy and identification of reserves of regional economies of the Siberian Federal District is based on determining the
level of potential for socio-economic development of the regions and determining the calculated characteristics of gross regional product on the basis of economic and mathematical modeling. The normalized characteristics of key indicators show
significant relative differences between regions. All capacity elements have a significant impact on the gross regional product. The study made it possible to arrange (by characteristics of close communication) the most significant factors (affecting the gross regional product) in a strictly ranked order. Development reserves of regional economies of the Siberian Federal District on deviations between actual and estimated (potential) characteristics of gross regional product
have been revealed.