System-dynamic model of regional economy: The case of Rostov oblast

This article presents a method of simulation modeling that is broadly used in regional process studies. Based on this model, we have developed a system of supporting decision-making intended for regional development. Potential development scenarios for the Rostov oblast have been elaborated using st...

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Bibliographic Details
Published in:Studies on Russian economic development 2016-05, Vol.27 (3), p.286-290
Main Authors: Patrakeeva, O. Yu, Kryukov, S. V.
Format: Article
Language:English
Subjects:
Area planning & development
Cost reduction
Data
Decision making
Economic development
Economics
Economics and Finance
Employment
Family income
Government aid
International Economics
Investments
Management decisions
Population growth
Prices
Product quality
Production costs
Profits
Regional development
Regional Problems
Regions
Simulation
Small business
Socioeconomic factors
Strategic management
Studies
Tax increases
Taxes
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Description
Summary:This article presents a method of simulation modeling that is broadly used in regional process studies. Based on this model, we have developed a system of supporting decision-making intended for regional development. Potential development scenarios for the Rostov oblast have been elaborated using statistical data about the region.
ISSN:1075-7007
1531-8664
DOI:10.1134/S1075700716030138