Authors: A. Jdeed, F. Abu-Abed

Title of the article: Methodology of selecting tools for forming effective industry structure of the region

Year: 2020, Issue: 4, Pages: 22-30

Branch of knowledge: 08.00.05 Economics and Management of National Economy

Index UDK: 338.45

DOI: 10.26730/2587-5574-2020-4-22-30

Abstract: The purpose of the article is to describe the author's method of choosing the tools for forming an effective structure of the region's industry. The article defines the very concept of an effective structure of a region's industry. The tools are considered as a means of influencing the regional authorities, which are used to implement regional policy aimed at forming an effective structure of the region's industry. The authors classify the existing instruments into seven groups: economic instruments, organizational instruments, innovative instruments, investment instruments, integration instruments, socio-ecological instruments and administrative instruments. Criteria are proposed that can be used to select tools based on a specific situation. Often, in practice, only a financial criterion is used to make operational decisions on the choice of tools for forming an effective structure of the region's industry, which can reduce the efficiency of the modernized structure of the region's industry. The author's methodology, given in the article, takes into account several criteria at the same time and, on the basis of them, allows a multi-criteria choice of tools to form an effective structure of the region's industry. The elements of scientific novelty lie in the universality of the developed methodology, the possibility of its application to analyze the structure of industry both at the regional and national levels. The application of this technique is a mandatory step in modeling the effective structure of the industry in the region.

Key words: effective structure of the region's industry regional policy criteria for choosing tools multi-criteria choice

Receiving date: 05.11.2020

Publication date: 29.12.2020

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