Page 70 - Theoretical and Practical Interpretation of Investment Attractiveness

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2.1.1 Table
Evaluation methods Priority of the method Weaknesses of the method

Quantitative evaluation of - Optimization and efficiency Subjective selection in calculating
resources dynamics assessment resource utilization coefficients
capability of the method;
- Availability of analysis of
individual and aggregate
objects.
Absence of complex and
voluminous calculations.
Index analysis Absence of complex and - The need for each factor to have
voluminous calculations. equal weight in the formation of
performance indicators;
- Complexity of analyzing the
composition and dynamics of
efficiency

Optimization model Potential for implementation - Lack of necessary information
of optimization measures base;
- Complexity of implementing
accounting procedures.

Correlation-regression model Calculation of the impact - Complexity of assessing the
level of each resource. dynamics of efficiency;
- Inability to use large amounts of
data.

In all methods, the overall assessment of the economic efficiency of regions consists
of two main components: the direct economic efficiency of the region and the level achieved
in its implementation.
Based on the developed ideas and the presented table data, it is possible to suggest
additional parameters for assessing the economic efficiency of regions (Table 2.1.2).
It is justified to say that the economic management of regions plays a crucial role in
shaping their future prospects by effectively utilizing economic potential. Therefore, it is
essential to accurately assess economic efficiency and implement sound economic policies.
These internal capabilities underscore the need for comprehensive regional development
programs aimed at ensuring the prosperity of residents and sustainable economic growth.
In our opinion, endogenous factors are crucial for ensuring the economic development
of regions. However, it is also necessary to consider the geographical location of regions and
not to overlook their geo-economic positioning.

93 Zakharova E.N., Avramenko E.P. Basic methodological approaches to assessing the economic potential of a region.
2012. URL: http://www.rusnauka.com/27_NPM_2012/Economics/13_116629.doc.htm

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