Economic Development of Industrial Region: Evaluation Approach

Abstract

The article presents the calculation of indicators for the economic system of the Udmurt Republic on the basis of regional economic growth model of Solow. When substituting the identified values of parameters into the model, estimated generalizing macroeconomic indicators are derived describing the dynamics of the economic system of the Udmurt Republic. Model (calculated according to the Solow model) values of the considered indicators for the period from 1996 to 2011, as well as their forecast for the period from 2012 to 2016 are given.