The Conceptual Bases for the Formation and Implementation of the Regional Economic Policy

• Main Author: Simkiv Liliia Ye.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2019-04-01
• Series: Bìznes Inform
• Subjects: regional economic policy; conceptual approach; regional development; competitiveness of region; internal potential of region
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2019-4_0-pages-157_162.pdf

The article defines the conceptual bases for the formation and implementation of the regional economic policy. It is substantiated that the given concept will ensure increase of competitiveness of regions, achievement of a balanced territorial development, implementation of the complex of the initiated reforms at the local, regional and national levels. In the course of the research, an algorithm for the development and implementation of the regional economic policy has been developed, which involves a certain sequence of stages – from the choice of conceptual bases, principles of its formation to defining the substantiation of strategic goals and tactical tasks, as well as the instruments for implementation and evaluation of their effectiveness. The main approaches to the formation of the concept of regional economic policy are considered and the priority directions of this policy are defined. It is substantiated that this policy should be aimed at solving strategic but not current problems of the regional development and promoting the efficient use of the internal potential of regions; improvement of inter-budget relations; extension of powers of the local self-government bodies; preventing the growth of disproportions in regional development, etc.