Analysing Rural Development Models Based on Intangible Assets and Socio-Economic Development

Despite the existence of a variety of conceptual approaches to rural development, there is a lack of methods that take into account intangible assets, such as, for example, social capital, leadership, and local identity. A more effective design of the rural development strategy may be achieved by uncovering knowledge regarding the manifestation of various intangible resources. Territorial development policies, both in terms of the level of socio-economic development and the presence of intangible resources in rural areas, are investigated in this study. The main objective is to determine how intangible resources manifest in specific empirical models of development policy for rural settlements. A novel ensemble of indices and indicators of socio-economic development and the manifestation of intangible resources, calculated based on the method of analytical hierarchies and frequency analysis, are provided. These allow for a comprehensive study of the development of rural areas by clustering settlements with a similar level of development. Patterns and deficits of resources in rural settlements are analysed according to empirical models. Verification of the empirical models is carried out by assessing the level of socio-economic development and indicators of intangible resources for 12 rural settlements in the south of Russia. Therefore, several groups of factors of intangible resources splitting the factors related (reflect the current state) and unrelated (reflect the development potential) to the socio-economic development of rural settlements have been specified.