Approaches to Modeling Trajectories of Regions Economic Complexity Estimates

The comparison of indices of economic complexity of regions based on data on production volumes by sector and indices based on data on types of economic activity is carried out.Analytical estimates of the impact of the development of a sector or type of economic activity to a strong level on the structures of regional economies have been obtained.The trajectories of assessments of the economic complexity of the regions are based on two approaches: 1) the choice of such a sector or type of economic activity in the region for development to a strong level that ensures maximum growth of the economic complexity of the region; 2) the choice of such a sector or type of economic activity in the region for development to a strong level, which has the maximum assessment of economic complexity.The analysis of the trajectories of assessments of the economic complexity of regions can be useful in solving management tasks aimed at increasing the economic complexity of the region, as it allows us to assess the mutual impact of changes in the structures of strong sectors of regional economies.At the same time, the trajectories of assessments of the economic complexity of regions, constructed in two different ways, should be considered as alternatives for comparison with the trajectories obtained on the basis of expert choice of the direction of diversification.

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Publication Details

Journal
MONTENEGRIN JOURNAL OF ECONOMICS
Published
2025-10-15
DOI
https://doi.org/10.14254/1800-5845/2025.21-4.15
Primary Topic
Economic and Technological Innovation
Type
article
Field-Weighted Citation Impact
0.00

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article

Approaches to Modeling Trajectories of Regions Economic Complexity Estimates

Mikhail Afanasiev, Aleksei A. Gusev
MONTENEGRIN JOURNAL OF ECONOMICS
Economic and Technological Innovation
article

Approaches to Modeling Trajectories of Regions Economic Complexity Estimates

Mikhail Afanasiev, Aleksei A. Gusev
article en

Abstract

The comparison of indices of economic complexity of regions based on data on production volumes by sector and indices based on data on types of economic activity is carried out.Analytical estimates of the impact of the development of a sector or type of economic activity to a strong level on the structures of regional economies have been obtained.The trajectories of assessments of the economic complexity of the regions are based on two approaches: 1) the choice of such a sector or type of economic activity in the region for development to a strong level that ensures maximum growth of the economic complexity of the region; 2) the choice of such a sector or type of economic activity in the region for development to a strong level, which has the maximum assessment of economic complexity.The analysis of the trajectories of assessments of the economic complexity of regions can be useful in solving management tasks aimed at increasing the economic complexity of the region, as it allows us to assess the mutual impact of changes in the structures of strong sectors of regional economies.At the same time, the trajectories of assessments of the economic complexity of regions, constructed in two different ways, should be considered as alternatives for comparison with the trajectories obtained on the basis of expert choice of the direction of diversification.

MONTENEGRIN JOURNAL OF ECONOMICSVol. 21(4)
Ministry of Science and Higher Education of the Russian Federation
Openalex Percentile: Top 61%
Economic and Technological Innovation
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