UDC 332.1
DOI: 10.36871/ek.up.p.r.2024.11.01.010
Authors
Laila R. Gazieva,
Chechen State University n. a. A. A. Kadyrov, Grozny, Russia
Galina A. Ovseenko,
Kazan State Power Engineering University, Kazan, Russia
Malika A. Sadueva,
Grozny State Petroleum Technical University named
after academician M.D. Millionshchikov
Abstract
Economic development is a constantly evolving process. Due to differences in economic factors and development environments, there are also differences in the evolutionary paths of economic development models in different regions. Based on various combinations of indicators in three dimensions, the regional economic development model is divided into eight types, including resource-based, endogenous market models. The contribution of human capital and scientific and technological progress to economic growth is still small, and economic growth is still supported by high investments. Changing the economic growth regime and accelerating economic transformations is the only way for the region’s economic growth. This article provides a comprehensive overview based on existing research and classifies the types of models of regional economic development.
Keywords
economic development, regional economy, evolutionary process, endogenous models.
