Assessment of contribution by corporate structures of the construction business to the economic development of territories

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SERGEY V. RAEVSKY^а

^аRussian Presidential Academy of National Economy and Public Administration

LYUBOV A. BELYAEVSKAYA-PLOTNIK^b

^bInstitute of Economics and Crisis Management

ANDREY A. ROMASHIN^c

^c“Menshen” Real Estate Agency

DOI: 10.22394/2070-8378-2020-22-5-45-50

Abstract:
The article considers the development of methodology for assessing the contribution of corporate structures of the construction business to the economic development of territories. In the article, a specific theoretical approach is used, i. e. when choosing the instruments of regional administration, it is required to use precisely those, which with a minimum impact will lead to maximum effectiveness. When working on this hypothesis, appropriate estimates are used to assess the contribution of large corporate structures of the construction business to the creation of the Gross Regional Product with the usage of correlationregression models. The adoption of effective management decisions to a large extent depends on the selection of the right areas of impact on those types of businesses that form the largest share of value-added. This approach allows us to highlight the tools to support the corporate structures of the construction business in developing the economic policy of the region.

Keywords:
economic development of territories, regional economy, construction business, regional development factors, characteristics of regional development, risks of regional development, correlation and regression analysis, large corporate structures, regional development tools

Received:
October 23, 2019

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