Sectoral structural shifts as the factor of region’s economic growth
Journal Title: Регіональна Економіка - Year 2016, Vol 81, Issue 3
Abstract
At current stage of social and economic changes that took place both at a world scale and at a scale of country and region the improvement of economic structure is one of the most important priorities of economy development strategy. Sectoral structure not only is the independent factor of influence on economic growth, but it also directly defines the nature of economic development of state regions. Competitive ability of national economy in modern globalized world directly depends on which sectors prevail in the structure of regions’ economy, which sources and factors are used in production and what place a certain individual takes in economic relations. <br>The article aims to research theoretical views over the analysis of sectoral shifts in order to define major factors of influence on economic growth of the region. <br>The article analyses basic historical and evolutional stages of development of theoretical views over sectoral structural shifts in order to define major factors of influence on economic growth of the region. The issue of forming of region’s sectoral structure is outlined and the role and meaning of sectoral shifts in the mentioned processes are defined. The article proves that poor detachment of notions ‘regional sectoral shifts’ and ‘regional sectoral changes’ is the weak link of economic research. The issues of peculiarities of sectoral shifts in the economy of regions remain to be poorly examined. The article defines that competitive ability of branches is the major factor of regions’ economic growth. It is outlined that evolution of theoretical views over the problem of sectoral structural shifts allowed achievement of considerable progress in the analysis and evaluation of structural processes in the economy and policy forming in order to regulate condition of certain branches.
Authors and Affiliations
Aleksander Prokopiuk
Keywords
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