Analisys of Financial Potential of a Region: Case of Yamal

Abstract:

The approach to valuing the financial potential of the region using the fuzzy sets theory is considered in the article. The "Regional Finance" component of the system of regional indicators was used to determine the input variables. On the basis of the strategic map, factors that influenced the financial potential of the region were determined. The linguistic scale for estimating the financial potential indicator was developed, and the indicator was calculated for the Yamal Region of Russian Federation. The fuzzy logic was introduced to involve experts’ assessment to obtain aggregated indicator of the socio-economic development, which is especially important due to insufficiency or poor quality of statistical data. The obtained indicator of financial potential can be used for monitoring the socio-economic development of the region.

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