Investigation of interregional economic integration based on index analysis

Don State Technical University, sq. Gagarina, 1, Rostov-on-Don, 344010, Russia

^* Corresponding author: borisovalv09@mail.ru

Abstract

The paper suggests an approach based on the application of index analysis when studying the process of interregional economic integration. Interregional economic integration can be regarded as a multilateral process, covering various industrial and business ties, social and economic relations, arising between mesa economic entities – regions of the country. Economic interests of the entities of transregional ties are the backbone foundation of this process. The practical use of the index method for the analysis of the interregional commodity turnover as one of the main economic indicators that define the development of interregional economic integration, made it possible to study geographic structure of import and export of goods, evaluate and obtain new results characterizing interregional interaction of Rostov Region with regions of the Southern Federal District in dynamics for three large types of products: food products, non-food products, technical and industrial goods. In the course of study of trade and business ties of the region with other participants of the interregional integration the sectoral and geographical structures of import and export of goods, interdependence of economic-wide indicators and the degrees of the region’s economic ties development, the problems of the efficiency of the existing sectoral structure of interregional commodity exchange were analyzed.