ECONOMIC ANALYSIS OF THE REGIONAL POLICY AS THE FRAMEWORK FOR THE REGIONAL MANAGEMENT METHODOLOGY

Abstract

The methodology of regional management has been considered in this article. It has been noted that it consists of three components: economic, social and environmental, which are in interaction with each other. It has been concluded that the methodology of regional management should be aimed at involving different participants in the development process and planning in order to create a common perspective. It has been determined that the implementation and enforcement of regional economic policy is the most important component through which it is possible to achieve effective implementation of management decisions. It has been concluded that the methodology of regional management includes several components, namely: development of a strategic platform, component plans and a plan for monitoring and evaluation of implementation measures. Of these three components, such a component as the analysis of regional economic policy has been identified. Conduction of a qualitative economic analysis of regional economic policy is a very important element of the methodology of regional management, because thanks to it this is possible to determine the priority of the application of all regional policies. As mentioned earlier, economic analysis of regional policy is an integral part of the methodology of regional management. Based on the work of Olexander Kilievich in which two aspects of any economic analysis of regional economic policy (positive and normative) are distinguished, the sequence of economic analysis of regional policy has been provided. It has been noted that the facts need to be analyzed first, the next step is to analyze the values and the last step is to decide on the course of action by the authorities. It has been determined that there are also time limits for the implementation of the analysis of regional economic policy. Depending on the time of analysis, there are: ex-ante analysis and ex-post analysis. It has been concluded that the effectiveness of further implementation of regional economic policy of the region and the country as a whole will depend on the effective analysis of regional economic policy.