METHODOLOGICAL AND PRACTICAL ASPECTS OF ECONOMETRIC ANALYSIS OF INDICATORS OF ECONOMIC DEVELOPMENT OF REGIONS
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Abstract
The study examines the methodological and practical aspects of applying econometric analysis to assess indicators of regional economic development. In the context of growing socio-economic disparities between territories, the use of advanced quantitative tools becomes essential for identifying key determinants, measuring development imbalances, and forecasting future trends. The paper outlines a comprehensive methodological framework that integrates descriptive statistics, regression modeling, and time-series analysis to evaluate regional economic performance. Special attention is paid to issues of multicollinearity, heteroskedasticity, and endogeneity, which often complicate empirical estimation. On the practical side, the research provides case-based evidence demonstrating how econometric methods can inform regional policy-making, resource allocation, and long-term strategic planning. By combining theoretical rigor with empirical application, the study contributes to the development of robust analytical instruments that enhance the accuracy of economic diagnostics and support balanced regional growth.
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