Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies

In accord with the analysis of fulfillment of the active regional development strategies in regions of Ukraine the effectiveness of their realization is rather low. There is no correlation between the determined strategic purposes of the regional development. The diversity of targets, which are dete...

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Дата:2013
Автори: Lyashenko, V.I., Zhykhareva, Yu.I., Vyshnevskyy, O.S.
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Опубліковано: Інститут економіки промисловості НАН України 2013
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Цитувати:Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies / V.I. Lyashenko, Yu.I. Zhykhareva, O.S. Vyshnevskyy // Економічний вісник Донбасу. — 2013. — № 4 (34). — С. 75–80. — Бібліогр.: 8 назв. — англ.

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spelling irk-123456789-1233852017-09-04T03:03:09Z Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies Lyashenko, V.I. Zhykhareva, Yu.I. Vyshnevskyy, O.S. International and Regional Economics In accord with the analysis of fulfillment of the active regional development strategies in regions of Ukraine the effectiveness of their realization is rather low. There is no correlation between the determined strategic purposes of the regional development. The diversity of targets, which are determined in the strategies, leads to the resource scattering and makes the adequate quality monitoring of these strategies fulfillment impossible. It is impossible to define whether the positive changes took place during the given period in the final conclusion. The analogical situation happens in the process of building the strategy of the local communities' development. Also, the absence of the evaluative composite indicator of the effective realization of the development strategies prevents from the interregional comparison of the social and economic development and the monitoring of the contribution of each region in the national social and economic development. Як свідчить аналіз виконання наявних регіональних стратегій розвитку регіонів України, ефективність їх реалізації є вкрай низькою. Між визначеними стратегічними цілями регіонального розвитку відсутнє взаємоузгодження та взаємозв’язок. Різноманіття цільових показників, визначених в стратегіях, призводить до розпилення ресурсів та унеможливлює проведення адекватного моніторингу якості виконання цих стратегій. У кінцевому підсумку неможливо визначити, чи мали місце позитивні зміни загалом протягом визначеного періоду. Аналогічне становище має місце під час стратегування розвитку місцевих громад. Відсутність комплексного показника оцінки ефективності реалізації регіональних стратегій розвитку перешкоджає міжрегіональному співставленню соціально-економічного розвитку та моніторингу внеску кожного регіону в національний соціально-економічний розвиток. Как свидетельствует анализ выполнения действующих региональных стратегий развития регионов Украины, эффективность их реализации является крайне низкой. Между определенными стратегическими целями регионального развития отсутствует взаимосвязь. Многообразие целевых показателей, определенных в стратегиях, приводит к распыленности ресурсов и делает невозможным проведение адекватного мониторинга качества выполнения этих стратегий. В конечном итоге невозможно определить, имели ли место позитивные изменения в целом в течение определенного периода. Аналогичное положение имеет место при стратегировании развитии местных сообществ. Отсутствие комплексного показателя оценки эффективности реализации региональных стратегий развития препятствует межрегиональному сопоставлению социально-экономического развития и мониторинга вклада каждого региона в национальное социально-экономическое развитие. 2013 Article Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies / V.I. Lyashenko, Yu.I. Zhykhareva, O.S. Vyshnevskyy // Економічний вісник Донбасу. — 2013. — № 4 (34). — С. 75–80. — Бібліогр.: 8 назв. — англ. 1817-3772 http://dspace.nbuv.gov.ua/handle/123456789/123385 332.012.2(477) en Економічний вісник Донбасу Інститут економіки промисловості НАН України
institution Digital Library of Periodicals of National Academy of Sciences of Ukraine
collection DSpace DC
language English
topic International and Regional Economics
International and Regional Economics
spellingShingle International and Regional Economics
International and Regional Economics
Lyashenko, V.I.
Zhykhareva, Yu.I.
Vyshnevskyy, O.S.
Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies
Економічний вісник Донбасу
description In accord with the analysis of fulfillment of the active regional development strategies in regions of Ukraine the effectiveness of their realization is rather low. There is no correlation between the determined strategic purposes of the regional development. The diversity of targets, which are determined in the strategies, leads to the resource scattering and makes the adequate quality monitoring of these strategies fulfillment impossible. It is impossible to define whether the positive changes took place during the given period in the final conclusion. The analogical situation happens in the process of building the strategy of the local communities' development. Also, the absence of the evaluative composite indicator of the effective realization of the development strategies prevents from the interregional comparison of the social and economic development and the monitoring of the contribution of each region in the national social and economic development.
format Article
author Lyashenko, V.I.
Zhykhareva, Yu.I.
Vyshnevskyy, O.S.
author_facet Lyashenko, V.I.
Zhykhareva, Yu.I.
Vyshnevskyy, O.S.
author_sort Lyashenko, V.I.
title Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies
title_short Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies
title_full Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies
title_fullStr Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies
title_full_unstemmed Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies
title_sort expediency of application of the regional and municipal (communal) wealth indicators at the generation of the regional and urban development strategies
publisher Інститут економіки промисловості НАН України
publishDate 2013
topic_facet International and Regional Economics
url http://dspace.nbuv.gov.ua/handle/123456789/123385
citation_txt Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies / V.I. Lyashenko, Yu.I. Zhykhareva, O.S. Vyshnevskyy // Економічний вісник Донбасу. — 2013. — № 4 (34). — С. 75–80. — Бібліогр.: 8 назв. — англ.
series Економічний вісник Донбасу
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AT vyshnevskyyos expediencyofapplicationoftheregionalandmunicipalcommunalwealthindicatorsatthegenerationoftheregionalandurbandevelopmentstrategies
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fulltext 75 Економічний вісник Донбасу № 4 (34), 2013 In accord with the analysis of fulfillment of the active regional development strategies in regions of Ukraine the effectiveness of their realization is rather low. There is no correlation between the determined strategic purposes of the regional development. The diversity of targets, which are determined in the strategies, leads to the resource scattering and makes the adequate quality monitoring of these strategies fulfillment impossible. It is impossible to define whether the positive changes took place during the given period in the final conclusion. The analogical situation happens in the process of building the strategy of the local communities’ development. Also, the absence of the evaluative composite indicator of the effective realization of the development strategies prevents from the interregional comparison of the social and economic development and the monitoring of the contribution of each region in the national social and economic development. The presence of the evaluative composite indicator of the effective realization of the development strategies of any territorial entity allows to evaluate the changes in the development quickly and precisely. It allows to define the expediency of the social and economic transformations and to make the ways of correction. In the function of this indicator it is rational to point out RW (regional wealth), MW (municipal wealth) on both levels: regional and municipal. The whole of the regional wealth forms the national wealth (NW), and the municipal wealth is included into the regional wealth body. For the consolidation of terms, such as: national, regional and municipal wealth it is reasonable to introduce the only category – spatial wealth (SW). The role definition of each author of the regional and municipal wealth will help to increase the level of attraction of the local community and the regional business community to the progressive development of the relevant territorial subdivisions and the accumulation of the regional (municipal) wealth. The spatial (regional and municipal) wealth is the evaluative composite indicator of the effective realization of the development strategies of any territory which displays all the aspects of the region development or the municipal subdivision. The overwhelming majority of investigations concerning the structure and measuring the economical category of wealth refer to the national level. At the same time the attention is paid to the separate strands of wealth. This problem is being researched by the following national economists: V. P. Antonyuk, S. I. Doroguntsov, I. M. Bobuh, S. S. Shumska, L. V. Shynkaruk; also, this problem is paid attention to from the international organizations, such as The World Bank and Organisation for Economic Co-operation and Development (OECD). Summing up the present scientific approaches to the definition of the concept “wealth” it is possible to point out such its strands as: human capital (the quality and quantity of the human resources), natural capital, physical capital (fixed capital, the cushion of the working capital, intangible assets including licences, patents, software etc.). Regional (municipal) wealth structure scheme in fig. 1. The defined strands of wealth are universal; in case of calculation they can be reconciled to the countervalue that provides the mutual additivity. That is why the general calculation formula of the spatial (regional and municipal) wealth is the following: SW (RW, MW) = HC + NC + PC, where SW (RW, MW) – spatial (regional and municipal) wealth; HC (human capital) NC (natural capital) PC (physical capital) It is inexpedient to point out the financial capital in the form of financial assets as a different strand of the national wealth by some researchers because the financial capital is the monetary form of the defined kinds of capital only. Also, it is necessary to note that household loans for education decrease the cost of the human capital. In accord with the given scheme of the regional (municipal) wealth the content of the regional development strategies and the development strategies of territorial communities has a potential concerning the concretization of designation of quantitative characters of each element UDC 332.012.2(477) V. I. Lyashenko, DrHab (Economics), Yu. I. Zhykhareva, O. S. Vyshnevskyy, Intstitute of industrial economics of National academy of Sciences of Ukraine, Donetsk EXPEDIENCY OF APPLICATION OF THE REGIONAL AND MUNICIPAL (COMMUNAL) WEALTH INDICATORS AT THE GENERATION OF THE REGIONAL AND URBAN DEVELOPMENT STRATEGIES V. I. Lyashenko, Yu. I. Zhykhareva, O. S. Vyshnevskyy 76 Економічний вісник Донбасу № 4 (34), 2013 weight of the regional (municipal) structure and the ways of increase and optimization of its volume in actual data and monetary forms during the defined term of the strategy functioning. The quality of spatial (regional and municipal) development is being estimated as changes of the corresponding wealth volume during the estimation period. If the period of the strategy functioning – t years, starting from the year n, then changes of spatial wealth will be ∆ SW = SWn+t - SWn, where SWn – regional wealth volume in the beginning of the strategy functioning, SWn+t – regional wealth volume in the end of the strategy functioning. In this case the strategic management of the regional (municipal) development concentrates to the maximization of the additional wealth ∆ SW (∆ RW та а ∆ MW). It allows to give a grounding in formation of the single system for taking decisions concerning strategic directions of the development of the certain territory and their estimation. Human capital in the structure of spatial wealth plays a main role. In economically developed countries a part of human capital works out approximately 3/4 in national wealth and has a middle tendency to increase during the last century, at the same time in Ukraine it is 1/2 only. Id est it is human capital that contains a potential for the faster accumulation of spatial wealth on the basis of the simultaneous economic postindustrialization and neoindustrialization. There are two main approaches to estimate human capital. The first one is based on consideration of cumulating expenditures connected with its formation, and the second one – with the evaluation of the total income which will be obtained by an individuum during the whole his life. Cost method contains a number of disadvantages among which the usual consumption and multivalued allocation of charges between investments in the development of the personality (i.e. his ploughback) are. Also, cost method as a rule touches the previous expenditures. Discounted cash flow method also is not perfect. The proper definition of the rate and the assessment of the future cash flows for the long-term outlook belong to its crucial problems. But this is the method that is directed to the future and allows to follow the single methodology of the calculation with other strands of spatial wealth. That is why this method is appropriate to evaluate the human capital. The wide approbation of the calculation of the human capital with discounted cash flow method was applied at the realization of the relevant OECD project. Within the framework of this project only the market part of the human capital was taken into account in the age from 15 to 65 years old which were divided into 2 groups. The first group – people in the age from 15 to 40 years old, who are able not only to work but also to study. The second group – people in the age from 41 to 64 years old who can work only. For people in the age from 15 to 40 the human capital calculation formula is: )/)))1/()1(((( ))1/()1(( )1( 1 1 11 eduedu tedu age t t tage edu eduedu age edu ageage edu eduedu age edu age edu age edu age trLINSUR ENRrLINSUR ENRAINEMRLIN eduedu −+ = + − ++ − ++××× ×+++××× ×−+×= ∑ ∑ ∑ − δ δ (1), V. I. Lyashenko, Yu. I. Zhykhareva, O. S. Vyshnevskyy Municipal (regional) wealth HC (human capital) The quantity of labor force The quality of labor force The cost of labor force NC (natural capital) PC (physical capital) Mineral, fuel and energy resources Land resources Water resources Biological resources Fixed capital of enterprises and organizations Population’s wealth The cushion of the working capital Incomplete constructions of the material building activity Debtors and creditors of enterprises and organizations Intangible assets (licences, patents, software) Fig. 1. The Structure of the spatial (regional and municipal) wealth 77 Економічний вісник Донбасу № 4 (34), 2013 Where edu ageEMR – the probability for people in the “age” with education “edu” to be busy; edu ageAIN – the current annual income in the “age” with “edu”; eduedu ageENR − – the part of people in “age” with education “edu”, who obtain the education of the next level “edu”; 1+ageSUR – the probability for people in the “age” with education “edu” to live till the “age+1”; edu ageLIN 1+ – the discounted value of the lifelong incomesin the “age+1” with “edu”; r – annual growth rate of the real salary; δ – rate of discounting; eduedut − – the terms of education (the amount of years) of people with “edu” in the educational institutions with the higher level; the amount of years of studying at the educational institutions where “edu” is given. For people in the age from 41 to 64 the calculation formula is the next: ))1/()1(( )1( 11 δ++××× ×−+×= ++ −∑ rLINSUR ENRAINEMRLIN edu ageage edu eduedu age edu age edu age edu age (2) Thus, the cost of the human capital depends on the workers' education and the economic situation of the relevant territory which is characterized with the level of employment and the cost of manpower. That is why this directions must be the priorities of the strategic development. It is expected that the owner has a rational behavior. He is aiming to maximize the utility of his future real consumption C(t): max))(( 0 →∂−∫ dtetCU t T (3) , 1 )( 1 β β − = −CRU при 1≠β ; CCU ln)( = при 1=β , where ∂ – time advantage, β – aversion for the owner’s risk. The owner solves the task (3) due to the selection of the values 0)( ≥tM , 0)( ≥tS , 0)( ≥tC , within the framework of the balance with the primary conditions which have been set 0)0( =M , 0)0( ≥S and the price forecast p{t), profitability r(t) and the stock price s(t), that also have been set. We include the linear terminal condition of the general kind: 0)()( ≥+ TSaTM S . The owner's task is the standard problem of the choice of the income optimal division. The task solution specifies: demand for consumer goods C(t) in the goods market; demand for stock S(t) in the stock market; demand of the owner for money M(t) at any moment [ ]Tt ,0∈ in dependence on the forecast p(t), profitability r(t) and the stock price s(t) for the whole period [0, T]. Under the natural resource potential we understand a set of natural resources and natural conditions that are situated in certain geographic boundaries that ensure satisfaction of economic, environmental, social, cultural, recreational and aesthetic needs of the individual and society. There is a number of approaches of the identification and assessment of natural resource capital. Some researchers identify up to 10 methods of the assessment. However, discounted cash flow method and cost method can be considered as basic ones. Cost method includes cost estimates needed to restore the existing natural resources. The discounted cash flow method is actually considering the transformation of natural resources into capital through its economic capitalization. This calculation formula of the present discounting value of the separate natural resours was offered by the specialists of the World Bank: )( 1 )1/( ti i Tt ti it rqV − −+ = += ∑π (4), where πiqi – common production profitability at the moment of time i (рi – rent, qi – manufacture), r – social discounting rate; t – the starting point of resource use; T – the resource use duration. Spreading formula (4) on the natural capital it is possible to define that ∑ = = N 1k kV capital) (natural NC , where N – the number of natural resources names, Vk – discounting cost of the natural resource k, k=1…N. Taking into account the dynamism of the modern economy, restriction of period t + T (the life cycle of the resource from the beginning of its development), with valid strategy is appropriate. The essential problem is to determine the social discounting rate that reflects the alternative possibility of using resources by society or between two time periods or between different investment options. As a matter of fact, the physical capital is materialized V. I. Lyashenko, Yu. I. Zhykhareva, O. S. Vyshnevskyy 78 Економічний вісник Донбасу № 4 (34), 2013 labor of past generations, or its cash equivalent. Therefore, the physical capital includes not only tangible assets (fixed assets, equipment, machinery and equipment, transport infrastructure, personal property, etc.), but also the intangible assets in the form of licenses, patents, software, etc. as well as the accounts of enterprises and organizations. Approaches to the assessment of each of the components of wealth are mixed. First of all, there are contradictions in the apportionment of natural resource and physical capital. For example, mineral resources, which are on the balance of individual businesses, are the factors creating its value of its assets. I.e. they were capitalized at the level of enterprise and should be classified as physical capital. From the other hand, natural resources are the part of the natural capital. Similar arguments can be made about land or forest resources. Also, looking at the forest resources as a component of the natural resource capital, their evaluation can be done in two ways. First, the cost of wood, and secondly as a recreational area that can receive income due to recreational services. Significant problems with evaluation of spatial wealth exist in accounting the financial resources in case of a debt creation at multinational companies in a particular area, and so on. For example, in Donetsk region there Mining and Metallurgical Company “Metinvest” debt exceeds 4 mldr. U.S. dollars. This debt was formed, on the one hand, on the security of fixed assets (bank loans), and on the other, in the form of bond issues ie, guaranteed by business in general. The business generally includes the ownership and use of mineral resources (coal, iron ore, etc.). Thus, this debt load should correct the decrease of the cost of natural resources and physical capital. Methodologically coordinated and scientifically substantiated evaluative composite indicator of the effective realization of the development strategies is a useful tool for the consolidation of forces to reach the separate strategic goals which form the spatial wealth and help the qualitative monitoring of these strategies fulfillment to take place. Due to the evaluative composite indicator the effectiveness of realization of the management strategy of the regional and local development leads to capital portfolio management (human, natural and physical) with the aim of its accumulation and increase. The coordination of economic and social processes which take place in a region with the further definition of the effectiveness indicators as for the socially responsible business environment and also for the united citezenhood is a perspective direction of the regional wealth accumulation. Taking into account that the part of the human capital in Ukraine is well below than the same part in economically developed countries the structural changes of the spatial wealth should be realized in the increase of the human capital part. Also, considering the ambiguity and contradictoriness of the natural and physical capital calculation it is expedient to shift the accents up to the increase and estimation namely of the human capital. National wealth is a strand and the most important part of the social and economic potential of the country and its regional resources. National wealth – as an important economic category and important indicator of the obtained level of the economic development – is being calculated in all the developed civilized countries of the world and is applied in the international comparisons. For example, national wealth is defined as resource pool of the country (economic assets), the necessary conditions of commodities production, service and protection of human life in Russian official statistics. It consists of economic objects which crucial criteria is a possibility to have an economic profit by their owner, i.e. acquisition of income from the property. By international standards, the national wealth is a collection of accumulated wealth and intangible assets (financial and non-financial), created by the labor of all previous generations (national wealth) belonging to the country and its residents in the economic territory and abroad, and also explored and attached to economic circulation of natural resources. The volume of the national wealth depicts the results of the own capital accumulation: financial and non-financial assets from legal persons and individuals in sectors of industry of the country and its regions. The national wealth is the torque indicator, which distinguishes it from many other macroeconomic ones. The important moment of the regional wealth definition is its element evaluation. The following forms of evaluation are in the national statistics: book value (historical) – in accord with the original price; the cost of change (replacement value) – in accord with the cost in the end of the period being analyzed; market value (according to the market price). Interesting attempts to evaluate the national wealth in Ukraine are given in [1; 2].On the basis of evaluation of the strands of national wealth which are offered in the work by I. M. Bobuh [2, p. 150 – 151] we have made the calculative values of the regional wealth of the old-industrial economic regions of Ukraine: Donbass (Donetska and Luhanska regions), Prydniprovya (Dnipropetrovska, Zaporizka and Kirovogradska regions), Slobozhanschina (Kharkivska, Sumska, Poltavska regions) which are shown in the table 1. Such an approach can be used to develop scenarios of institutional and structural changes, and indicators of evaluation of the implementation of regional and urban strategies of socio-economic development. V. I. Lyashenko, Yu. I. Zhykhareva, O. S. Vyshnevskyy 79 Економічний вісник Донбасу № 4 (34), 2013 Ta bl e 1 Th e a ss es sm en t o f r eg io na l w ea lth d iv isi on w ith in th e b or de rs o f t he o ld -in du st ri al re gi on s o f t he E as te rn U kr ai ne 0 1. 01 .2 01 1, th ou sa nd s o f U S D ol la rs V. I. Lyashenko, Yu. I. Zhykhareva, O. S. Vyshnevskyy 80 Економічний вісник Донбасу № 4 (34), 2013 References 1. Ляховець О. О. Оцінка національного багат- ства України [Електронний ресурс]. – Режим доступу : http://lib.chdu.edu.ua/pdf/naukpraci/economy/2010/126- 113-1.pdf 2. Структурні зміни та економічний розви- ток України: монографія / Геєць В. М., Шинкарук Л. В., Артьомова Т. І. та ін. ; за ред. д-ра екон. наук Л. В. Шин- карук; НАН України ; Ін-т екон. та прогнозування. – К., 2011. – 696 с. 3. Антонюк В. П. Людський капітал ре- гіонів України в контексті інноваційного розвитку : монографія / В. П. Антонюк, О. І. Амоша, Л. Г. Мельцер та ін. ; НАН України, Ін-т економіки промисловості. –До- нецьк, 2011. – 308 с. 4. Національне багатство Украї- ни / за ред. С. І. Дорогунцова. – К. : РВПС України НАН України, 2005. – 224 с. 5. Бобух І. М. Пропорції та перспективи формування національного багатства України : монографія / І. М. Бобух ; НАН України ; Ін-т екон. та прогнозування. – К., 2010. – 372 с. 6. Шум- ська С. С. Капіталізація економіки України: оцінка і ре- зерви зростання / С. С. Шумська // Економічна теорія. – 2004. – № 3. – С. 60 – 79. 7. Шинкарук Л. В. Нагрома- дження основного капіталу: теорія, аналіз та тенденції роз- витку в Україні / Л. В. Шинкарук. – К. : “Україна”, 2006. – 375 с. 8. Вишневський О. С. Концептуальний підхід до формування комплексного показника оцінки ефек- тивності реалізації стратегії випереджального розвит- ку регіону Вишневський О. С., Котов Є. В., Ляшен- ко В. І. // Матеріали IV Міжнародної науково-практич- ної конференції. – Сімферополь, 2013. – 412 с. Ляшенко В. І., Жихарєва Ю. І., Вишнев- ський О. С. Доцільність застосування показників регіонального та муніципального (комунально- го) багатства під час розробки регіональних та місь- ких стратегій розвитку Як свідчить аналіз виконання наявних регіональ- них стратегій розвитку регіонів України, ефективність їх реалізації є вкрай низькою. Між визначеними страте- гічними цілями регіонального розвитку відсутнє взаємо- узгодження та взаємозв’язок. Різноманіття цільових показників, визначених в стратегіях, призводить до розпилення ресурсів та унеможливлює проведення адекватного моніторингу якості виконання цих стра- тегій. У кінцевому підсумку неможливо визначити, чи мали місце позитивні зміни загалом протягом визна- ченого періоду. Аналогічне становище має місце під час стратегування розвитку місцевих громад. Відсут- ність комплексного показника оцінки ефективності ре- алізації регіональних стратегій розвитку перешкоджає міжрегіональному співставленню соціально-економіч- ного розвитку та моніторингу внеску кожного регіо- ну в національний соціально-економічний розвиток. Ключові слова: багатство, регіони, стратегія, по- казник, місто, розвиток. Ляшенко В. И., Жихарева Ю. И., Вишнев- ский О. С. Целесообразность применения показа- телей регионального и муниципального (комму- нального) богатства при разработке региональных и городских стратегий развития Как свидетельствует анализ выполнения дей- ствующих региональных стратегий развития регионов Украины, эффективность их реализации является край- не низкой. Между определенными стратегическими целями регионального развития отсутствует взаимо- связь. Многообразие целевых показателей, определен- ных в стратегиях, приводит к распыленности ресур- сов и делает невозможным проведение адекватного мониторинга качества выполнения этих стратегий. В конечном итоге невозможно определить, имели ли место позитивные изменения в целом в течение опре- деленного периода. Аналогичное положение имеет место при стратегировании развитии местных сооб- ществ. Отсутствие комплексного показателя оценки эффективности реализации региональных стратегий развития препятствует межрегиональному сопостав- лению социально-экономического развития и мони- торинга вклада каждого региона в национальное со- циально-экономическое развитие. Ключевые слова: богатство, регионы, стратегия, показатель, город, развитие. Lyashenko V. I., Zhykhareva Yu. I., Vyshnevskyy O. S. Expediency of Application of the Regional and Municipal (Communal) Wealth Indicators at the Generation of the Regional and Urban Development Strategies In accord with the analysis of fulfillment of the active regional development strategies in regions of Ukraine the effectiveness of their realization is rather low. There is no correlation between the determined strategic purposes of the regional development. The diversity of targets, which are determined in the strategies, leads to the resource scattering and makes the adequate quality monitoring of these strategies fulfillment impossible. It is impossible to define whether the positive changes took place during the given period in the final conclusion. The analogical situation happens in the process of building the strategy of the local communities' development. Also, the absence of the evaluative composite indicator of the effective realization of the development strategies prevents from the interregional comparison of the social and economic development and the monitoring of the contribution of each region in the national social and economic development. Key words: wealth, regions, strategy, index, city, development. Received by the editors: 24.09.2013 and final form 04.12.2013 V. I. Lyashenko, Yu. I. Zhykhareva, O. S. Vyshnevskyy