Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: Integrated Assessment of the Socioeconomic Systems’ Development
Issue: Vol. 11, No 1, 2018
Published date: 30-03-2018 (print) / 30-03-2018 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Romualdas Ginevičius
Vilnius Gediminas Technical University

Dainora Gedvilaitė
Vilnius Gediminas Technical University

Andrius Stasiukynas
Vilnius Gediminas Technical University

Martin Čepel
Paneuropean University in Bratislava
Keywords: socioeconomic systems (SES), SES development, multicriteria assessment, integrated assessment, economic development
DOI: 10.14254/2071-789X.2018/11-1/1
Index PUBMS: e33c419e-8680-11e8-911b-901b0efa6e97
Language: English
Pages: 11-21 (11)
JEL classification: O10, Q01
Website: http://www.economics-sociology.eu/?552,en_integrated-assessment-of-the-socioeconomic-systems%E2%80%99-development
Licenses:
Abstract

A permanent property applicable to every socioeconomic system (SES) is its development. SES development is an integrated process with two sides that can be distinguished, i.e. quantitative and qualitative ones. The quantitative side reflects its static aspect, i.e. the state of the development at a certain point in time. The qualitative side of development reflects its dynamics, i.e. the scope of development changes. In order to make an integrated assessment of the standing of SES development, both these aspects above have to be assessed in a quantitative manner and be further combined into one generalised value. These days, assessment of the standing of SES development is limited to evaluation of the achieved level only, i.e. its quantitative assessment. Due to the fact that all socioeconomic systems are always large and complex systems, they tend to have a multitude of aspects. The indicators that reflect such aspects form a system thereof. It is thus the basis for further multicriteria assessment of the development state. In order to reduce the number of indicators to be assessed simultaneously so that experts could establish the weights thereof in a sufficiently accurate manner, a hierarchically structured system of indicators is developed and presented here. Following this methodology, the level of economic development across Lithuanian regions has been determined. When the scope of development changes was established on that basis, the integrated indicator of the regional development state was calculated following the proposed formula. On the basis of the correlation-regression analysis, it has been determined that the scope of development changes is larger in the regions with lower level of development achieved.

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