The concept of effectiveness of regional industrial policy

Abstract

At the theoretical and practical levels it has been proved that the mechanism of regional industrial policy should be adapted to the social and economic state of the region's development, taking into account the features of the economic structure and the state of provision of economic resources. There is a problem of searching for a variant of the most effective mechanism of regional industrial policy. Since there are no specific performance criteria for today, it is advisable to study in depth the concept of "the effectiveness of regional industrial policy." The aim of the article is to study the theoretical and practical aspects of the concept of "the effectiveness of regional industrial policy." The main part of the research is aimed at delineating the semantic load of the concepts "economic effect", "economic efficiency" and "productivity (productivity)." The essential characteristics of the concept of "the effectiveness of regional industrial policy" have been substantiated in the article. A model for assessing the efficiency and effectiveness of economic policy has been proposed.