Approaches and methodologies employed in constructing ratings for the social-economic performance of the constituents of the russian federation

Abstract

The article examines the major approaches used in constructing ratings for the social-economic performance of the constituents of the Russian Federation (RF). The work also presents a methodology for constructing such ratings, which is based on aggregating various indicators characterizing crucial factors that define the economic standing of a particular region. The article concludes that these ratings help define the standing of any particular region on Russia's economic map. © IDOSI Publications, 2013.