Assessment of the reputation capital impact of a region on its economic growth parameters (On the example of the Republic of Tatarstan)

Abstract

© 2019, Research Trend. All rights reserved. The study of reputational capital and its impact on the development of regional/national economic systems is unfairly deprived of attention in the research space. However, it is necessary to state that in recent years the attention of scientists has begun to concentrate on this issue more and more. Mean while, the theory of the territories' reputational economy has still not received proper development and attention, which largely limits this research paradigm based on the study of intangible factors of production in the system of socio-economic development of regions or national economic systems in general. The subject of the research is the development of the concept and methodological approaches to the study of the theory of the reputational economy with regional economic systems. This implies not only the development and justification of a set of theoretical positions but also the provision of theory with practical recommendations based not only on qualitative methods of analysis but on methods of quantitative modelling of the processes under study using a set of mathematical models. The novelty of the research lies in the conceptual approach developed by the authors involving quantitative assessment of the region's reputation capital and its impact on the time course of macroeconomic parameters. Its implementation ensures the development of the reputational economy theory concerning regional economic systems. As a result of the study, integral indices of the reputation capital of the Republic of Tatarstan were determined, which allowed, based on the construction of a system of regression equations, to determine its contribution to the formation of GRP. The implementation of the developed approach forms a significant potential for further research in the field of forecasting and modelling the socio-economic development of regional systems.