Calculating the rating of central districts in the Sakha Republic (Yakutia) by the level of economic development using an integral indicator

Abstract

Currently, research into the socio-economic development of municipal areas is relevant, including those using various approaches and methods of comparative analysis. The main tool for a comparative analysis of the economic development of municipal districts is the development of an appropriate rating. The ratings make it possible to determine the relationships between municipal districts that have developed over a certain period of time based on basic economic indicators. The scholarly article discusses an approach using an integral indicator in developing a rating of the central districts in the Sakha Republic (Yakutia) by the level of their economic development. The implementation of this approach consists of several stages and includes: defining a system of economic indicators, bringing them into a comparable form, standardizing all indicators, calculating the integral indicator, and determining the rating. Twelve economic indicators were selected for the calculations, so that they cover the production and service sectors in a generalized form. The indicators were brought into a comparable form by recalculating them per capita and normalized relative to the corresponding maximum values. The integral indicators of the main economic indicators of the central districts in the Sakha Republic (Yakutia) from 2010 to 2021 were calculated using the geometric mean formula based on the corresponding standardized indicators. Municipal districts with the highest integral indicators took a higher place in the ranking. The calculations showed that municipal districts with relatively developed manufacturing and mining industries have higher integral scores and, accordingly, are in a higher place in the economic development ranking compared to agricultural municipal districts.