Assessment of Capitalization as a Management Tool of Economic Development of a Region

Abstract

The article suggests the authors' definition of capitalization of regional economy as a process of effective business usage, increase of revenues and values of complex capital assets of regional economic agents. The functions of capitalization are systematized and peculiarities of their implementation at the regional level are revealed. The authors define and structure the objects of capitalization of regional economy. The author's methodology and tools of assessment of capitalization of regional economic potential based on the income approach with the usage of integral indicators are developed. The results of the investigation are presented as a map of development and capitalization of regional economic potential of the regions of Central Black Earth economic region. The conclusions justify the set of measures to increase the capitalization of regional economic potential differentiated in key areas.

DOI: 10.5901/mjss.2015.v6n3s5p93