Resource Approach to Assessing the Development Opportunities of Regional Industrial Systems

Abstract

Currently, the development prospects of regional industrial systems are determined by a territory’s ability to fully utilise the available resource potential. However, the existing approaches to examining the industrial development potential do not take into account regional resource capacity. The article aims to assess the development opportunities of regional industrial systems, assuming that they are determined by the efficiency of utilisation of the available resource potential. To this end, the resource approach was applied. Comparative and trend analysis were used as research methods. The developed methodology was tested on the example of the Pridnestrovian Moldavian Republic (Transnistria) for the period 2014–2021 without considering the current situation in Ukraine. The conducted research demonstrated that the proposed toolkit can be used to identify factors limiting the development of regional industrial systems. Accordingly, a key limiting factor for Transnistria is fixed capital, showing a tendency to decrease the real residual value. It was concluded that regions not fully utilising their resource potential should implement investment mechanisms and measures to ensure the use of existing latent technological capabilities. The main limitation of the study is that the proposed assessment tools do not consider the demand for regional industrial products. Nevertheless, this methodology can be used to elaborate state industrial policy, providing an insight into the development prospects of regional industrial systems by comparing the actual production volume with its maximum possible with the full use of the resource potential.