FORMATION OF A METHODOLOGICAL APPROACH TO ASSESSING THE LEVEL OF DEVELOPMENT OF THE REGIONAL FINANCIAL SERVICES MARKET
D. A. Batalina
Omsk Motor Transport College, Omsk, Russia
e-mail: 5555511111.92@mail.ru
Abstract. The analysis of the approaches presented to date to assess the level of development of the financial services market allows us to conclude that there is no comprehensive representation of the phenomenon under study. The existing methods emphasize the assessment from the perspective of competitiveness, creditworthiness, economic development and social satisfaction, i.e. in the aspect of two elements – economy and society. However, due to the fact that at the moment special attention is paid to the concept of sustainable development, it is advisable to con¬sider the assessment of the level of development of the financial services market simultaneously through the prism of three components: economic growth, social welfare, environmental well-being. In connection with the above, the relevance of the study is to develop a methodology for assessing the functioning of the financial services market, which allows revealing the level of its development from the perspective of ensuring the sustainability of the region’s development.
The article uses the method of comparative analysis to study existing approaches to determining the level of development of the financial services market and the method of expert assessments to calculate the weighting coefficients of the methodology indicators in the formation of an integral indicator.
The main results of the study are the development of a comprehensive system for assessing the level of development of the financial services market in relation to such areas as economics, society, ecology.
The purpose of the study is to develop a methodology for assessing the level of development of the regional financial services market based on the concept of sustainable development.
The practical significance of the study lies in the possibility of using the results of the study in the activities of public authorities in the development of regional policy or analysis of socio-economic development of regions in the formation of a strategy within the financial and economic block.
Key words: financial services market, sustainable development, economic growth, social welfare, environmental well-being.
Cite as: Batalina, D. A. (2023) [Formation of a methodological approach to assessing the level of development of the regional financial services market]. Intellekt. Innovacii. Investicii [Intellect. Innovations. Investments]. Vol. 5, pp. 20–32, https://doi.org/10.25198/2077-7175-2023-5-20.
