An analysis of regional economy and the search for reserves of the gross-value-added growth in the region
Importance The article deals with the present-day problems of regional economic policies of the Kaliningrad oblast. Objectives The paper aims to estimate the economic growth and elaborate proposals for improving the gross value added of production in manufacturing activities in the region. Methods We used the results of statistical and sociological research, qualitative, quantitative and factor analyses, as well as the regulatory and legislative framework that defines the specifics of the region as a special economic zone. Results We developed and present certain proposals to improve gross value added of products in the manufacturing activities of the Kaliningrad oblast. Conclusions We concluded that the processing industries are in precarious economic situation and exposed to the strong influence of many factors: currency fluctuations, instability of financial and commodity markets, changing consumer demand, risk of supply of raw materials, materials and components.