Economic development of the Russian Federation’s regions: factor-cluster analysis
Journal: Economy of Regions
Year: 2019

The economics of the Russian Federation is characterized by imbalanced social-economic development of its regions. For assessing the local regional imbalances we used the methods of multidimensional classification along with the methods of convergence analysis: methods of factor analysis, cluster analysis, discriminant analysis. The article offers to use exploratory factor analysis to cluster the Russian Federation's regions. This method allows performing the procedure of classification structur