Financial Solvency of Russian Regions in 2005-2011: Experience of Classification Analysis

The article is devoted to the development of classification of the territorial entities of the Russian Federation based on the data of the State statistical reporting for 2005-2011 and aimed at assessment of financial solvency of regions concerning budget support, attracting of investments, promoting export-import relationships with foreign countries and inter-government relations with the Federal center. The main achievement is a new approach to formation of integrated characteristics (indexes) which work equally well in different periods of economic development (in the period 2005-2011 we could observe uprising, crisis and an initial stage of the recovery). As a result 4 indexes reflecting different aspects of affluence on the regions' were designed, and common criteria of classification created, all the regions were divided into 6 well interpreted classes.