THE ECONOMIC CONDITIONS OF ENTERPRISE FUNCTIONING Measurement of Lithuanian Regions by Regional Competitiveness Index

The theoretical and practical aspects of the measurement of regional competitiveness by a composite index are analyzed in this article. While the concept of regional competitiveness is not formed yet at the academic level and the method of competitiveness measurement, which is grounded methodologically and accepted generally, is still missing, the competitiveness of a region can be measured in different ways: analyzing one or several factors of competitiveness, using theoretical models of competitiveness, creating composite indices, etc. Every method has its advantages and disadvantages. Each of them can be useful in the measurement of regional competitiveness, because they emphasize different aspects of the concept of competitiveness. The justification of identification of the factors of competitiveness and the test of results for robustness and sensitivity are requested for the transparency of each method. The summarized scheme of the measurement of regional competitiveness by regional competitiveness index (RCI) is presented in the article. The measurement of regional competitiveness is based on the factors of competitiveness. To identify the factors of competitiveness, the following traditional models of competitiveness can be used as methodological foundations: the “National Diamond ” model, “Double Diamond ” model, “Nine factors ” model, “Regional competitiveness hat