This article presents the results of multivariate correlations between regional governance system performance indicators and key indicators of socio-economic territorial development based on modern economic and mathematical tools. The representation of the socioeconomic system of the region as a space of key variables of socio-economic territorial development and regional authorities’ performance indicators allows the use of canonical correlation analysis tools. The analysis is performed on the indicators calculated for the regions of the Russian Federation for the period of 2008-2010. As a result, weak correlation was found between subject-object variables of meso-level economic systems. A visible correlation in two sets is observed between economic territory development and indicators of executive authorities’ performance such as the average monthly wage of civil servants of executive authorities of the Russian Federation constituent entities, tax and non-tax share of municipalities budget income in total municipalities budget income and the number of employees in the executive branch of the constituent entities of the Russian Federation. The lack of correlation between performance indicators of regional governance systems and socio-economic territorial development requires a revision of the existing formal approach to this evaluation.

Alla Kalinina Et Al (2015). Efficiency of Public Administration and Economic Growth in Russia: Empirical Analysis, European Research Studies Journal Volume XVIII Issue 3, 77-90