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Study on how transformation of regional economy affects living standards of the population

https://doi.org/10.34023/2313-6383-2016-0-10-73-85

Abstract

The article presents results of a study on determining the directions for structural transformation of economy of the Krasnoyarsk Territory which would promote sustainable economic development and thus improve the performance of current economic system. This study revealed the degree to which the structure of territory economy can affect the key indicator of economic performance of the region - that is living standards of the population. This research was conducted, using cluster analysis and similarity evaluation, it demonstrated that one of the conditions for improving the regional economy’s resistance to external and internal factors is to increase the share of the following kinds of activities in the structure of territorial GRP: «Agriculture, hunting and forestry» (OKVED, Section A) and «Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods» (OKVED, Section G) - which should be followed by the reduction of the existing dependency of the economic system from mining and quarrying. In the same vein evaluation of series of regression models proved that structure of regional economy and the changes that it had undergone over the period in question, failed to demonstrate significant impact on living standards indicators, such as average wages and median age at death. The conclusions, that were formulated on the basis of this research can be taken into account during the decision making process by those state authorities of the Krasnoyarsk territory that are responsible for implementing regional economic policy.

About the Authors

Sergey M. Okladnikov
Rosstat Statistical Office for the Krasnoyarsk Territory
Russian Federation


Anna M. Ivanova
Rosstat Statistical Office for the Krasnoyarsk Territory
Russian Federation


Taras A. Safonov
Rosstat Statistical Office for the Krasnoyarsk Territory
Russian Federation


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Review

For citations:


Okladnikov S.M., Ivanova A.M., Safonov T.A. Study on how transformation of regional economy affects living standards of the population. Voprosy statistiki. 2016;(10):73-85. (In Russ.) https://doi.org/10.34023/2313-6383-2016-0-10-73-85

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ISSN 2313-6383 (Print)
ISSN 2658-5499 (Online)