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Economic Analysis: Theory and Practice
 

Assessing the complex efficiency of socio-economic well-being of the population for government regulation purposes

Vol. 14, Iss. 16, APRIL 2015

PDF  Article PDF Version

Available online: 30 April 2015

Subject Heading: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

JEL Classification: 

Pages: 16-25

Spitsyna L.Yu. Tomsk Polytechnic University, Tomsk, Russian Federation
s_luba_07@mail.ru

Spitsyn V.V. Tomsk Polytechnic University, Tomsk, Russian Federation
spitsin_vv@mail.ru

Importance The global economic science recognized the leading role of socio-economic well-being of the population in the assessment of the quality of national systems' economic development. Therefore, the issues related to evaluation techniques for the well-being creation process and its determining factors are extremely important. These issues are particularly significant for the countries, which are behind the leaders in terms of generally accepted standards of socio-economic well-being, but which are willing to change the situation.
     Objectives The objective is to develop a methodological approach to the formation of the system of indicators to assess the well-being of the population, which is aimed at government regulation.
     The paper considers foreign approaches to assessing the well-being of the population, and offers a unique approach, which applies the methodology of complex efficiency in the context of socio-economic well-being of the population.
     Methods
We applied such research methods as structuring, typology, comparison, analogy, and systems analysis. We developed and used a unique methodological approach to the integrated assessment of the effectiveness of complex social and economic objects.
     Results
We have classified the indicators of socio-economic assessment that exist in the world practice. The study shows the need to apply a system approach and the methodology of assessing complex efficiency when analyzing the socio-economic well-being of the population, as they enable to identify and investigate the object more accurately. As a result, it is possible to research the entire system of building the socio-economic well-being of the territory, rather than its individual component (population). In addition, it is possible to investigate the optimality, effectiveness, and efficiency. We demonstrated the application of the methodology at various stages of government regulation of socio-economic well-being of the population.
     Conclusions and Relevance We conclude to that to develop adequate measures of State influence on socio-economic well-being, it is necessary to apply a system approach to the study of this phenomenon, as well as a methodology of assessing the complex efficiency, including optimality, effectiveness and performance criteria.

Keywords: socio-economic well-being, complex efficiency, government regulation, optimality, effectiveness, performance

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