Kibisova Z.S.Institute of Economics, Karelian Research Center of RAS, Petrozavodsk, Russian Federation zoia591@mail.ru
Importance To ensure decent living standards of the population is a priority in most developed countries, therefore, the interest in studying the factors influencing changes in the quality and conditions of life of the population is growing. Objectives The study aims to apply the econometric approach to assess the living standards of people in municipalities of the Republic of Karelia. Methods We used a set of econometric algorithms to develop a rating of the life quality of population living in municipal regions, which we realized in the form of an originally devised program module in the R statistical package. Results Based on the municipal statistics, we developed an information base consisting of three blocks of indicators, built a rating of administrative and territorial units of the Republic of Karelia, and analyzed the dynamic pattern of changes in indicators reflecting the situation in regions. This enabled to estimate the divergence of regions based on the complex system of indicators that characterize the quality of life environment. Conclusions Using the economic and mathematical tools to assess the life quality of people in municipal regions of the Republic of Karelia enabled to identify leaders and outsiders among territories. This approach gives a chance to plan major areas of economic and social development of territories, make relevant administrative decisions which will facilitate the choice of the most effective ways of social and economic development of the Republic.
Keywords: life quality, living standards, economic and mathematical methods, socio-economic development, municipal region
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