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Economic Analysis: Theory and Practice
 

A comparative analysis of indices of social and economic development using the characteristics of regional differentiation

Vol. 19, Iss. 7, JULY 2020

Received: 4 June 2020

Received in revised form: 15 June 2020

Accepted: 30 June 2020

Available online: 30 July 2020

Subject Heading: MATHEMATICAL METHODS AND MODELS

JEL Classification: C12, C51, R15

Pages: 1336–1359

https://doi.org/10.24891/ea.19.7.1336

Afanas'ev M.Yu. Central Economics and Mathematics Institute, RAS, (CEMI RAS) Moscow, Russian Federation
mi.afan@yandex.ru

https://orcid.org/0000-0002-5050-7454

Kudrov A.V. Central Economics and Mathematics Institute, RAS, (CEMI RAS) Moscow, Russian Federation
kovlal@inbox.ru

https://orcid.org/0000-0003-2495-5496

Gusev A.A. Central Economics and Mathematics Institute, RAS (CEMI RAS), Moscow, Russian Federation
gusevalexeyal@yandex.ru

ORCID id: not available

Subject. The article considers indices of socio-economic development of regions.
Objectives. We perform a comparative analysis of indices that characterize the level of economic development of the subjects of the Russian Federation and identify the indices that do not have significant differences.
Methods. The study draws on general scientific methods of analysis.
Results. The correlation analysis at the first stage helped reduce the number of indices to be analyzed at the next stages. At the second stage, we built regressions of each index for the basic characteristics of differentiation. Based on the analysis of beta coefficients, we identified differentiation characteristics, which have a significant impact on the indices in question. At the third stage, we built the matrix of values of the cosines of angles between each pair of indices under consideration.
Conclusions. The analysis of the cosines of angles between indices calculated using the regression coefficients of these indices for differentiation characteristics enabled to confirm the results of correlation analysis and identify a subset of indices that are not distinguishable in solving management tasks parameterized with the use of differentiation characteristics.

Keywords: regional economy, econometric modeling, regional differentiation, comparative analysis, socio-economic index

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