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Economic Analysis: Theory and Practice
 

Application of machine learning methods to assess the socio-economic development of Russian regions

Vol. 24, Iss. 4, APRIL 2025

Received: 18 July 2024

Accepted: 19 August 2024

Available online: 15 April 2025

Subject Heading: MATHEMATICAL METHODS AND MODELS

JEL Classification: C6, J1, R1

Pages: 139-157

https://doi.org/10.24891/ea.24.4.139

Ekaterina V. MOLCHANOVA Petrozavodsk State University (PetrSU), Petrozavodsk, Republic of Karelia, Russian Federation
molch@yandex.ru

https://orcid.org/0000-0003-4717-5708

Subject. The article discusses the use of mathematical and computer modeling methods to create fundamentally new tools for solving the problems of finding optimal ways of demographic and socio-economic development of Russian regions, given their specifics.
Objectives. The study aims at modeling and forecasting the demographic and socio-economic development of Russian regions, using machine learning algorithms, including methods of cluster and regression analysis.
Methods. I created a database of socio-economic indicators of Russian regions for 2022, which included three interrelated blocks: demographic processes, economic development, quality of life and the environment. The information was processed using the high-level Python programming language, including specialized libraries for data analysis and visualization, like Pandas, NumPy, Scikit-learn, Matplotlib, Seaborn.
Results. I developed new predicative analytical models based on machine learning algorithms. They enable to evaluate the main demographic and socio-economic indicators of Russian regions.
Conclusions. The interconnection of all social processes necessitates the search for a point of optimal (balanced) equilibrium of the economy, since only in this case the State will be able to ensure the required rates of economic growth and a decent standard of living for its citizens in compliance with all social guarantees. The designed algorithms can help analyze and predict various indicators of demographic and socio-economic development of territories, and create regional policy and strategic documents.

Keywords: region, socio-economic development, regional policy, data analysis, mathematical modeling

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