Subject This article analyzes the changes in poverty of the population of the Russian Federation. Objectives The article aims to identify macroeconomic variables that will have the most effective impact on reducing poverty in Russia. Methods For the study, I used the methods of logical, comparative, and statistical analyses. Results The article presents a list of macroeconomic variables that, according to Western scholars, can influence the incomes of the poorest stratum of society and the number of unemployed in the country. The regression analysis based on the selected variables reveals those ones that have a statistically significant impact on the financial situation of the Russian poor. Relevance The results obtained can be used by the financial market mega-regulator to make anti-poverty decisions. In addition, the models built can be useful to the executive authorities at various levels for short-term forecasting of the number of unemployed and their income in drawing up regional development plans for the areas.
Keywords: theory of poverty, identification, poverty factors, modeling, low-income
References:
Smith A. Issledovanie o prirode i prichinakh bogatstva narodov [An Inquiry into the Nature and Causes of the Wealth of Nations]. Moscow, Izdatel'stvo sotsial'no-ekonomicheskoi literatury Publ., 1962, 684 p.
Samuelson P.A., Nordhaus W.D. Volkswirtschaftslehre, Übersetzung der 15. Wien, Auflage, 1998, 427 S.
Brodbeck K.-H. Ökonomie der Armut. Freiburg-Basel-Wien, 2005, S. 59–80. URL: Link
Wieser F. Über den Ursprung und die Hauptgesetze des wirthschaftlichen Werthes. Wien, Verlag Wirtschaft und Finanzen, 1999, 214 S.
Marx K. Zur Kritik der Hegelschen Rechtsphilosophie. Einleitung, MEW Bd. 1, 390 S. URL: Link
Besley T., Burgess R. Halving Global Poverty. Journal of Economic Perspectives, 2003, vol. 17, no. 3, pp. 3–22. URL: Link
Bhalla S.S. Imagine There's No Country: Poverty, Inequality and Growth in the Era of Globalization. Washington, DC, Institute for International Economics, 2002, pp. 1–28. URL: Link
Ellwood D.T., Dickens R. Whither Poverty in Great Britain and the United States? The Determinants of Changing Poverty and Whether Work Will Work (April 2001). KSG Working Paper, no. 01-010. URL: Link
Keynes J.M. Obshchaya teoriya zanyatosti. protsenta i deneg [The General Theory of Employment, Interest and Money]. Moscow, Direkt-Media Publ., 2014, 405 p.
Jung S.Y., Smith R.J. The Economics of Poverty: Explanatory Theories to Inform Practice. Journal of Human Behavior in the Social Environment, 2007, vol. 16, iss. 1-2, pp. 21–39. URL: Link
Cline W. Financial Crises and Poverty in Emerging Market Economies. Washington, DC, Center for Global Development Working Paper, June 2002, no. 8, 20 p. URL: Link
Granville B., Mallick S.K. Integrating Poverty Reduction in IMF-World Bank Models. Working Papers from eSocialSciences, 2006, pp. 1–29. URL: Link
Agénor P.‐R. Macroeconomic Adjustment and the Poor: Analytical Issues and Cross-Country Evidence. Journal of Economic Surveys, 2004, vol. 18, iss. 3, pp. 351–408. URL: Link
Early D.W., Olsen E.O. Subsidized Housing, Emergency Shelters and Homelessness: An Empirical Investigation Using Data from the 1990 Census. Advances in Economic Analysis and Policy, July 2001, vol. 2, iss. 1, pp. 1–47. URL: Link
Rank M.R., Yoon H.-S., Hirschl T.A. American Poverty as a Structural Failing: Evidence and Arguments. The Journal of Sociology and Social Welfare, 2003, vol. 30, iss. 4, pp. 3–29. URL: Link
Townsend P. Poverty in the United Kingdom. London, Allen Lane and Penguin Books, 1979, 1216 p. URL: Link
Blank R.M. Selecting Among Anti-Poverty Policies: Can an Economist be Both Critical and Caring? Review of Social Economy, 2003, vol. 61, iss. 4, pp. 447–469. URL: Link
Litinskaya E.Yu., Matyushina Yu.B. [The genesis of basic theories of poverty]. Vestnik VGU. Ser. Istoriya. Politologiya. Sotsiologiya = Bulletin of Voronezh State University. Ser. History. Political Science. Sociology, 2016, no. 3, pp. 74–77. URL: Link (In Russ.)
Ibragimova Z., Ishmukhametov N., Rossinskaya G. [Socio-economic differentiation of consumption of households in Russia during periods of economic contraction]. Ekonomika i upravlenie: nauchno-prakticheskii zhurnal = Economics and Management: Scientific and Practical Journal, 2017, no. 4, pp. 78–83. URL: Link (In Russ.)
Massarova A.R. [Poverty eradication in developing countries: evolution of concepts]. Vestnik RUDN. Ser. Ekonomika = Bulletin of RUDN. Ser. Economy, 2015, no. 4, pp. 51–63. URL: Link (In Russ.)
Shugaeva I.V., Lyakh P.P. [The Notion of Poverty in the Historical Context (Review of Concepts of the 19th–20th Centuries)]. Vestnik TOGU = Bulletin of Pacific State University, 2015, no. 4, pp. 197–204. URL: Link (In Russ.)