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Regional Economics: Theory and Practice
 

The standard of living in the Magadan region: myths and reality

Vol. 12, Iss. 26, JULY 2014

Available online: 6 July 2014

Subject Heading: Region development strategy

JEL Classification: 

Pages: 10-20

Gal'tseva N.V. North-Eastern Interdisciplinary Research Institute named after N.A. Shiloh, Far Eastern Branch of RAS, Magadan, Russian Federation
galtseva@neisri.ru

Favstritskaya O.S. North-Eastern Interdisciplinary Research Institute named after N.A. Shiloh, Far Eastern Branch of RAS, Magadan, Russian Federation
dasefa@mail.ru

Sharypova O.A. North-Eastern Interdisciplinary Research Institute named after N.A. Shiloh, Far Eastern Branch of RAS, Magadan, Russian Federation
olga@north-east.ru

The article presents a comparative assessment of the main indicators of quality of life in the Magadan region, regions of the Far East Federal District and the Russian Federation. The detailed analysis and comparison of indicators with the level of 1990 debunk the myth of a high standard of living in the region and explain the causes of mass exodus. The authors propose areas for action to improve the situation and the achievement of the targets established in relevant government documents.

Keywords: standard of living, average per capita income, purchasing power, life expectancy at birth, migration, Magadan region

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