On the issue of impact of income inequality on the socio-economic development of territories
The issues of economic inequality and justice were considered in the works of the philosophers of Ancient Greece. Over time, the problem of income inequality has not lost its relevance, which is confirmed by domestic and foreign studies. Until 2015, the capital of the Russian Federation had the high...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2024-11-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/5549 |
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| author | M. L. Bykova |
| author_facet | M. L. Bykova |
| author_sort | M. L. Bykova |
| collection | DOAJ |
| description | The issues of economic inequality and justice were considered in the works of the philosophers of Ancient Greece. Over time, the problem of income inequality has not lost its relevance, which is confirmed by domestic and foreign studies. Until 2015, the capital of the Russian Federation had the highest value of the Gini index, which indicates a high degree of inequality in income distribution in the territory of this subject. Over time, the situation has changed, in particular, by increasing the incomes of the least well-off groups of the population, providing them with subsidies and payments. The purpose of the study is to analyse to what extent these changes have an impact on the socio-economic development of the region. With the help of econometric calculations, the degree of dependence between the equity index and the value of the gross regional product per capita has been determined. It is revealed that there is an inverse relationship between the considered indicators, that is, a reduction in income inequality has an impact on the growth of regional production. The high value of the coefficient of determination indicates the high quality of the constructed model. The possibility of using the simulation results in practice is confirmed by calculations of the average approximation error and the Fisher criterion. |
| format | Article |
| id | doaj-art-edba0d34f6674772be4091146860ed27 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-edba0d34f6674772be4091146860ed272025-02-04T08:28:22ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-11-0109838910.26425/1816-4277-2024-9-83-893205On the issue of impact of income inequality on the socio-economic development of territoriesM. L. Bykova0Vladimir State University named after Alexander and Nikolay StoletovsThe issues of economic inequality and justice were considered in the works of the philosophers of Ancient Greece. Over time, the problem of income inequality has not lost its relevance, which is confirmed by domestic and foreign studies. Until 2015, the capital of the Russian Federation had the highest value of the Gini index, which indicates a high degree of inequality in income distribution in the territory of this subject. Over time, the situation has changed, in particular, by increasing the incomes of the least well-off groups of the population, providing them with subsidies and payments. The purpose of the study is to analyse to what extent these changes have an impact on the socio-economic development of the region. With the help of econometric calculations, the degree of dependence between the equity index and the value of the gross regional product per capita has been determined. It is revealed that there is an inverse relationship between the considered indicators, that is, a reduction in income inequality has an impact on the growth of regional production. The high value of the coefficient of determination indicates the high quality of the constructed model. The possibility of using the simulation results in practice is confirmed by calculations of the average approximation error and the Fisher criterion.https://vestnik.guu.ru/jour/article/view/5549inequalityincome distributionsocio-economic developmentgini indexequity indexgross regional producteconometric modelling |
| spellingShingle | M. L. Bykova On the issue of impact of income inequality on the socio-economic development of territories Вестник университета inequality income distribution socio-economic development gini index equity index gross regional product econometric modelling |
| title | On the issue of impact of income inequality on the socio-economic development of territories |
| title_full | On the issue of impact of income inequality on the socio-economic development of territories |
| title_fullStr | On the issue of impact of income inequality on the socio-economic development of territories |
| title_full_unstemmed | On the issue of impact of income inequality on the socio-economic development of territories |
| title_short | On the issue of impact of income inequality on the socio-economic development of territories |
| title_sort | on the issue of impact of income inequality on the socio economic development of territories |
| topic | inequality income distribution socio-economic development gini index equity index gross regional product econometric modelling |
| url | https://vestnik.guu.ru/jour/article/view/5549 |
| work_keys_str_mv | AT mlbykova ontheissueofimpactofincomeinequalityonthesocioeconomicdevelopmentofterritories |