Analysis of the structure of the regional labor market and its impact on the gross regional product

Abstract

We have been conducting research to determine the impact of the structure of the regional labour market on regional development. We have studied the entities of the Central Federal District in general and the Bryansk region in particular. We have limited our labour market study to the research and development sector. We have used statistical analysis to test our hypothesis that there is no statistically significant correlation between regional enterprise expenditure and the movement of regional gross product. We have found that the structure of the regional labour market in the field of research and development is characterized by a steady downward trend of personnel engaged in research and development. The Pearson coefficient obtained for the analysis of the correlation between research and development expenditure and the gross regional product of companies in the Central Federal District does not suggest a significant correlation between the indicators. In general, we do not believe that it is possible to assert a stable trend in innovative development of the regions of the Central Federal District. What can be said with confidence is the inconsistency of the statistical information that served as the basis for the study, which in turn led to rather contradictory analyzes.