Comprehensive Statistical Assessment of Indexes of Economic Growth and Material Welfare of the Ukrainian regions

Abstract

The article offers the statistical methodology for assessment of relationship between economic growth and material welfare of the Ukrainian regions based on the method of complex statistical coefficients by using statistical data for 2016. The theoretical and applied aspects of opportunities of studied method for comprehensive rating assessment of Ukrainian regions through standardizing the values of examined indexes in economic and material welfare spheres are considered. Definition of the term “material welfare of a population” is given in the article. Material welfare of a population is determined in time quantitative-qualitative characteristic of standard of living of population of a country as summarized result of the state policy in social field and economic activity of a population in production and consumption fields. Structured and logical schema of mutual influence between the spheres of economics and material welfare of a population is suggested by the author. It was found that the standard of living of a population directly generates material welfare that in turn to be a background for a quality of life. At the same time such distribution of macroeconomic definitions is a new approach enable for statistical studying of relationship between the state of economy and the sphere of material welfare of Ukrainian population. Rating assessment is calculated by available statistical data obtained from the results of state statistical observation performance. In this regard formation of the system of 119 indicators that comprehensively describes the levels of development of material welfare sphere and county’s economy has been conducted. The final results of the assessment are studied in comparison with some other well-known rating assessments in these spheres. Тhe article proclaims that statistical studying of correlation between indexes of economic sphere and indexes in the sphere of material welfare is necessary. For that purpose, it has been developed the way of assessment the degree of relationship of studied spheres based on complex weighted coefficient of variances according to the formula proposed by the author. From the results of calculations of that coefficient and according to the criteria for assessing the stability of a correlation it is justified that the gap between the levels of economic development and material welfare of a population of Ukrainian regions should be reduced. Such approach is considered to determine exact tasks for public administration policy to increase economic growth in relationship with material welfare of a population. It can be an effective tool for managing the state of affairs, planning in performance management process and improving the value of relationship between the levels of development in the spheres under review.