Analysis of the Dynamics of Synthetic Indicators of the Quality of Life in View of the Influence on Them of the Determinant of State Economic Policy

Abstract

Introduction. The effectiveness of a country’s economic policy can be measured using economic or social criteria that are interconnected and interdependent. Therefore, it is desirable to have a relatively small number of generalizing criteria-indicators (or even better – a single synthetic criterion-indicator) with the help of which it would be possible to measure the effectiveness of state economic policy, but the search for such criteria-indicators continues. The analysis of approaches to solving this problem shows that the priority direction is the use of the concept of quality of life. Purpose. In this work, we aim to analyze the dynamics of Ukrainian synthetic indicators of quality of life and a defined set of key explanatory variables-determinants of the state’s economic policy in order to identify problem areas in the socio-economic development of Ukraine. That is, consider approaches to solving the fourth task of our research based on the application of regression analysis. Results. Approaches to the study of the dynamics of synthetic indicators of the quality of life (QOL) and their determinants, which are determined on the basis of regression analysis from the a priori data set of the state’s economic policy, are considered. An analysis of the results of the dynamics of these SIAs and their determinants during 2010-2019 is presented. The obtained results indicate that on the basis of the analysis of the dynamics of Ukrainian synthetic indicators of the quality of life and their determinants, it is possible to ensure the identification of problem areas in the socio-economic development of Ukraine, which should be influenced by means of the state’s economic policy. Conclusion. As a result, we found a positive answer to the main question of our research: how, based on the analysis of the dynamics of synthetic indicators of the quality of life and their determinants, can we ensure the identification of problem areas in the socio-economic development of Ukraine, which should primarily be influenced by the means of state economic policy?