EVALUATION OF THE CORRELATION BETWEEN THE LIVING STANDARDS LEVEL, SOCIO-ECONOMIC AND DEMOGRAPHIC PROCESSES IN UKRAINE

Authors

DOI:

https://doi.org/10.18371/fcaptp.v2i37.230665

Keywords:

correlation, correlation coefficient, indicators, living standard, social progress, economic growth, demographic change, evaluation

Abstract

Abstract. The aim of the study is to quantify the correlation between economic growth, social progress, demographic change, and living standards.

To establish the correlation between social and economic processes the indicators were selected, using correlation-regression analysis the correlation between them was determined. The dynamics and connections tightness of 72 social and economic and demographic indicators based on official statistics for 17 years were analyzed in aggregate. As a result of the study revealed a close ligament between population’s lifetime, population growth and economic development and well-being, in particular, between gross domestic product per capita and total fertility rate, average population age, quintile ratio of funds that differentiate the degree of differentiation of funds people.

The tight correlation between the average age of population, the «monetary» well-being indicators of population (the average amount of the assigned pension, the average monthly wage, the disposable income per person) and consumption (the volume of industrial production, retail turnover) were also determined. It has been found that the change in disposable income per person is closely related to a number of demographic indicators, such as population, natural population growth (reduction), and average age of population.

The study also found that the growth of gross domestic product does not depend directly on the population and the number of people employed in the economy. It is determined that there is a medium correlation between indicators of crimes detected and the number of higher education institutions and the number of students in these institutions. There is also a lack of correlation between unemployment and crime rates with socio-economic indicators, although they should be.

Keywords: correlation, correlation coefficient, indicators, living standard, social progress, economic growth, demographic change, evaluation.

JEL Classification O11, O15, P36

Formulas: 0; fig.: 1; tabl.: 4; bibl.: 16.

Published

2021-04-30

How to Cite

Burlan , S., Katkova, N., & Marushchak, S. (2021). EVALUATION OF THE CORRELATION BETWEEN THE LIVING STANDARDS LEVEL, SOCIO-ECONOMIC AND DEMOGRAPHIC PROCESSES IN UKRAINE. Financial and Credit Activity: Problems of Theory and Practice, 2(37), 482–492. https://doi.org/10.18371/fcaptp.v2i37.230665

Issue

Section

The social-humanitarian context of transformational finance-economical processes