Social Investment: Measuring the Effect on the Popula-tion Welfare of the Russian Far East

DOI

10.2991/iscfec-18.2019.9How to use a DOI?

Keywords

Budget Expenses, Social Investments, Population Welfare, Differentiation, Far East.

Abstract

The article studies expenses of budgets on education, healthcare, social policies, housing and public utilities, as social investments that contribute to the population welfare. Using model constructs built on the base of dynamic and panel data, the authors received the estimates of effect of social investments on parameters of population welfare in the Far East in 2000-2017. As part of traditional approach to quantity analysis of regression dependence both aggregate (macro-region) and local (disaggregated by territories) indicators are considered. The article shows that the relation between expenses on healthcare and indicators of population welfare becomes statistically significant only when taking into account spatial distribution, which means that the effects concentrate in certain territories. The article establishes that in case of counting the expenses by territories, the effect of social investments on the changes in population welfare is much lower than when measuring it using aggregate social investments in the whole region. It is shown that aggregated measurements of effects from social investments produce inflated expectations. Increasing state expenses on population welfare in the region makes sense only when taking into account spatial and industrial distribution of budgetary resources.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - S.N. Naiden
AU  - A.V. Belousova
AU  - M.A. Gritsko
PY  - 2019/01
DA  - 2019/01
TI  - Social Investment: Measuring the Effect on the Popula-tion Welfare of the Russian Far East
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 37
EP  - 40
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.9
DO  - 10.2991/iscfec-18.2019.9
ID  - Naiden2019/01
ER  -