Poverty in the Russian regions: determination of the main factors based on an econometric model
The paper deals with the problem of poverty in the Russian Federation; the most significant factors affecting the level poverty are identified on the sample of the Volga Federal District. The study is extremely relevant under the coronacrisis, since the last led to a decline in the standard of living of the population in Russia and in the world at large. The subject of the study is a quantitative and qualitative analysis of publicly available data related to the issues under consideration, and the search for correlation relationships. The authors argue that there are two crucial factors - unemployment rate and income level - that impact the poverty level in national economy. According to the results of econometric modeling, the hypothesis of a significant statistical relationship between the unemployment rate, per capita monetary income and the share of the population with low income was confirmed. The results obtained are of theoretical value and practical significance for further analysis and selection for tools for solving the problem. In addition, the article raises the question of further work on the refinement of theoretical provisions, legislative clarifications and the choice of an optimal approach to the definition of the official “poverty line” in order to maximize the positive effects of the socio-economic government policy. This is necessary, first of all, for improving social protection, the quality of life, sustainable well-being of the population and eliminating existing barriers to inclusive social growth.