PEOPLE WELLBEING AS FACTOR OF INFLATION DIFFERENTIATION AMONG RUSSIAN REGIONS
T.K. Molchanova1,2, D.A. Ruban2,3, N.N. Yashalova4
1National Research University Higher School of Economics, Moscow, Russian Federation
2Southern Federal University, Rostov-on-Don, Russian Federation
3Moscow State University of Technologies and Management, Moscow, Russian Federation
4Cherepovets State University, Cherepovets, Russian Federation
Keywords: инфляционные ожидания, потребительские цены, пространственная экономика, региональное развитие, уровень жизни, inflation expectations, customer prices, spatial economy, regional development, life level
Abstract
People wellbeing influences on the behavior of producers, traders, and customers, which itself can facilitate an increase in prices. There has been conducted an analysis of relation of gross regional product, customer expenses, and monetary income of population (all taken per capita and in average for the analyzed time span) to index of customer prices accumulated during 2010-2016. An unclear positive relation has been established on the level of regions, whereas this relation becomes moderately positive on the level of federal districts. In the both cases, the relation has not been found for gross regional product, which parameter should be excluded from further analyses of this kind. The influence of the factor of people wellbeing on the inflation differentiation in Russia is minimized by the action of the other factors and some complex mechanisms, although this influence should be taken into account for development of a conjugated state policy aimed at equating life level in the country space and targeting inflation.
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