Assessment of investments in education impact on the Russian regional economic stability

The study assesses the public and private investment in education impact on the economic stability level in the Russian regions. The paper is based on the hypothesis of the key role of educational infrastructure development in the sustainable regional economy formation. The direct correlation betwee...

Full description

Saved in:
Bibliographic Details
Main Author: V. V. Stroev
Format: Article
Language:English
Published: Publishing House of the State University of Management 2024-03-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/5078
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1832541488350756864
author V. V. Stroev
author_facet V. V. Stroev
author_sort V. V. Stroev
collection DOAJ
description The study assesses the public and private investment in education impact on the economic stability level in the Russian regions. The paper is based on the hypothesis of the key role of educational infrastructure development in the sustainable regional economy formation. The direct correlation between the population’s educational level and the dynamics of gross regional product, investment activity and territorial innovative development has been analyzed. The influence degree of investments in the highly qualified personnel training on the unemployment reduction, growth of average per capita income of citizens, knowledge-intensive economy sectors development has been assessed. The study is based on the analysis of the Federal State Statistics Service of the Russian Federation data, review of regional budgets for 2020–2022 and expert surveys among economists and educational workers. The correlation and regression analysis methods were applied to determine the relationship between the investment in education volume and regional economic stability indicators. The preliminary study results indicate a significant investment in education impact on the regional economic stability. In particular, the regions with higher investments in the educational sphere have lower unemployment rates, higher average income per capita and higher level of enterprises’ innovative activity.
format Article
id doaj-art-90b1ac1e51254dbda96f791f9c34e6a5
institution Kabale University
issn 1816-4277
2686-8415
language English
publishDate 2024-03-01
publisher Publishing House of the State University of Management
record_format Article
series Вестник университета
spelling doaj-art-90b1ac1e51254dbda96f791f9c34e6a52025-02-04T08:28:19ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-03-010213314110.26425/1816-4277-2024-2-133-1413033Assessment of investments in education impact on the Russian regional economic stabilityV. V. Stroev0State University of ManagementThe study assesses the public and private investment in education impact on the economic stability level in the Russian regions. The paper is based on the hypothesis of the key role of educational infrastructure development in the sustainable regional economy formation. The direct correlation between the population’s educational level and the dynamics of gross regional product, investment activity and territorial innovative development has been analyzed. The influence degree of investments in the highly qualified personnel training on the unemployment reduction, growth of average per capita income of citizens, knowledge-intensive economy sectors development has been assessed. The study is based on the analysis of the Federal State Statistics Service of the Russian Federation data, review of regional budgets for 2020–2022 and expert surveys among economists and educational workers. The correlation and regression analysis methods were applied to determine the relationship between the investment in education volume and regional economic stability indicators. The preliminary study results indicate a significant investment in education impact on the regional economic stability. In particular, the regions with higher investments in the educational sphere have lower unemployment rates, higher average income per capita and higher level of enterprises’ innovative activity.https://vestnik.guu.ru/jour/article/view/5078investments in educationeconomic stabilityregions of russiacorrelation analysisregression analysis
spellingShingle V. V. Stroev
Assessment of investments in education impact on the Russian regional economic stability
Вестник университета
investments in education
economic stability
regions of russia
correlation analysis
regression analysis
title Assessment of investments in education impact on the Russian regional economic stability
title_full Assessment of investments in education impact on the Russian regional economic stability
title_fullStr Assessment of investments in education impact on the Russian regional economic stability
title_full_unstemmed Assessment of investments in education impact on the Russian regional economic stability
title_short Assessment of investments in education impact on the Russian regional economic stability
title_sort assessment of investments in education impact on the russian regional economic stability
topic investments in education
economic stability
regions of russia
correlation analysis
regression analysis
url https://vestnik.guu.ru/jour/article/view/5078
work_keys_str_mv AT vvstroev assessmentofinvestmentsineducationimpactontherussianregionaleconomicstability