Analyzing the standard of living in the Chechen Republic in 2010–2019

Abstract

Subject. The article addresses the standard of living of the population in the Chechen Republic during 2010–2019. Objectives. We focus on developing a set of substantiated proposals for the agents of the State regional and socio-economic policy in the Chechen Republic, aimed at increasing the level of development and competitiveness of the region's economy. Methods. The paper employs the systems analysis, general scientific and economic-statistical research methods. Results. The study shows that the standard of living of the population in the Chechen Republic in 2010–2018 improved at a faster pace than in other subjects, included in the analysis. We demonstrate that high growth rates of the standard of living during the period under study have been achieved, first of all, due to the effectiveness of all development programs implemented in the region. Based on the performed analysis, we offer a set of reasonable measures for the agents of socio-economic policy in the Chechen Republic, enabling to create an effective competitive economy in the Republic within the foreseeable future. Conclusions. To improve the standard of living in the Chechen Republic to the average Russia’s level in the foreseeable future, the conductors of the State regional policy should solve specific tasks. It will also enable the Chechen Republic to fully and on a mutually beneficial basis integrate into the single socio-economic space of the country and world economic processes.