Multidimensional modeling of regions by employment and socio-economic development

Abstract

Employment is essential for development. Employment can increase income of people and household, reduce inequality. Employment promote economic growth and promote stability of country. We carried out a comprehensive analysis, which reflected the situation and the connection with the market of labour force (particularly population employment), the population's standard of living (particularly its income). Scientists today make efforts to study the lasting aspects, facts of employment and the state of the labour in general. An empirical distribution of the studied regions into 3 clusters was made. It is possible to obtain sufficiently high production results and, consequently, increase the population's standard of living. Cluster 1 regions are encouraged to more actively introduce new technologies and scientific developments into the production process. The regions of cluster 3 are recommended to adopt the experience of organizing the management of production processes, technological changes. How the population will live today depends on production and management, including the labour market. The research defines the directions for future research.