The Impact of Socio-Economic Factors on the Regional Economic Security Indicator

Abstract

The economic security of the region is one of the most important indicators characterizing the ability of the regional socio-economic system to achieve economic and social interests. The research takes into account one of these state-regional interests - sustainable economic growth. The aim of the study is to assess the influence of socio-economic factors based on the regression analysis method on the economic growth as an indicator of economic security of Russian Federation regions. The authors used regression modeling as the main method of analysis. The authors used regression models based on statistical data from 85 subjects of the Russian Federation for the period from 2014 to 2021. The most influential factors are the main factors of production (share of the employed population, fixed assets, and investments), foreign trade, which characterizes the openness of the region’s economy, specializing of the region in the mining industry, and the share of the employed population with higher education (human capital). The analysis confirms the possibility of using analysis and modeling tools in the practical activities of executive authorities to solve problems in the field of monitoring the economic security of the region.