ECONOMETRIC MODELING OF CORRELATION BETWEEN INDICATORS OF ECONOMIC GROWTH AND UNEVEN ECONOMIC DEVELOPMENT // BSU bulletin. Economy and Management. - 2021. №4. . - С. 100-106.

ECONOMETRIC MODELING OF CORRELATION BETWEEN INDICATORS OF ECONOMIC GROWTH AND UNEVEN ECONOMIC DEVELOPMENT

DOI: 10.18101/2304-4446-2021-4-100-106 UDK: 330.43

The article considers the problem of correlation between economic growth and un- even economic development at the regional level. The gross regional product (GRP) growth rate was used as an indicator for assessing the economic growth. We assessed the uneven- ness of the economic development using the coefficients of variation, calculated according to the indicators of the municipal districts of the region. Then we obtaining statistically sig- nificant equations of the correlation between the GRP growth rate and the coefficients of variation. Since the initial data for the construction of regression equations were time series, in order to obtain adequate dependences we used the theory of cointegration. This approach made it possible to identify the cointegration between the coefficient of variation calculated according to the indicator "Fixed Investment", and the GRP growth rate. The rate of correc- tion of the unevenness coefficient is significantly higher than the analogous indicator for the GRP growth rate.

uneven economic development, economic growth, cointegration.