Assessment of the Paradox of the Formation of Economic Systems in Different Types of Countries

Nadezhda Goreeva, Larisa Demidova, Olga Savchina

2021

Abstract

The modern economic system demonstrates the inconsistency of the redistribution of gross value added (GVA) and gross domestic product (GDP) in the direction of developed consumer countries. On the basis of the system of indicators that characterize the effective socio-economic development of countries and the optimal combination of statistical methods that allow us to classify and model the factors that form such a performance of the economies of countries, the authors have established the reasons for their leading positions. The article examines the systems of models of countries with different levels of socio-economic development, their social utility and different degrees of development of institutions in each group of countries: developed and developing. The evaluation and modeling showed that the Gini coefficient, which shows the degree of social differentiation, has a high correlation with 4 indicators that characterize the efficiency of economic development (consumer confidence index, human development index, inflation index, and the share of hightech industries in the GDP of countries). The authors proved that it is social utility that should ensure the multilateral development of human potential, which, in turn, contributes to economic growth. The paper also reveals the intensity of structural changes that may occur in the structures of gross value added and the employed population in order to determine the trends of their further distribution by industry.

Paper Citation

in Harvard Style

Goreeva N., Demidova L. and Savchina O. (2021). Assessment of the Paradox of the Formation of Economic Systems in Different Types of Countries. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 143-150. DOI: 10.5220/0010587401430150

in Bibtex Style

@conference{issdri21,
author={Nadezhda Goreeva and Larisa Demidova and Olga Savchina},
title={Assessment of the Paradox of the Formation of Economic Systems in Different Types of Countries},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={143-150},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010587401430150},
isbn={978-989-758-519-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - Assessment of the Paradox of the Formation of Economic Systems in Different Types of Countries
SN - 978-989-758-519-7
AU - Goreeva N.
AU - Demidova L.
AU - Savchina O.
PY - 2021
SP - 143
EP - 150
DO - 10.5220/0010587401430150