Relationship between Complex Integration Indices and Inflation Indicators and Their Impact on the Development of Regional Cooperation between Countries to Reduce the Level of Inflationary Risks: Case of the SCO Member Countries

Abstract

In this study, we focused on the development of cooperation between partner countries, which may affect the reduction of inflationary risks for partnership participants in the context of global and urgent changes in the world. This article aims to identify the relationship between inflation indicators and various types of globalization (complex integration indices) of each of the member countries of the Shanghai Cooperation Organization (SCO) in order to develop measures to contain inflation risks in these countries. The authors used the methods of pairwise linear regression, correlation analysis, and multiple linear regression. As variables, the authors used complex indicators that characterize six types of globalization: Economic, financial, demographic, industrial, information, and political indices. The authors concluded that China and India more effectively curb inflation and are less prone to inflation risks. The inflation rate and the independent variables have a close negative correlation, which indicates a strong degree of mutual influence and has a downward effect on the consumer price index. The most significant variables that have a strong influence on the inflation rate are the factors of financial and information integration. The impact of other types of integration considered in this study is not significant. In order to reduce the level of inflationary risks, the SCO member countries most vulnerable to the price volatility of raw materials (Uzbekistan, Tajikistan, and Kyrgyzstan) are encouraged to develop trade cooperation more actively, for example, by reducing or eliminating import duties on raw materials from the SCO countries.

Data-Driven Management of Regional Food Security for Sustainable Development: A Case Study of Kazakhstan

“…This factor has a strong influence on economic factors and the quality of life of the population [29]. The development of international trade and possible trade restrictions have an impact on the prices and availability of food [30]. Trade barriers, tariffs, agricultural subsidies, and duties are tools that regulate the food market in the country, lead to price volatility, and restrict access to food.…”

Formation of a System for Monitoring Risks in the Implementation of Life Cycle Contracts

“…It is noted in Russian and foreign studies of LCC projects (Beasley et al 2010;Bezpalov et al, 2022) that the intensity of construction in the LCC project increases with each stage of construction, processes arise in the project that needs to be implemented in Dorozhkin, A., Tsyganov, A., Dorozhkina E., Gorokhova, A., Sekerin, V. (2023). Formation of a System for Monitoring Risks in the Implementation of Life Cycle Contracts parallel in conditions of limited resources and production base, while the uncertainty of the external environment does not decrease, but tends to increase.…”

Proposta De Integração De Técnicas E Conceitos Para Atender Aos Novos Desafios Dos Sistemas Produtivos

“…Por exemplo, com a invasão da Ucrânia em 2002, a crise originada no segmento de óleo e gás trouxe também desdobramentos ao agronegócio global, dada a região de conflito estar próxima de grandes exportadores mundiais de fertilizantes, ameaçando diretamente a produção mundial de alimentos (BEZPALOV et al, 2022).…”