Statistical Evaluation of Social and Economic Factors of Development of State Models (The Case of Developed and Developing Countries)

Abstract

The paper presents the study of models for social and economic development of states, based on their indicators of sector efficiency and social development, incorporated in a factor model. The object of the study is a sample of developed and developing countries. The subject of the study is the selection of quantitative parameters of social and economic development models. The paper describes the system of models for the states with different social and economic development levels and presents the main provisions for collection and processing of data. As the discussion unfolds, we select the analytical methods and use the correlation and regression analysis to identify the main factors the define social utility. The actuality of this research lies in the fact that, at present, there is a redistribution of gross added value and GDP in the world towards countries-consumers. The backwardness of this social and economic structure is due to the situation in the international division of labor. The dualism of a social and economic system in these states is related to the priority that is given to market mechanisms over social policy in the context of globalization. We suggest that it is the social utility that should ensure the multi-sided development of human potential, which in turn contributes to the economic growth. A special attention in building the models is given to estimation of the parameters for the countries that showed maximum divergence (residuals) of indicators, characterizing the social stratification and the development of human potential Keywords: effectiveness of social institutions, factors of human capital (potential) development, the dualism of the world economic system, structure of gross value added, correlation and regression analysis, social usefulness of the state, factors determining the effectiveness of state institutions, quantitative analysis of the factors that shape the effectiveness of state institutions, factors of efficiency of world labor productivity, factors of public utility of the world economic system