Econometric modeling of correlation between indicators of economic growth and uneven economic development

The article considers the problem of correlation between economic growth and uneven 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 unevenness 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 significant 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 correction of the unevenness coefficient is significantly higher than the analogous indicator for the GRP growth rate.