Modeling the relationship of the human development index and living standard factors in Russian regions

Improving the well-being of people and stimulating economic growth and development are fundamental conditions for human development and the main goals of most democratic countries. The assessment of achievements in the development of the welfare of society occupies a central place in the social sciences. In this study, a panel data model was built to assess the impact of socio-economic development factors on the standard of living in the regions of Russia.