Assessing the impact of regional budget expenditures on average wages

The author discusses the development of an economic-mathematical model for assessing the impact of regional budget expenditures on the average wage for solving the problems of analyzing macroeconomic indicators and forming strategic planning tools for the development of the regional socioeconomic system.The Object of the Study - expenses of the regional budget of the constituent entity of the Rossiyskaya Federatsiya, aimed at developing and maintaining the infrastructure contributing to the provision of comfortable working conditions for citizens.The Subject of the Study - methods of economic and mathematical modelling, processes of formation of the average wage.The Purpose of the Study. Development of an economic and mathematical model for assessing the impact of regional budget expenditures on the average wage level for quantitative and qualitative assessment of the effectiveness of the totality of measures arising in the process of its implementation.The Main Provisions of the Article. The labour market is the basis of a market economy and indicator, the importance of which makes it possible to draw conclusions both about the state of the economy as a whole and about the success of the reforms and transformations, in particular. His condition directly affects the performance indicators of the socio-economic system of the region: productivity, profitability, growth, etc. Research and identification of factors that have a significant impact on the processes of formation and functioning of the labor market is of not only theoretical, but practical interest. The following tasks have been solved: the economic and mathematical models are formalized; the layout of the indices characterizing the object of study; the corresponding mathematical apparatus is selected; software application developed; the proof of model performance is performed. As a methodological apparatus, methods of regression and correlation analysis were used. As a result, an economic-mathematical model of the category «labour market efficiency» was obtained, the functionality of which is sufficient to substantiate causal relationships between indicators that determine the nature of its functioning. Using the obtained results in practice, it is possible to reasonably form a system of priority long-term guidelines for the development of the socio-economic system of the region, drawn up in the form of relevant program documents. The developed software can be used as a module of a decision support system in the formation and development of a strategy for the region’s accelerated development.