Content №2 от 2021
Changes in the Standard of Living in the Republic of Buryatia Through the Prism of the Monetary Expenditure Patterns
The article deals with assessing and analyzing the standard of living in a particular region. We aim to evaluate changes in the standard of living in the Republic of Buryatia from 2012 to 2018, relative to the period between 2005 and 2011. Based on the assumption that the standard of living is linked to expenditure patterns of households, we analyze structural shifts against the six components of monetary expenditures. The study presents point and interval estimates of structural shifts obtained with the bootstrap method. We check their statistical significance using the Mann-Whitney U and permutation tests. With the calculation results, we conclude that the standard of living in the Republic of Buryatia is declining, which is reflected in characteristic changes in consumer spending patterns and a negative gap between households ’ incomes and expenditures. The estimates of structural changes given in this article may be used by the Buryat government bodies as benchmarks or targets when drafting measures to improve the standard of living. Also, the described method is applicable in analyzing the standard of living at the federal district and national levels and for interregional comparisons.
