Assessment of Socioeconomic Rating Indicators of the Republic of Tatarstan Municipalities

Abstract

The Republic of Tatarstan municipalities differ highly in their socioeconomic status while there are industrially developed as well as weak regions. The Tatarstan's Ministry of Economic Affairs monitors the socioeconomic growth of municipalities using the “Rating Calculation Procedure for Municipalities and Urban Districts of the Republic of Tatarstan.” The municipality ratings allow tracking the socioeconomic growth dynamics. This paper provides with an assessment of the socioeconomic indicators of municipalities and examines their importance for rating indicators. The correlation analysis of rating values has shown that some of them have no effect on the rating. The authors suggest that this procedure has to be specified using relative indicators with stronger correlation.

DOI: 10.5901/mjss.2015.v6n1s3p159