Abstract:

The article considers the economic and social consequences of the COVID-19 pandemic. By constructing a multifactor regression model, the authors studied the relationship between economic and social indicators in the context of COVID-19 and the degree of consideration of socio-economic potential of the state policy against COVID-19 on the example of Sweden and Ukraine. Indicators that during the correlation analysis revealed the greatest dependence on domestic policy and the level of economic development of regions in the conditions of COVID-19 were selected as dependent variables, namely: employment rate (%), average per capita disposable income (USD); indicators of economic development and financial condition of the regional budget: revenues of the regional budget per 1 person (USD), subventions from the state budget per 1 person (USD), gross national product per 1 person (USD), capital investments per 1 person (USD). The obtained regression parameters in the analyzed regions are equally targeted and show a direct relationship between the studied indicators of social development and regional budget revenues and inverse dependence on government subsidies, which confirms the reduction of this tool to influence the development of social sphere in the region under COVID-19. At the same time, there is a direct and stable relationship between local budget revenues and citizens' incomes. Regression models showed that in the conditions of COVID-19 both in Sweden and in Ukraine, the average per capita disposable income of the population directly depends on subventions from the state budget. The analysis of the state policy for counteracting the pandemic and the mechanisms of its implementation showed its compliance with the regression models of the dependence of the development in the social sphere on the economic indicators related to COVID-19 in Sweden and the inconsistency in Ukraine.