Industrial development and country’s welfare: case of Belarus

Authors

  • Kristina V. Shestakova Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus
  • Elena M. Karpenka Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Keywords:

industrialisation, industrial development, economic growth, national prosperity, welfare, industrial policy

Abstract

The authors analyse the relationship between the country’s industrialisation and wealth. Based on econometric models the assessment of influence of industrial sector on indicators of country’s welfare at various levels (which are adjusted net national income per capita, poverty level, average annual salary) was carried out. The conclusion about the significant role of the industrial sector of the Republic of Belarus in the formation of its welfare was made.

Author Biographies

  • Kristina V. Shestakova, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

    PhD (economics); associate professor at the international management department, faculty of economics

  • Elena M. Karpenka, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

    doctor of science (economics), full professor; head of the international management department, faculty of economics

References

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Published

2021-07-30

Issue

No. 1 (2021): Journal of the Belarusian State University. Economics

Section

O. Economic Development, Innovation, Technological Change, and Growth

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How to Cite

[1]
Shestakova, .K.V. and Karpenka, E.M. 2021. Industrial development and country’s welfare: case of Belarus. Journal of the Belarusian State University. Economics. 1 (Jul. 2021), 94–99.