Dynamics of «propensities» of population to saving and immobilization of savings in russian regions: analysis and prognosis

Abstract

Importance: the dynamics of informal institutions «propensity to save» and «propensity to immobilize savings» in Russian regions that differ in the levels of economic, including innovation activity. Purpose: to analyze the dynamics of the population’s «propensity» to save and immobilization of savings in Russian regions in the context of their overall level of economic activity. Research design: in the process of research we used a set of general theoretical, private theoretical and empirical methods: historicalgenetic, logical, dialectical; comparative, cluster, correlation and regression analysis. The initial information for calculations was obtained from official statistical sources. Results: the study analyzed the dynamics of «propensity to save» and «propensity to immobilize savings» in the regions of Russia as informal institutions and forms of economic activity in the relationship with the indicators of innovation development, the level and growth of income in the period 2010-2021. The comparative analysis of these institutions allowed us to establish that the propensity to save in the regions of the country is decreasing regardless of the levels of innovation activity, incomes and their dynamics. In St. Petersburg, a region characterized by a high level of economic, including innovation activity, the dynamics of the propensity to save/immobilization of savings is unstable and does not have any pronounced trend, which suggests a conjunctural orientation of various types of economic activity of the population of the region. The other regions analyzed (Yaroslavl, Volgograd, Murmansk, Kaliningrad oblasts) are characterized by a significant decrease in the propensity to save. The propensity to immobilization of savings was realized at a fairly high level only in St. Petersburg, in other regions its manifestations are either absent or minimal. At the same time, trends in the propensity to immobilize savings allow us to predict a wider spread of this institution in Russian regions.