Regarding the measurement of trust in the national economy
Keywords:
trust, trust index, trust economic indicators, inflation, currencyization, financial and credit intermediary, bankAbstract
The goal is to propose indicators for measuring the level of trust in the economy in Belarus, to carry out their expert evaluation and, on this basis, to construct an index of trust in the domestic economy.
Materials and methods. The information base of the research is the data of the World Value Survey and statistics of the National Bank of the Republic of Belarus. The graphical method of presenting information, abstract-logical and inductive method of research were used, and the study involved expert evaluations.
Results. The article offers specific indicators of confidence in the domestic economy: the inflation rate, the volume of deposits in the country's banks, the volume of loans in the country's banks, the share of foreign currency loans in total bank loans, the share of foreign currency deposits in total bank deposits, the share of long-term bank loans in total bank loans, the share of long-term bank deposits in total bank deposits, voluntary pension insurance savings, foreign direct investment, the share of ruble. Official statistical data for 10 years has been compiled for these indicators. The results of expert evaluations of the proposed indicators are described. As a result, an index of confidence in the domestic economy has been constructed, its general trend has been revealed, and for comparison the trends of the economy valuation and the results of the WVS survey have been offered.
Conclusion. The index allows to trace the trend in the level of trust in the economy, compare it with various macroeconomic indicators, with other countries and similar assessments. The author's ideas and the experts' comments will be used in the development of the index and its further improvement for a more precise analysis of the level of confidence in the Belarusian economy.
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