Evaluation of the Financial Potential of Population Savings and Its Impact on the Region's Economic Growth

Additional revenues of financial resources in the regions, with other positive factors, can contribute to the growth of both the real sector of the economy and the services sector. An additional financial resource can be considered savings of the population. The purpose of the article is to assess the financial potential of population savings and to identify its impact on the region's economic growth. The emphasis is on the theoretical and applied aspects of the income and expenditure cycle of households. The features of the main methodological approaches to assessing the market potential of population savings are revealed. Estimates of dynamics of volumes of savings of the population of regions of Ukraine. The author's methodology for estimating the potential of savings, which includes the calculation of capital investment multipliers and the construction of correlation-regression models for the formation of gross regional product reflecting the basis of social economic development of the regions, is proposed. It is revealed that the growth of the gross regional product occurs due to the influence of population savings on the formation of capital investments sufficient for the expanded reproduction of production. The revealed patterns of action of the multiplier of economic growth in the territories of Ukraine, depending on the existing structure of social production, make it possible to predict the trajectory of economic development for the future.