Applied econometric approaches to risk analysis in managing the region’s economic complex and the living standard of its population

A scheme for assessing the economic and social risks of the region has been suggested. The scheme is based on the valuesof aggregate indicators, on the basis of which, an integrated risk assessment indicator has been formed that affect the management of the economic complex of the region and the living standards of its population. An applied econometric approach for estimating statistical weights for risk indicators in the economy and social sphere of the region has been developed. The methodology has been tested on the indicators of the Russian Federation regions. Recommendations on reducing economic and social risks have been suggested for these regions.