The correlation between economic diversification and sustainable development of the Russian regions
Diversity of economic activities and their diversification determine the key factors of sustainable development of the Russian regions. The relevance of this study lies in the search of connection between the present economic process and such parameters of sustainable development as social well-b...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2024-03-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/5027 |
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| author | R. A. Abramov |
| author_facet | R. A. Abramov |
| author_sort | R. A. Abramov |
| collection | DOAJ |
| description | Diversity of economic activities and their diversification determine the key factors of sustainable development of the Russian regions. The relevance of this study lies in the search of connection between the present economic process and such parameters of sustainable development as social well-being, economic and environmental stability. The research is based on examination of data of the Federal State Statistics Service, its publications, and other scien tific sources. The methodology includes a comprehensive analysis of economic indicators of diversification and their correlation with the three indices described above. The presented results demonstrate a direct connection between the level of economic diversification in the regions and their sustainable development. It is shown that regions with a more varied economic structure have higher indicators in the field of social stability, economic growth, and environmental safety. The authors determine that diversification as a whole does not depend on the production orientation or the traditional industrial equipment of a region. It is identified that innovative practices may be implemented in almost all subjects in case if a number of administrative barriers will be overcome. It is revealed that the level of sustainability of regional development directly depends on the degree of diversification of economic processes. |
| format | Article |
| id | doaj-art-2490b8eda5fd42b1918185b226d134f6 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2024-03-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-2490b8eda5fd42b1918185b226d134f62025-02-04T08:28:19ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-03-0101414910.26425/1816-4277-2024-1-41-492997The correlation between economic diversification and sustainable development of the Russian regionsR. A. Abramov0Moscow City UniversityDiversity of economic activities and their diversification determine the key factors of sustainable development of the Russian regions. The relevance of this study lies in the search of connection between the present economic process and such parameters of sustainable development as social well-being, economic and environmental stability. The research is based on examination of data of the Federal State Statistics Service, its publications, and other scien tific sources. The methodology includes a comprehensive analysis of economic indicators of diversification and their correlation with the three indices described above. The presented results demonstrate a direct connection between the level of economic diversification in the regions and their sustainable development. It is shown that regions with a more varied economic structure have higher indicators in the field of social stability, economic growth, and environmental safety. The authors determine that diversification as a whole does not depend on the production orientation or the traditional industrial equipment of a region. It is identified that innovative practices may be implemented in almost all subjects in case if a number of administrative barriers will be overcome. It is revealed that the level of sustainability of regional development directly depends on the degree of diversification of economic processes.https://vestnik.guu.ru/jour/article/view/5027economic diversificationsustainable developmentrussian regionsregional developmentsocial well-beingeconomic stabilityenvironmental stability |
| spellingShingle | R. A. Abramov The correlation between economic diversification and sustainable development of the Russian regions Вестник университета economic diversification sustainable development russian regions regional development social well-being economic stability environmental stability |
| title | The correlation between economic diversification and sustainable development of the Russian regions |
| title_full | The correlation between economic diversification and sustainable development of the Russian regions |
| title_fullStr | The correlation between economic diversification and sustainable development of the Russian regions |
| title_full_unstemmed | The correlation between economic diversification and sustainable development of the Russian regions |
| title_short | The correlation between economic diversification and sustainable development of the Russian regions |
| title_sort | correlation between economic diversification and sustainable development of the russian regions |
| topic | economic diversification sustainable development russian regions regional development social well-being economic stability environmental stability |
| url | https://vestnik.guu.ru/jour/article/view/5027 |
| work_keys_str_mv | AT raabramov thecorrelationbetweeneconomicdiversificationandsustainabledevelopmentoftherussianregions AT raabramov correlationbetweeneconomicdiversificationandsustainabledevelopmentoftherussianregions |