IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiy2018i2p411-425.html
   My bibliography  Save this article

Identifying the Factors that Contribute to Sustainable Development of the National Economy

Author

Listed:
  • N.M. Abdikeev
  • Yu.S. Bogachev
  • M.V. Melnichuk

Abstract

The structural imbalance is the main problem hindering the development of the Russian national economy. It leads to significant difference in economic efficiency of various industrial sectors. Moreover, the structural imbalance adversely affects the interaction between industries and hampers to foster an enabling environment that would accelerate economic growth consistent with the principles of sustainable development. The right balance between economic sectors provides favorable conditions for a successful interaction between industries.The article suggests the methodology intended to identify the factors contributing to sustainable development of the national economy, to assess the status of the economy as well as to estimate the dynamics of economic growth. The methodology is a promising approach building a network of interactions between different industries to deepen the diversification of economic sectors. The authors propose a set of indicators - indicators of economic imbalances - that allow, based on primary statistical data, to quantitatively determine the degree of difference and the changing dynamics in economic, financial, technological and social characteristics of several economic sectors.The paper details the developed system of monitoring and multi-criteria evaluation of growth in several economic sectors. The system makes it possible to estimate key factors affecting sustainable development of the economy as well as to get the right diagnosis of economic processes that shape the sectoral structure of the Russian economy.

Suggested Citation

  • N.M. Abdikeev & Yu.S. Bogachev & M.V. Melnichuk, 2018. "Identifying the Factors that Contribute to Sustainable Development of the National Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 411-425.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:2:p:411-425
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/dmdocuments/31.MELNICHUK_ET_AL_XXI_2_18.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Margaret S. McMillan & Dani Rodrik, 2011. "Globalization, Structural Change and Productivity Growth," NBER Working Papers 17143, National Bureau of Economic Research, Inc.
    2. Peter Galbács, 2015. "The Theory of New Classical Macroeconomics," Contributions to Economics, Springer, edition 127, number 978-3-319-17578-2.
    3. Georgy Idrisov, 2016. "Towards modern industrial policy for Russia," Research Paper Series, Gaidar Institute for Economic Policy, issue 169P, pages 157-157.
    4. R.V. Shekhovtsov & M.A. Ponomareva & S.G. Yaroshenko & L.R. Khaibullin, 2017. "Instruments of Investment Attraction in Order to Fulfill the Structural Priorities of Sustainable Regional Development (Study Based on the Rostov Region)," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 337-349.
    5. N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
    6. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    7. Dani Rodrik, 2008. "Normalizing Industrial Policy," World Bank Publications - Books, The World Bank Group, number 28009, December.
    8. Sergey Vladimirovitch Anureev, 2017. "Reconfiguration of Financial System Elements to Restore Economic Growth: The System Simplicity and Transformation towards State-Based and Corporate-Based Types," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 281-307.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Iwona Bak & Katarzyna Cheba & Irena Lacka, 2020. "Sustainable Development and Innovations- How They Work Together?," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 93-113.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. N. Abdikeev M. & Yu. Bogachev S. & Н. Абдикеев М. & Ю. Богачев С., 2017. "Диагностика Структурной Устойчивости Экономики России // Diagnosis Of Structural Stability Of The Russian Economy," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 21(3), pages 75-83.
    2. Naima Chrid & Sami Saafi & Mohamed Chakroun, 2021. "Export Upgrading and Economic Growth: a Panel Cointegration and Causality Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 811-841, June.
    3. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    4. Mendez-Guerra, Carlos, 2014. "On the Development Gap between Latin America and East Asia: Welfare, Efficiency, and Misallocation," MPRA Paper 62588, University Library of Munich, Germany.
    5. Mbaye, Samba, 2012. "Currency Undervaluation and Growth: Is there a Productivity Channel?," MPRA Paper 44261, University Library of Munich, Germany.
    6. Mendez-Guerra, Carlos, 2017. "Labor productivity, capital accumulation, and aggregate efficiency across countries: Some stylized facts," MPRA Paper 82461, University Library of Munich, Germany.
    7. Shen Jiahao & Ridwan Lanre Ibrahim & Kazeem Ajide Bello & David Mautin Oke, 2022. "Trade facilitation, institutions, and sustainable economic growth: Empirical evidence from Sub‐Saharan Africa," African Development Review, African Development Bank, vol. 34(2), pages 201-214, June.
    8. Martino, Roberto, 2015. "Convergence and growth. Labour productivity dynamics in the European Union," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 186-200.
    9. Mendez-Guerra, Carlos, 2020. "Labor Productivity, Capital Accumulation, and Aggregate Efficiency Across Countries: New Evidence for an Old Debate," MPRA Paper 99268, University Library of Munich, Germany.
    10. Li, Hengyun & Chen, Jason Li & Li, Gang & Goh, Carey, 2016. "Tourism and regional income inequality: Evidence from China," Annals of Tourism Research, Elsevier, vol. 58(C), pages 81-99.
    11. Gunes Asik & Michelle Marshalian & Ulas Karakoc & Mohamed Ali Marouani, 2018. "Productivity, Structural Change and Skills Dynamics in Tunisia and Turkey," Working Papers hal-04000250, HAL.
    12. Koopman, Eline & Wacker, Konstantin M., 2023. "Drivers of growth accelerations: What role for capital accumulation?," World Development, Elsevier, vol. 169(C).
    13. Markus Eberhardt & Francis Teal, 2010. "Aggregation versus Heterogeneity in Cross-Country Growth Empirics," CSAE Working Paper Series 2010-32, Centre for the Study of African Economies, University of Oxford.
    14. Samba Mbaye, 2012. "Real Exchange Rate Undervaluation and Growth: Is there a Total Factor Productivity Growth Channel?," CERDI Working papers halshs-00687948, HAL.
    15. Roberto Martino, 2021. "Public Investment, Convergence and Productivity Growth in European regions," Working Papers - Economics wp2021_19.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    16. Thomas Gries & Rainer Grundmann, 2020. "Modern sector development: The role of exports and institutions in developing countries," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 644-667, May.
    17. Alan Gelb & Christian J. Meyer & Vijaya Ramachandran, 2014. "Development as Diffusion: Manufacturing Productivity and Sub-Saharan Africa's Missing Middle," WIDER Working Paper Series wp-2014-042, World Institute for Development Economic Research (UNU-WIDER).
    18. Alan Gelb, Christian Meyer, and Vijaya Ramachandran, 2014. "Development as Diffusion: Manufacturing Productivity and Sub-Saharan Africa’s Missing Middle - Working Paper 357," Working Papers 357, Center for Global Development.
    19. Mohamed Chakroun & Naima Chrid & Sami Saafi, 2021. "Does export upgrading really matter to economic growth? Evidence from panel data for high‐, middle‐ and low‐income countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5584-5609, October.
    20. Ridha Nouira & Sami Saafi, 2022. "What Drives the Relationship Between Export Upgrading and Growth? The Role of Human Capital, Institutional Quality, and Economic Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 1944-1961, September.

    More about this item

    Keywords

    Sustainable development; indicators of imbalance; coefficient of sustainability; factors of sustainable development; sectoral complexes; optimum structure. JEL Code: L51; L52.;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxi:y:2018:i:2:p:411-425. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.