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The Methodological Background for Harmonizing Components of Sustainable Development of an Industrial City

Author

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  • Prushkivskiy Volodymyr G.

    (Zaporizhzhya National Technical University)

  • Buriak Volodymyr V.

    (Zaporizhzhya National Technical University)

Abstract

The aim of the article is to develop a methodological background for harmonizing components of sustainable development of an industrial city. The ways of harmonization of economic, environmental and social components are studied. It is proposed to use the rule of “golden ratio†to determine the “ideal†values of the components of sustainable development. On the basis of the index method the components of sustainable development are evaluated. The comparative analysis of the actual and harmonic distribution between the sub-indices of sustainable development is performed. Based on the rule of “golden ratio†it is proved that the harmonization allows to state the existence of differences as well as to carry out a quantitative analysis. It is justified that the existence of disharmony between the components of sustainable development requires elaboration of an appropriate mechanism on the basis of redistribution of investment resources as well as other economic instruments to support the components at a certain level.

Suggested Citation

  • Prushkivskiy Volodymyr G. & Buriak Volodymyr V., 2016. "The Methodological Background for Harmonizing Components of Sustainable Development of an Industrial City," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 4, pages 91-97.
    • Handle: RePEc:idp:redpoe:y:2016:i:4:p:91_97
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