IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i2p933-d724970.html
   My bibliography  Save this article

Social Investing Modeling for Sustainable Development of the Russian Arctic

Author

Listed:
  • Andrey Novoselov

    (Department of Mathematical Methods in Economics, Plekhanov Russian University of Economics, 36 Stremyanny Lane, 117997 Moscow, Russia)

  • Ivan Potravny

    (Basic Department of Project and Program Management Capital Group, Plekhanov Russian University of Economics, 36 Stremyanny Lane, 117997 Moscow, Russia)

  • Irina Novoselova

    (Department of Industry Markets, Financial University under the Government of the Russian Federation, 49, Leningradsky Prospekt, 125993 Moscow, Russia)

  • Violetta Gassiy

    (Public Administration Department, Kuban State University, 149 Stavroposkaya, 350040 Krasnodar, Russia)

Abstract

The method of the social investing of the Arctic subsoil users is considered in this article. As the portfolio of social investments is formed based on the interests of indigenous peoples, the authors used expert assessment and sociological research for social investing modeling. A two-stage procedure for forming a portfolio of such projects is proposed. An approach has also been developed for assessing and selecting investment projects for the Arctic sustainable development according to different criteria of optimality. The authors substantiate the need for a new approach to sustainable development of the Arctic, based not on compensation for the negative consequences of industrial development used in many countries, but on social investment. In this article the proposed approach is tested on the case of the Arctic indigenous community in Taimyr and the optimal social investing portfolio is justified.

Suggested Citation

  • Andrey Novoselov & Ivan Potravny & Irina Novoselova & Violetta Gassiy, 2022. "Social Investing Modeling for Sustainable Development of the Russian Arctic," Sustainability, MDPI, vol. 14(2), pages 1-18, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:2:p:933-:d:724970
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/2/933/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/2/933/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. V. N. Markova & K. I. Alekseeva & A. B. Neustroeva & E. V. Potravnaya, 2021. "Analysis and Forecast of the Poverty Rate in the Arctic Zone of the Republic of Sakha (Yakutia)," Studies on Russian Economic Development, Springer, vol. 32(4), pages 415-423, July.
    2. Andrey Novoselov & Ivan Potravny & Irina Novoselova & Violetta Gassiy, 2020. "Sustainable Development of the Arctic Indigenous Communities: The Approach to Projects Optimization of Mining Company," Sustainability, MDPI, vol. 12(19), pages 1-18, September.
    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. Wullianallur Raghupathi & Sarah Jinhui Wu & Viju Raghupathi, 2023. "Understanding Corporate Sustainability Disclosures from the Securities Exchange Commission Filings," Sustainability, MDPI, vol. 15(5), pages 1-32, February.
    2. Aleksey I. Shinkevich & Alsu R. Akhmetshina & Ruslan R. Khalilov, 2022. "Development of a Methodology for Forecasting the Sustainable Development of Industry in Russia Based on the Tools of Factor and Discriminant Analysis," Mathematics, MDPI, vol. 10(6), pages 1-16, March.
    3. Roy Kouwenberg & Chenglong Zheng, 2023. "A Review of the Global Climate Finance Literature," Sustainability, MDPI, vol. 15(2), pages 1-32, January.
    4. Diana Dmitrieva & Amina Chanysheva & Victoria Solovyova, 2023. "A Conceptual Model for the Sustainable Development of the Arctic’s Mineral Resources Considering Current Global Trends: Future Scenarios, Key Actors, and Recommendations," Resources, MDPI, vol. 12(6), pages 1-28, May.
    5. Natalia Krasnoshtanova, 2023. "Sustainability of Local Communities in a New Oil and Gas Region: The Case of Eastern Siberia," Sustainability, MDPI, vol. 15(12), pages 1-19, June.

    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. Ivan Potravny & Andrey Novoselov & Irina Novoselova & Katherine Yeshia Chávez Ferreyra & Violetta Gassiy, 2022. "Route Selection for Minerals’ Transportation to Ensure Sustainability of the Arctic," Sustainability, MDPI, vol. 14(23), pages 1-16, December.
    2. R. R. Nogovitsyn & T. S. Sofronova & E. V. Potravnaya, 2023. "Assessment of the Budgetary Security of the Arctic Regions in Order to Equalize Incomes and Improve the Welfare of the Population," Studies on Russian Economic Development, Springer, vol. 34(5), pages 660-668, October.
    3. Vera P. Samarina & Tatiana P. Skufina & Diana Yu. Savon & Alexey I. Shinkevich, 2021. "Management of Externalities in the Context of Sustainable Development of the Russian Arctic Zone," Sustainability, MDPI, vol. 13(14), pages 1-12, July.

    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:gam:jsusta:v:14:y:2022:i:2:p:933-:d:724970. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.