IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v7y2019i2p929-948.html
   My bibliography  Save this article

Environmental investment: the most adequate neo-industrial response to the growth dilemma of the economy

Author

Listed:
  • Ludmila Kormishkina

    (Ogarev Mordovia State University, Russian Federation)

  • Evgenii Kormishkin

    (Ogarev Mordovia State University, Russian Federation)

  • Vladimir Gorin

    (Ogarev Mordovia State University, Russian Federation)

  • Dmitrii Koloskov

    (Ogarev Mordovia State University, Russian Federation)

  • Ludmila Koroleva

    (Ogarev Mordovia State University, Russian Federation)

Abstract

The article justifies the mission of environmental investment in the context of the neo-industrial paradigm of modern development. This approach considers socio-economic development in its organic connection with the environment (the green lifestyle). Environmental investment involves solving the complex growth dilemma of the economy by reducing the negative impacts of the latter on the environment and introducing positive social changes. The authors determined the role of this process in the neo-industrial aspect of economic growth. The goal of this research is to prove the hypothesis of the interinfluence between environmental investment and economic growth. The authors built a multi-factor regression model to analyze the data, which showed a statistically significant relationship between environmental investment and Russia’s GDP growth during 2000–2017. This led to the conclusion that the tightening of environmental policies in Russia is accompanied by not a decrease but an increase in the real GDP. On the basis of tree clustering and k-means clustering, the authors classified the regions of Russia and found that the high level of air pollution is not always accompanied by an increase in investment in environmental protection and three atypical clusters were identified. Moreover, the authors identified the main factors hindering environmental investment in the modern Russian economy, as well as determined the main conditions for its enhancement, which will increase the country’s potential for economic growth in the long run, considering its neo-industrial accumulation.

Suggested Citation

  • Ludmila Kormishkina & Evgenii Kormishkin & Vladimir Gorin & Dmitrii Koloskov & Ludmila Koroleva, 2019. "Environmental investment: the most adequate neo-industrial response to the growth dilemma of the economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 929-948, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:929-948
    DOI: 10.9770/jesi.2019.7.2(10)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/26/Kormishkina_Environmental_investment_the_most_adequate_neoindustrial_response_to_the_growth_dilemma_of_the_economy.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/413
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2019.7.2(10)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jurijs Baltgailis, 2019. "The issues of increasing the effectiveness of teaching comparative economics," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(3), pages 190-199, September.
    2. Jurijs Baltgailis, 2019. "The issues of increasing the effectiveness of teaching comparative economics," Post-Print hal-02188839, HAL.
    3. Ayres, Robert U., 2008. "Sustainability economics: Where do we stand?," Ecological Economics, Elsevier, vol. 67(2), pages 281-310, 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. Mohd Zul Izwan Aliyasak & Mohd Yahya Mohd Hussin & Fidlizan Muhammad & Azila Abdul Razak, 2019. "Mosquepreneur in Perak: Reality or Fantasy?," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 53-62, December.
    2. Rasa Smaliukiene & Gintaras Labutis & Ausrius Juozapavicius, 2020. "Pro-Environmental Energy Behavior in the Military: Assessing Behavior Change Factors at a Selected Military Unit," Energies, MDPI, vol. 13(1), pages 1-12, January.
    3. Ludmila Aleksandrovna Kormishkina & Evgenii Danilovich Kormishkin & Oksana Sergeevna Sausheva & Dmitrii Aleksandrovich Koloskov, 2021. "Economic Incentives for Environmental Investment in Modern Russia," Sustainability, MDPI, vol. 13(21), pages 1-12, October.

    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. Baglan Aimurzina & Mazken Kamenova & Ainura Omarova & Gulmira Bodaubayeva & Asel Dzhunusova & Gulmira Kabdullina, 2019. "Major sources of financing investment projects," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1555-1566, December.
    2. Aleksandra Grigorievna Polyakova & Aleksandra Grigorievna Polyakova & Elvir Munirovich Akhmetshin & Albert Valentinovich Pavlyuk & Galina Vladimirovna Meshkova, 2019. "Investment appeal of a region and its impact on investment inflows," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1089-1097, December.
    3. Hafezali Iqbal Hussain & Muhammad Haseeb & Manuela Tvaronavičienė & Leonardus W. W. Mihardjo & Kittisak Jermsittiparsert, 2020. "The Causal Connection of Natural Resources and Globalization with Energy Consumption in Top Asian Countries: Evidence from a Nonparametric Causality-in-Quantile Approach," Energies, MDPI, vol. 13(9), pages 1-18, May.
    4. Gaukhar Mataibayeva & Serik Makysh & Nurilya Kuchukova & Saule Zhalbinova & Aigerim Zhussupova, 2019. "Conceprual approaches to the public debt management and its impact on financial stability," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1496-1513, December.
    5. Alexsandr Tyo & Baldyrgan Jazykbayeva & Tatyana Ten & Galina Kogay & Bakhyt Spanova, 2019. "Development tendencies of heat and energy resources: evidence of Kazakhstan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1514-1524, December.
    6. Gulmira Nurzhanova & Galym Mussirov & Shakizada Niyazbekova & Akilbek Ilyas & Yuliya Gabdrashitovna Tyurina & Leila A. Maisigova & Marija Troyanskaya & Kymbat Kunanbayeva, 2020. "Demographic and migration processes of labor potential: a case study the agricultural sector of the Republic of Kazakhstan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 656-671, September.
    7. Kristina Samašonok & Margarita Išoraitė & Lina Žirnelė, 2020. "Education of entrepreneurship by participation in a business simulation enterprise activities: conditions of effectiveness and opportunities for improvement," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3122-3144, June.
    8. Ardak Nurpeisova & Galiya Mauina & Shakizada Niyazbekova & Ainur Jumagaliyeva & Aigul Zholmukhanova & Yuliya Gabdrashitovna Tyurina & Svetlana Murtuzalieva & Svetlana Murtuzalieva & Leila A. Maisigova, 2020. "Impact of R&D expenditures on the country's innovative potential: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 682-697, December.
    9. Tatyana Yurievna Mazurina & Yana Sergeevna Matkovskaya & Klavdiya Lazarevna Neopulo & Tatiana Mikhailovna Rogulenko, 2020. "Studying the impact of the depreciation policy on the development of innovation potential of industrial enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1513-1526, March.
    10. Roza Shokan & Ainur Karipova & Aizhan Khoich & Gulmira Kabdullina & Nuradin Kudaibergenov & Gaukhar Niyetalina, 2019. "Economic levers of regulation of entrepreneurship," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1567-1581, December.
    11. Ravil Akhmadeev & Alexander Redkin & Nadezda Glubokova & Olga Bykanova & Liubov Malakhova & Anatoly Rogov, 2019. "Agro-industrial cluster: supporting the food security of the developing market economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1149-1170, December.
    12. Yuriy Bilan & Halyna Mishchuk & Natalia Samoliuk & Halyna Yurchyk, 2020. "Impact of Income Distribution on Social and Economic Well-Being of the State," Sustainability, MDPI, vol. 12(1), pages 1-15, January.
    13. Tatiana Kudryavtseva & Angi Skhvediani & Mohammed Ali Berawi, 2020. "Modeling cluster development using programming methods: case of Russian Arctic regions," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 150-176, September.
    14. Edyta Bombiak, 2020. "Advances in the implementation of the model of sustainable human resource management: Polish companies’ experiences," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1667-1687, March.
    15. Roma, Antonio & Pirino, Davide, 2009. "The extraction of natural resources: The role of thermodynamic efficiency," Ecological Economics, Elsevier, vol. 68(10), pages 2594-2606, August.
    16. Carey W. King, 2016. "Information Theory to Assess Relations Between Energy and Structure of the U.S. Economy Over Time," Biophysical Economics and Resource Quality, Springer, vol. 1(2), pages 1-33, December.
    17. Martínez-Alier, Joan & Pascual, Unai & Vivien, Franck-Dominique & Zaccai, Edwin, 2010. "Sustainable de-growth: Mapping the context, criticisms and future prospects of an emergent paradigm," Ecological Economics, Elsevier, vol. 69(9), pages 1741-1747, July.
    18. Serrenho, André Cabrera & Warr, Benjamin & Sousa, Tânia & Ayres, Robert U. & Domingos, Tiago, 2016. "Structure and dynamics of useful work along the agriculture-industry-services transition: Portugal from 1856 to 2009," Structural Change and Economic Dynamics, Elsevier, vol. 36(C), pages 1-21.
    19. Halkos, George Emm. & Tzeremes, Nickolaos G., 2009. "Exploring the existence of Kuznets curve in countries' environmental efficiency using DEA window analysis," Ecological Economics, Elsevier, vol. 68(7), pages 2168-2176, May.

    More about this item

    Keywords

    growth dilemma; neo-industrial paradigm of modern development; environmental investment; green (circular) economy; neo-industrial type of economic growth;
    All these keywords.

    JEL classification:

    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    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:ssi:jouesi:v:7:y:2019:i:2:p:929-948. 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: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    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.