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Formalization of the General Model of the Green Economy at the Regional Level

Author

Listed:
  • Ivan Potravnyy

    (Plekhanov Russian University of Economics)

  • Andrey Novoselov

    (Plekhanov Russian University of Economics)

  • Igor Gengut

    (Plekhanov Russian University of Economics)

Abstract

The subject-matter of the article is the research of the problems of economic and mathematical modelling of the green economy at the regional level. The purpose of the research is the substantiation and development of economic and mathematical tools for the modelling of economic and ecological systems at the regional level on the basis of the principles of the green economy. The hypothesis of the study is based on the thesis that in the conditions of the resource exhaustion and depletion of natural capital, the technogenic deposits as well as production waste and consumption can be considered as the resource base for modern production, whose use leads to the elimination of accumulated environmental damage and substitution of natural resources. In the article, the approaches to the system modelling problems are considered to develop the green economy at the level of the country and its regions. The relevance of the transition to a green economy is confirmed by the theoretical and practical research in the field of the cyclic development of socio-eco-economic systems. A number of formalized models and methods for solving current environmental-economic issues including the economic valuation of accumulated environmental damage, eco-economic assessment of the efficiency of natural resource substitution with resource-substitute are proposed as well as the choice of an optimal set of resources-substitutes taking into account the financial and natural resource constraints. The standard models of green growth are considered. These models take into account the exhaustion of natural resources, involvement of the resources of technogenic deposits in the economic circulation through the implementation of investment projects on the elimination of accumulated environmental damage. The results of the study may be used in the different regions of the country for the justification and implementation of investment projects in the framework of the Federal Target Program “Elimination of accumulated environmental damage†for 2015–2026.

Suggested Citation

  • Ivan Potravnyy & Andrey Novoselov & Igor Gengut, 2016. "Formalization of the General Model of the Green Economy at the Regional Level," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 438-450.
    • Handle: RePEc:ura:ecregj:v:1:y:2016:i:2:p:438-450
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    References listed on IDEAS

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    More about this item

    Keywords

    green economy; valuation of accumulated environmental damage; natural food chain; substitution of mineral resources; nonlinear programming; sustainable development; regional aspects; depletion of resources; accumulated environmental damage; effectiveness;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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