How Production Factors Affect Sustainable Development in a Region

• Published in: IOP Conference Series: Earth and Environmental Science
• Main Authors: Solomonov, M P, Pakhomov, A A, Okhlopkov, G N
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: IOP Publishing 2020
• Subjects: Yakutia
• Online Access: http://dx.doi.org/10.1088/1755-1315/459/6/062043; https://iopscience.iop.org/article/10.1088/1755-1315/459/6/062043/pdf; https://iopscience.iop.org/article/10.1088/1755-1315/459/6/062043

Abstract The paper assesses how production factors affect the sustainable development of Yakutia, a Russian region. The function of sustainable development assumed here is the total shipments of the region’s administrative districts. The function of territorial arrangement of production has the following factors as variables: agglomeration, labor, capital, and infrastructure security. Analysis uses statistics on those factors over 2006-2017, operational data from sectoral ministries, and the 2002/2010 National Census data. The research applies integral assessment of the factors reduced to dimensionless values of 0 to 10 for comparability. Shipments are adjusted for inflation, with 2006 prices being used as the baseline. For price comparison, the value products shipped from industrial districts at global prices is adjusted for exchange rate fluctuations. The next step is to compute the coefficients of correlation between these factors and the total shipments with a breakdown by type: agriculture vs industry. A sufficient retrospective, an array of comparable data, and multiple correlation analysis have produced an output that is close to the actual situation in the region’s economy.