Impact of peat industry development on regional sustainability

• Published in: Journal of Eastern European and Central Asian Research (JEECAR)
• Main Author: Alexander Semin
• Format: Article in Journal/Newspaper
• Language: English
• Published: IEECA 2021
• Subjects: Russia; peat industry; region; sustainable development; economic efficiency; Khanty-Mansi Autonomous Area; Business; HF5001-6182; khanty; khanty-mansi; Mansi
• Online Access: https://doi.org/10.15549/jeecar.v8i2.694; https://doaj.org/article/1a4de4b567ba4a4ca7974a610047ddcb

The study aimed to substantiate the nature of the interaction between the economic efficiency of the peat industry and the sustainability of the region on the example of the Khanty-Mansi Autonomous Area (KhMAA) of Russia. Based on the development indicators of the districts of KhMAA for 2017-2020, the factors characterizing the components of sustainable regional development were determined using the principal components’ method. Using the fuzzy sets’ method, the values, levels of the factors, and the integral indicator of sustainable development were calculated, and the realized and unrealized potential of peat industry development in the context of the districts of the study area were determined. The causal relationships between indicators of regional sustainable development and peat industry potential, and the nature of dependence between the indicators, are argued. The regional development prospects were revealed through the peat industry development based on the regression models built by calculating the elasticity coefficients.