Subject. The article considers the issues of integrated use of economic analysis tools in assessing sustainable development. Objectives. The purpose is to identify opportunities for integrated use of economic analysis tools to assess sustainable development. Methods. On the basis of systems and logical approaches, we analyze existing approaches and tools in assessing the sustainable development. Results. Currently, the fourth stage of economic analysis continues to be formed, which is aimed at assessing the sustainable development of business entities. A wide range of economic analysis tools are used, which can be divided into four approaches. Each approach has certain advantages and disadvantages, the application depends on the purpose of sustainable development analysis. The traditional approach uses a significant number of indicators characterizing various aspects of sustainable development, where the main drawback is the lack of normative values of the invariant of development. The integrated approach consists in building ratings; it carries elements of subjectivity. The use of stochastic methods and models can lead to the loss of useful information due to distortions in the dynamics of development. In the resource approach, when assessing social, managerial, and environmental sustainability, it is not always possible to determine the cost of the resource and the result. Conclusions. The developed tools of economic analysis differ in approaches to assessing sustainable development, depending on the strategic goals and objectives. In retrospect, the purpose of the analysis is to determine the balance between economic, environmental and social results of achieving sustainable development, expectations of stakeholders and resources used in each direction of sustainable development, and in the long term – to identify possibilities of achieving such a balance in the foreseeable future. However, only an integrated approach can achieve this goal, that is, to combine existing tools into a single methodology.
Keywords: sustainable development, traditional, resource and integrated approaches, stochastic analysis
References:
Bogdanov A.A. Tektologiya (vseobshchaya organizatsionnaya nauka) [Tectology (general organizational science)]. Moscow, Ekonomika Publ., 1989, Part 1, 304 p.
Meadows D.H., Meadows D.L., Randers J., Behrens W.W. III. The Limits to Growth: A Report for the Club of Rome's Project on the Predicament of Mankind. New York, Universe Books, 1972, 205 p.
Babicheva N.E. Teoretiko-metodologicheskie osnovy ekonomicheskogo analiza razvitiya organizatsii na osnove resursnogo podkhoda: monografiya [Theoretical and methodological foundations of economic analysis of the development of organizations based on the resource approach: a monograph]. Moscow, Finansy i kredit Publ., 2012, 256 p.
Endovitskii D.A., Pankratova M.V. [The purpose of internal control of corporate sustainability]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 7, pp. 1211–1226. (In Russ.) URL: Link
Klejner G.B. State – Region – Branch – Enterprise: System Sustainability Framework of the Russian Economy. R-Economy, 2015, vol. 1, no. 2, pp. 50-58. URL: Link
Prangishvili I.V. Sistemnyi podkhod i povyshenie effektivnosti upravleniya [Systems approach and management efficiency improvement]. Moscow, Nauka Publ., 2005, 420 p.
Soroko E.M. Zolotye secheniya, protsessy samoorganizatsii i evolyutsii sistem. Vvedenie v obshchuyu teoriyu garmonii sistem [Golden sections, processes of self-organization and evolution of systems: Introduction to the general theory of harmony of systems]. Moscow, LIBROKOM Publ., 2012, 262 p.
Dermanov V.K. [The economic development: Theory issues]. Vestnik Sankt-Peterburgskogo universiteta. Seriya: Menedzhment = Vestnik of Saint Petersburg University. Series: Management, 2013, iss, 2, pp. 81–97. URL: Link (In Russ.)
L'vov D.S., Porshnev A.G. Upravlenie sotsial'no-ekonomicheskim razvitiem Rossii: kontseptsii, tseli, mekhanizmy: monografiya [Management of socio-economic development of Russia: Concepts, goals, mechanisms: a monograph]. Moscow, Ekonomika Publ., 2002, 702 p.
Kovalev V.V. [From the History of the Development of Analysis in Russia, or What Does "Economic Analysis" Mean?]. Finansy i biznes = Finance and Business, 2013, no. 1, pp. 139–154. URL: Link (In Russ.)
Sheremet A.D. [A complex analysis of sustainable development indicators of an enterprise]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2014, vol. 13, no. 45, pp. 2–10. URL: Link (In Russ.)
Simionov R.Yu. [Development of analytical instruments to ensure sustainable development of the construction company]. Vestnik UGUES. Nauka, obrazovanie, ekonomika. Seriya: Ekonomika = Bulletin USPTU. Science, Education, Economy. Series: Economy, 2015, no. 2, pp. 88–96. URL: Link (In Russ.)
Endovitskii D.A., Lyubushin N.P., Babicheva N.E., Kupryushina O.M. [From Assessment of Organization's Financial Standing to Integrated Methodology for Analysis of Sustainable Development]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2016, vol. 15, no. 12, pp. 12–21. URL: Link (In Russ.)
Indikatory ustoichivogo razvitiya Rossii (ekologo-ekonomicheskie aspekty) [Indicators of sustainable development of Russia (ecological and economic aspects)]. Moscow, TsPRP Publ., 2001, 220 p.
Doklad o chelovecheskom razvitii v Rossiiskoi Federatsii. Tseli ustoichivogo razvitiya OON i Rossiya [Report on human development in the Russian Federation. The UN Sustainable Development Goals and Russia]. Moscow, Analiticheskii tsentr pri Pravitel'stve RF Publ., 2016, 298 p.
Barilenko V.I., Efimova O.V., Nikiforova E.V. et al. Informatsionno-analiticheskoe obespechenie ustoichivogo razvitiya ekonomicheskikh sub"ektov: monografiya [Information and analytical support for the sustainable development of economic entities: a monograph]. Moscow, Rusains Publ., 2015, 160 p.
Zenkina I.V. [Methodological approaches and tools to analyze the sustainable development of a company]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2019, vol. 18, iss. 9, pp. 1667–1686. (In Russ.) URL: Link
Mel'nik M.V., Kogdenko V.G. [Analysis of integrated reporting: The natural capital]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2016, vol. 15, no. 4, pp. 72–84. URL: Link (In Russ.)
Endovitskii D.A., Lyubushin N.P., Babicheva N.E. [Resource-oriented economic analysis: Theory, methodology, practice]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2013, vol. 12, no. 38, pp. 2–8. URL: Link (In Russ.)
Endovitskii D.A., Endovitskaya A.V. [Systems approach to the analysis of financial stability of a commercial organization]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2005, no. 6, pp. 2–7. URL: Link (In Russ.)
Payman Ahi, Cory Searcy. A stochastic approach for sustainability analysis under the green economics paradigm. Stochastic Environmental Research and Risk Assessment, 2014, vol. 28, pp. 1743–1753. URL: Link
Rodionov D.G., Dmitriev N.D., Dubanevich L.E. [The econometric model construction of industrial enterprise sustainable development]. Vestnik Altaiskoi akademii ekonomiki i prava = Bulletin of Altai Academy of Economics and Law, 2021, no. 7-1, pp. 61–71. (In Russ.) URL: Link
Polovyan A.V., Yaluner A.F. [Economic and mathematical model for assessing the level of sustainable development of an enterprise in a SMART-industry]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2023, no. 5, pp. 1053–1058. (In Russ.)
Baranova N.M., Loginova D.S. [Research of the environmental sustainability of enterprises in the oil and gas sector of the Russian economy]. Vestnik Rossiiskogo universiteta druzhby narodov. Seriya: Ekonomika = RUDN Journal of Economics, 2022, vol. 30, no. 4, pp. 602–616. URL: Link (In Russ.)
Prangishvili I.V., Ivanus A.I. [System regularity of the golden section and system stability and harmony]. Problemy upravleniya, 2004, no. 2, pp. 2–8. URL: Link (In Russ.)
Lyubushin N.P., Babicheva N.E., Khanin D.G. et al. Analiz ustoichivogo razvitiya ekonomicheskikh sub"ektov v usloviyakh vyzovov: monografiya [Analysis of sustainable development of economic entities in the context of challenges: a monograph]. Moscow, Rusains Publ., 2022, 110 p.
Kogdenko V.G., Kazakova N.A. [Substantiation of Parameters of Environmental Security and Sustainability of the Development of the Metallurgical Industry]. Problemy prognozirovaniya = Studies on Russian Economic Development, 2023, no. 1, pp. 169–181. (In Russ.) URL: Link
Khorin A.N., Brovkin A.V. [Key indicators of the report on sustainable development of an organization]. Teoreticheskaya i prikladnaya ekonomika, 2018, no. 1. (In Russ.) URL: Link
Gorshenina E.V., Khomyachenkova N.A. [Monitoring sustainable development of industrial enterprises]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2011, no. 1-2, pp. 63–69. URL: Link (In Russ.)
Ferova I.S., Kozlova S.A., Osadchenko E.A. [Special features of assessing the accomplishment of companies' sustainability goals duringthe COVID-19 pandemic]. Peterburgskii ekonomicheskii zhurnal = St. Petersburg Economic Journal, 2021, no. 3, pp. 55–65. URL: Link (In Russ.)
Kalinin A., Zaitseva N., Novak K., Firsova A. Ustoichivoe razvitie v Rossii: rukovodstvo dlya transnatsional'nykh korporatsii [Sustainable Russia: A Guide for Multinational Corporations]. Moscow, Institut issledovanii razvivayushchikhsya rynkov biznes-shkoly Skolkovo Publ., 2016. URL: Link
Mokeev V.V., Nelyubina M.S. [On Determining of Rating of Sustained Enterprise Development by Eigenstate Method]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Seriya: Vychislitel'naya matematika i informatika = Bulletin of the South Ural State University. Series: Computational Mathematics and Software Engineering, 2016, vol. 5, no. 1, pp. 69–84. (In Russ.) URL: Link
Sheremet A.D., Garmash M.G. [Comprehensive rating estimation of corporate sustainability]. Audit i finansovyi analiz = Audit and Financial Analysis, 2017, no. 3-4, pp. 152–157. URL: Link (In Russ.)
Kozlova E.E., Cherkasova O.G., Ionova E.S., Tol'kova O.S. [Analysis of competitiveness of region]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2012, no. 27, pp. 38–53. URL: Link (In Russ.)
Lyubushin N.P., Brikach G.E. [Harrington's desirability generalized function in multiple parameter economic tasks]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2014, no. 18, pp. 2–10. URL: Link (In Russ.)
Machin K.A. [Methodology and tools to analyze and assess the opportunities of economic adaptation and sustainable development of industrial enterprises]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2015, no. 1, pp. 41–53. URL: Link (In Russ.)
L'vov D.S. Ekonomika razvitiya [Economics of development]. Moscow, Ekzamen Publ., 2002, 512 p.
Kleiner G.B., Rybachuk M.A. Sistemnaya sbalansirovannost' ekonomiki: monografiya [Systemic balance of the economy: a monograph]. Moscow, Nauchnaya biblioteka Publ., 2017, 319 p.
