Regional Economics: Theory and Practice

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A logical link between resource saving and sustainable economic development

Vol. 17, Iss. 1, JANUARY 2019

Received: 27 November 2018

Received in revised form: 11 December 2018

Accepted: 18 December 2018

Available online: 16 January 2019


JEL Classification: D61, E27, L51, O13, O25

Pages: 72–86

Antipova O.V. Almetyevsk State Oil Institute (ASOI), Almetyevsk, Republic of Tatarstan, Russian Federation

ORCID id: not available

Subject The article considers a shift from the consumer economics to economic development, which rests on a reasonable balance between consumption and environmental integrity.
Objectives The aim is to demonstrate a dependence between resource saving factors and sustainable economic development, which causes a reorientation of economic activity of the society to minimization of intensity of raw materials and energy use in the consumption process.
Methods The study employs connection modeling methods based on dimensionality reduction of factor space through the Hotelling transform.
Results A stimulating effect on joint activity of production units of enterprises and specialized scientific institutions is required. As a result, the economy receives a new understanding of efficiency, which is based on measuring the cost of natural resources and the damage by improper, anti-environmental decisions; the benefit from improving the lean production technologies, resource recovery, organization of production and labor.
Conclusions The main driving force, which is needed to launch a global process of economic and social changes that ensure the sustainable development of the Russian economy is resource saving.

Keywords: method of principal components, logical link, resource saving, sustainable economic development, scarce resources


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