Subject. The article addresses conditions for sustainable development of the Russian economy. Objectives. The purpose is to link the limit of sustainability of the Russian economy with required conditions. Methods. The study draws on the systems approach, using the methods of statistical, neural network, and cluster analysis. Results. I describe scientific ideas about sustainable development of economy, which have been developed in theoretical and practical activities. The World Bank data on environment, social affairs and governance on 17 key sustainable development topics, covering environmental, social and management categories, are used to determine conditions for sustainability of the Russian economy. The neural network analysis of the importance of indicators’ rate of increment shows a hierarchy of priorities. The cluster analysis of indicators’ rate of increment identifies significant clusters. The analysis of key priorities of sustainable development of the Russian economy enables to reveal significant deviations in political stability and in access to electricity. Conclusions. Conditions for sustainable development of the Russian economy are determined by their proximity to the United Nations Sustainable Development Goals. Identifying these conditions in the globalizing world creates an understanding of the real limit and opportunities of the country's development.
Keywords: hierarchy, cluster, limit, priority, sustainable development
References:
Aganbegyan A.G. [On immediate actions to reinvigorate social and economic growth]. Problemy prognozirovaniya = Problems of Forecasting, 2019, no. 1, pp. 3–15. URL: Link (In Russ.)
Polterovich V.M. [Reform of the project activity State system, 2018–2019]. TERRA ECONOMICUS, 2020, vol. 18, no. 1, pp. 6–27. URL: Link (In Russ.)
Polterovich V.M., Panchuk D.A. [Diversification of the Russian economy due to the deeper processing of hydrocarbons: The problem of indicative planning]. Energeticheskaya politika = Energy Policy, 2019, no. 1, pp. 57–66. (In Russ.)
Swain R.B., Ranganathan S. Modeling interlinkages between sustainable development goals using network analysis. World Development, 2021, vol. 138, no. 105136. URL: Link
Moallemi E.A., Malekpour S., Hadjikakou M. et al. Achieving the Sustainable Development Goals Requires Transdisciplinary Innovation at the Local Scale. One Earth, 2020, vol. 3, iss. 3, pp. 300–313. URL: Link
Dayong Liu, Chunfa Xu, Yongze Yu. et al. Economic growth target, distortion of public expenditure and business cycle in China. China Economic Review, 2019, vol. 63. URL: Link
Kavya T.B., Shijin S. Economic development, financial development, and income inequality nexus. Borsa Istanbul Review, 2020, vol. 20, iss. 1, pp. 80–93. URL: Link
Mingran Wu, Min Zhao, Zhaodan Wu. Evaluation of development level and economic contribution ratio of science and technology innovation in eastern China. Technology in Society, 2019, vol. 59, no. 101194. URL: Link
Geloso V.J., Salter A.W. State capacity and economic development: Causal mechanism or correlative filter? Journal of Economic Behavior & Organization, 2020, vol. 170, pp. 372–385. URL: Link
Candelon B., Carare A., Hasse J.-B., Jing Lu. The post-crises output growth effects in a globalized economy. International Economics, 2020, vol. 161, pp. 139–158. URL: Link
Olasehinde-Williams G., Balcilar M. Examining the Effect of Globalization on Insurance Activities in Large Emerging Market Economies. Research in International Business and Finance, 2020, vol. 53, no. 101228. URL: Link
Byrne J.P., Shuo Cao, Korobilis D. Decomposing global yield curve co-movement. Journal of Banking & Finance, 2019, vol. 106, pp. 500–513. URL: Link
Mingbo Zheng, Gen-Fu Feng, Suling Feng, Xuemei Yuan. The road to innovation vs. the role of globalization: A dynamic quantile investigation. Economic Modelling, 2019, vol. 83, pp. 65–83. URL: Link
Omri A. Technological innovation and sustainable development: Does the stage of development matter? Environmental Impact Assessment Review, 2020, vol. 83, no. 106398. URL: Link
López R.E., Yoon S.W. Sustainable development: Structural transformation and the consumer demand. Structural Change and Economic Dynamics, 2020, vol. 52, pp. 22–38. URL: Link
Min Zhou, Govindan K., Xiongbiao Xie. How fairness perceptions, embeddedness, and knowledge sharing drive green innovation in sustainable supply chains: An equity theory and network perspective to achieve sustainable development goals. Journal of Cleaner Production, 2020, vol. 260, no. 120950. URL: Link
Kwatra S., Kumar A., Sharma P. A critical review of studies related to construction and computation of Sustainable Development Indices. Ecological Indicators, 2020, vol. 112, no. 106061. URL: Link
Hummels H., Argyrou A. Planetary demands: Redefining sustainable development and sustainable entrepreneurship. Journal of Cleaner Production, 2021, vol. 278, no. 123804. URL: Link
Gunnarsdottir I., Davidsdottir B., Worrell E., Sigurgeirsdottir S. Review of indicators for sustainable energy development. Renewable and Sustainable Energy Reviews, 2020, vol. 133, no. 110294. URL: Link
Beier G., Ullrich A., Niehoff S. et al. Industry 4.0: How it is defined from a sociotechnical perspective and how much sustainability it includes – A literature review. Journal of Cleaner Production, 2020, vol. 259, no. 120856. URL: Link
Vaio A.D., Palladino R., Hassan R., Escobar O. Artificial intelligence and business models in the sustainable development goals perspective: A systematic literature review. Journal of Business Research, 2020, vol. 121, pp. 283–314. URL: Link
Secundo G., Ndou V., Pascale G.D., Vecchio P.D. Sustainable development, intellectual capital and technology policies: A structured literature review and future research agenda. Technological Forecasting and Social Change, 2020, vol. 153, no. 119917. URL: Link
Pizzi S., Caputo A., Corvino A., Venturelli A. Management research and the UN sustainable development goals (SDGs): A bibliometric investigation and systematic review. Journal of Cleaner Production, 2020, vol. 276, no. 124033. URL: Link
Navarrete S.D.S., Borini F.M., Avrichir I. Environmental upgrading and the United Nations Sustainable Development Goals. Journal of Cleaner Production, 2020, vol. 264, no. 121563. URL: Link