Assessment and substantiation of sustainable development of the region
- G.V. Plekhanov Saint Petersburg Mining Institute
Abstract
The article deals with designing an integrated model of economic system development, which would reflect all aspects of its functioning. Estimation of sustainable development of the system is offered to be carried out with the so called integrated factor of sustainable development, which is calculated on the basis of economic, social and ecological stability factors. The variant of development, when the maximum value of the integrated stability factor, is reached is the most sustainable (with the values of economic, social and ecological stability factors exceeding 1). Thus, criterion of the system stability can be formulated as maximization of the value of the integrated stability factor.
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