I. A. Ivanova, S. G. Busalova, E. R. Gorchakova. Regional Investment Market in the Sphere of Waste Management: Dynamics, Structure, Evaluation Methodology

UDК 332.1.002.8 

DOI: 10.15507/2413-1407.117.029.202104.840-865

Abstract

Introduction. Developing environmental entrepreneurship and attracting investments in the sphere of waste management are relevant for increasing the sustainability of economic systems in the circumstances of catastrophic environmental pollution, climate change, and depletion of natural resources. Based on the conducted research, the article assesses the impact of industrial and consumer waste generation on the development of the regional investment market in the sphere of waste management.

Materials and Methods. A systemic analysis of the databases of the Federal State Statistics Service characterizing the development of the investment market in the sphere of waste management was performed using the correlation, factor, and regression (linear and nonlinear) methods of analysis, as well as the analysis of variance. On the basis of econometric dynamic modeling using instrumental variables, the study has revealed the dependence of the volume of investment in fixed assets in the Russian Federation aimed at environmental protection and rational use of natural resources on the volume and structure of generated industrial and consumer waste.

Results. The volume of investment in fixed assets in the Russian Federation aimed at environmental protection and rational use of natural resources has been prognosticated taking into account the statistical criteria; conclusions have been drawn about strong influence of the dynamics of industrial and consumer waste generation. Based on the conducted research, proposals for increasing investment activity in the sphere of waste management have been formulated.

Discussion and Conclusion. The sphere of waste management has a high development potential enabling this sector of the Russian economy, with appropriate competent investment policy, to solve not only environmental, but also significant macroeconomic problems. The results obtained can be used when elaborating and implementing measures aimed at the development of a waste management system, the key exogenous parameter of which, determining the magnitude of the macroeconomic effect, is the volume of investment in the production of waste collection and processing equipment.

Keywords: investment, environmental protection, waste management, recycling, regression, prognostication, econometric modeling

The authors declare that there is no conflict of interest.

Acknowledgements. The authors wish to express their appreciation to the editorial staff of the Russian Journal of Regional Studies (Regionology) and the reviewers for their constructive comments and valuable recommendations.

For citation: Ivanova I.A., Busalova S.G., Gorchakova E.R. Regional Investment Market in the Sphere of Waste Management: Dynamics, Structure, Evaluation Methodology. Regionology = Russian Journal of Regional Studies. 2021; 29(4):840-865. doi: https://doi.org/10.15507/2413-1407.117.029.202104.840-865

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Submitted 11.06.2021; approved after reviewing 27.07.2021; accepted for publication 09.08.2021.

About the authors:

Irina A. Ivanova, Associate Professor, Department of Statistics, Econometrics and Information Technologies in Management, National Research Mordovia State University (68/1 Bolshevistskaya St., Saransk 430005, Russian Federation), Cand. Sci. (Economics), ORCID: https://orcid.org/0000-0003-1113-0858, ivia16@mail.ru

Svetlana G. Busalova, Associate Professor, Department of Finance and Credit, National Research Mordovia State University (68/1 Bolshevistskaya St., Saransk 430005, Russian Federation), Cand. Sci. (Economics), ORCID: https://orcid.org/0000-0001-5919-8400, sbusalova@yandex.ru

Elmira R. Gorchakova, Postgraduate, ITMO University (49 Kronverksky Ave., St. Petersburg 197101, Russian Federation), ORCID: https://orcid.org/0000-0002-1862-6015, misselmi058@gmail.com

Contribution of the authors:

I. A. Ivanova – statement of the research problem; critical analysis and choice of research methodology.

S. G. Busalova – evaluation of the results; drawing conclusions; critical analysis and revision of the text.

E. R. Gorchakova – collection, systematization and structuring of analytical information; production of practical recommendations.

The authors have read and approved the final version of the manuscript.

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