Verifying the Results of Genuine Savings Assessment in Regions
E.A. SYRTSOVA
Institute of Economics, Management and Environmental Studies, Siberian Federal University, 79, Svobodny av., Krasnoyarsk, 660041, Russia
Keywords: экономика природопользования, устойчивое развитие, истинные сбережения, эконометрическое моделирование, региональная экономика, natural resource economics, sustainable development, genuine savings, econometric modeling, regional economy
Abstract
The article suggests an approach to verifying the results of genuine savings assessment in regions based on econometric modeling. It describes a methodology for calculating the components of genuine savings regarding the existing statistical accounting system and evaluates the sustainable development of Siberian regions over the past ten years. We design a model to link genuine savings and future consumption. Having evaluated the model, we confirmed two hypotheses: first, genuine savings growth leads to an increase in the future well-being; secondly, the components of genuine savings are estimated correctly. Therefore, based on the proposed approach to assessing genuine savings, it is possible to formulate a methodology for calculating them as an indicator in the statistical accounting system of Russia, at which point the indicator can be included in the national program of following the principles of sustainable development as one of the sustainability indicators for decision-making in regional policy.
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