ASSESSMENT OF ECONOMIC GROWTH SUSTAINABILITY IN METALLURGY
S.V. Orekhova
Ural State University of Economics, Str. 8 March, 62, Ekaterinburg, Sverdlovsk region, 620144
Keywords: устойчивое развитие, качество роста, управление промышленностью, металлургическая отрасль, институциональная среда, sustainable development, quality of growth, industrial management, metallurgy, institutional environment
Abstract
The study is aimed at an empirical assessment of economic growth sustainability of the metallurgical industry in Russia. The author has systematized the main approaches to assessing of economic growth sustainability. An estimation algorithm based on unified objective statistical data. The advantages of that method are availability of indicators, the simplicity and complexity, using this tool for any industries. The results of the study show us the low quality (instability) of the economic growth of the metallurgical industry in Russia. This fact we can explain macroeconomic shocks and the poor strategy of the industry. We also defined that the Russian metallurgy at the current stage of development is in a situation of a «profit trap». It situation is characterized by a short-term effect.
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