An Assessment of the Applicability of Sustainability Measurement Tools to Resource-Based Economies of the Commonwealth of Independent States

Tatyana Ponomarenko, Marina Nevskaya and Oksana Marinina
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Tatyana Ponomarenko: Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia
Marina Nevskaya: Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia
Oksana Marinina: Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia

Sustainability, 2020, vol. 12, issue 14, 1-20

Abstract: The concept of sustainable development (SD) is aimed at ensuring public well-being for the present and future generations. Hundreds of methods have been proposed for assessing and comparing the sustainable development of countries and analyzing their contribution to the future of the world. When applied to resource-based economies (RBEs), assessment tools do not take into account the value and impact of mineral resources on SD indicators. The purpose of the study is to reveal the limitations of applying some tools by taking into consideration the specific features of RBEs. Research methods include a correlation analysis between gross national income (GNI) per capita and aggregated indices (the Sustainable Society Index (SSI), the Human Development Index (HDI), and the Environmental Performance Index (EPI)), a comparative analysis of these indices and mining companies’ performance indicators. Object Eurasian RBEs were selected, but Norway was analyzed separately from the sample. The results of the study show that correlations between GNI per capita and SD indicators are heterogeneous. There is no statistically significant correlation between GNI per capita and SSI, a strong correlation with HDI, and a weak correlation with EPI. The EPI and SSI structures do not reflect the specific features of RBEs.

Keywords: sustainable development; assessment; indicators; resource-based economy; mineral resources (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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