Abstract

The new technique designed to assess sustainability of economic development
 of regions is based on applying diagnostics of system sustainability failure.
 Degree of sustainability is assessed by dispersion of economic growth rates.
 Risks of instability in economic development dynamics is assessed by an index,
 reflecting relative variations in economic growth rates. The author examines
 economic development dynamics of Ural Federal District as a whole and also of
 Kurgan, Sverdlovsk, Tyumen and Chelyabinsk regions, based on data for the
 period of 2000–2012. As is found out, the said regions differ in terms of periods
 of sustainable and unstable development and degrees of economic growth
 instability. It is also found, that Tyumen and Sverdlovsk regions are more stable
 in term of economic development than Kurgan and Chelyabinsk regions. As for
 economic development of Ural Federal District as a whole, it is comparable in
 terms of sustainability with that of the national economy. As correlation analysis
 shows, indicators of unstable economic development affect substantially the
 level of investments in regional economy. Economic growth instability has an
 adverse effect on the level of investments in regional economy.

Full Text
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