Interrelation of technological, ecological and economic aspects of industrial development of Arctic mineral resources

Abstract

The article studies the directions for expanding the innovative activity of the enterprises working with Arctic minerals and raw materials. It is shown that the influence of the scientific and technological progress on the efficiency of material usage, labour resources and other economic factors, as well as physical capital (fixed assets) of manufacturing enterprises may be reflected in the technological production coefficient. Based on the developed matrix of possible directions for enterprises’ technological development and the graphic model of the technological development life cycle, the foundations of a new direction in the economic analysis - the investment and innovation analysis - are formulated. Prospects of using the technological production coefficient have been identified and the main factors influencing the change in its values have been highlighted. It is shown that the influence of technological development on the enterprises’ activities efficiency is caused not only by objective, but also by subjective factors. The procedure for implementing the retrospective investment and innovation analysis is considered. Requirements for the economic efficiency assessment during the implementation of investment projects at Arctic enterprises working with the extraction and processing of mineral resources are formulated.