Abstract

The development of mineral resources in the Arctic territories is one of the priorities of the state policy of Russia. This endeavor requires modern technologies, high-quality personnel, and a large number of labor resources. However, the regions of the Arctic are characterized by difficult working and living conditions, which makes them unattractive to the working population. The research objectives were to study the importance of Arctic mineral resources for the Russian economy, the Arctic mineral resource potential, and the migration attractiveness of Arctic regions. The migration processes in these locations were analyzed and modeled using a new econometric tool—complex-valued regression models. The authors assume that the attractiveness of the Arctic regions is determined by the level of their social and economic development and can be assessed using a number of indicators. A comparative analysis of four regions that are entirely in the Arctic zone of the Russian Federation was carried out based on the calculation of integral indicators of the social and economic attractiveness of these territories. Forecasting migration growth using the proposed complex-valued models produced better results than simple trend extrapolation. The authors conclude that complex-valued economic models can be successfully used to forecast migration processes in the Arctic regions of Russia. Understanding and predicting migration processes in the Arctic will make it possible to develop recommendations for attracting labor resources to the region, which will contribute to the successful development of its resource potential. The methodology of this study includes desk studies, a graphical method, arithmetic calculations, correlation analysis, statistical analysis, and the methods of the complex-valued economy.

Highlights

  • The development of rich mineral resources in the Arctic has been of global interest for several decades [1,2,3]

  • We identified the role of resource potential in the Russian economy and the main challenges and prospects of the Arctic region and analyzed approaches and indicators for assessing regional attractiveness

  • The development of the Arctic mineral resource potential is impossible without qualified personnel, and there is a strong relationship between mining activities and migration processes in the Arctic regions

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Summary

Introduction

The development of rich mineral resources in the Arctic has been of global interest for several decades [1,2,3]. The development of the Arctic is of great interest to both business and science communities around the world [5,6,7], including Russia, which is primarily due to the depletion of proven natural resources in traditional mining regions. Oil and gas are the most attractive for exploration and production in the Arctic zone, and the sustainable development of the country is impossible without the constant replenishment of proven oil and gas reserves, since 30–40% of the Russian budget depends on oil and gas revenues [5,6,7,8,9,10]. With the development of the mining industry, including the oil and gas industry as the largest driver, the Arctic could potentially attract over $100 billion of investments [13]

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