The effect of imbalance in resource management on regional social economic development

I V Sharf,A A Mikhalchuk

doi:10.1088/1755-1315/629/1/012010

Abstract

Socio-economic consequences in oil-producing regions are defined by the balance in subsoil use developed under the influence of different factors. The research hypothesis suggests that imbalances in resource management, the key criterion of which is a balance between reserve addition and oil recovery, differentially influence the social and economic development of the regions involved, the choice of which is conditioned by similarity of geologic, industrial and economic criteria. The research methods are descriptive statistics, variance analysis (ANOVA), Cobb-Douglas regression function, Data Envelopment Analysis with MPI (Malmquist productivity index). The research results have shown that the part of reserve addition and oil recovery in per capita gross regional product vary from negative to positive, which is explained by the degree of depletion and exploration of a field and is a result of the effect of existing institutional environment. According to the DEA method, the efficient boundaries are formed by the Russian Federation entities where the potential of oil-and-gas industry has not been fully used as a driving force of socio-economic development, which is supported by the results of the Cobb-Douglas regression model and variance analysis. The research results are an additional confirmation of interregional imbalance in socio-economic development, one of the factors of which is an imbalance in resource management.

Highlights

Depletion of the mineral resource base is one of the key challenges in regional sustainable long-term economic growth and a factor contributing to “differentiation of regions and municipal entities at the levels and rates of socioeconomic development”, which constitutes the problem of the constant addition of mineral resource base (MRB).regional addition processes differ quantitatively and qualitatively, which is conditioned by the natural factor of MRB availability and the existing institutional and macroeconomic environments
In terms of the resource base, small, very small and medium-size fields are predominant in all regions, though major fields characterized by the late stage of their development still make up a high share of the recovery
The research results indicate that the Republic of Komi, the Udmurt Republic, and Tomsk Oblast have the highest values of the technological coefficient: 2.35, 3.171, and 1.857, respectively

Summary

Introduction

Depletion of the mineral resource base is one of the key challenges in regional sustainable long-term economic growth (figure 1) and a factor contributing to “differentiation of regions and municipal entities at the levels and rates of socioeconomic development”, which constitutes the problem of the constant addition of mineral resource base (MRB).regional addition processes differ quantitatively and qualitatively, which is conditioned by the natural factor of MRB availability and the existing institutional and macroeconomic environments. Depletion of the mineral resource base is one of the key challenges in regional sustainable long-term economic growth (figure 1) and a factor contributing to “differentiation of regions and municipal entities at the levels and rates of socioeconomic development”, which constitutes the problem of the constant addition of mineral resource base (MRB). It is worth noting that balanced resource management is a multidimensional process, including the solution of a complex of interrelated problems (legislation, engineering, economic, environmental, etc.), and, as a consequence, in research and legislative areas, there is a wide range of investigations and interpretations, the imperative of which is the necessity of a balance between:.

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