Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-Science-Industry” (ISPCR 2021)

Forecasting the Economic Security Level of Murmansk Oblast as a Coastal Arctic Region

Authors
Roman V. Badylevich1, *, ramapatit@rambler.ru, ORCID
1Luzin Institute for Economic Studies – Subdivision of the Federal Research Centre “Kola Science Centre of the Russian Academy of Sciences”, Apatity, Murmansk Oblast, Russia
Corresponding Author
Roman V. Badylevichramapatit@rambler.ru,
Available Online 25 February 2022.
DOI
10.2991/aebmr.k.220208.002How to use a DOI?
Keywords
economic security; regional policy; regional forecasting; coastal Arctic region; Murmansk Oblast
Abstract

The article is devoted to the study of the potential impact of key factors that form long-term and medium-term scenarios of development of the coastal Arctic region on the level of economic security of the Murmansk Oblast. We highlight the specifics of implementation of medium- and long-term forecasting as a management function for the regional level. It is determined that within the framework of the forecasting of economic security it is vital not only to form a complete list of internal and external factors that determine socio-economic processes, but also to identify those factors and conditions that will have the strongest impact on the individual components of economic security. The study identifies the main groups of factors that will determine the development of the Murmansk Oblast in the medium and long term (environmental and nature-related, macroeconomic and market, technological, demographic, political, geopolitical, social).The impact of factors on the potential change in both the general fields that form the level of economic security of any subject of the Russian Federation and the specific fields that determine the economic security of coastal Arctic regions has been assessed. We established that the opportunities to increase the level of economic security of the Murmansk Oblast are connected with the increase in the region’s ability to develop sustainably by improving the investment climate and development of the main sectors of the economy, as well as by improving transport infrastructure. The potential for negative demographic trends and difficulties for the largest mining companies in the region, caused by unfavorable market conditions and depletion of producing fields, determine security.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-Science-Industry” (ISPCR 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
25 February 2022
ISBN
10.2991/aebmr.k.220208.002
ISSN
2352-5428
DOI
10.2991/aebmr.k.220208.002How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Roman V. Badylevich
PY  - 2022
DA  - 2022/02/25
TI  - Forecasting the Economic Security Level of Murmansk Oblast as a Coastal Arctic Region
BT  - Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-Science-Industry” (ISPCR 2021)
PB  - Atlantis Press
SP  - 8
EP  - 14
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220208.002
DO  - 10.2991/aebmr.k.220208.002
ID  - Badylevich2022
ER  -