SOCIO-ECOLOGICAL-ECONOMIC EVALUATION OF SUSTAINABILITY IN MANAGING REGIONAL DEVELOPMENT BASED ON ECONOMETRIC MODELING
This article describes the results of an econometric modeling of the sustainability of the development of the Chinese regions. In recent decades, China has experienced rapid economic growth. But a fast pace of economic growth does not mean that growth is sustainable. On the contrary, serious social and environmental problems are ripe and require quick solutions in many areas of China. Sustainable development is proclaimed in all countries of the world as a type of socio-economic development, the transition to which should be sought. In this study, indicators are identified and justified that characterize the state of three sectors of the regional socio-ecological-economic system: economy, environment and social sphere. Using the selected indicators on the basis of a database characterizing the state of the social, environmental, and economic spheres of 31 provinces of China, three econometric (multiple regression) models were constructed and empirically verified in 2008 and 2017. Based on the simulation results, the mutual influences of the three sectors are analyzed and recommendations are given on measures that contribute to entering the sustainable development trajectory.