Economic Growth Quality of Metallurgical Industry in Russia
Economic Growth Quality of Metallurgical Industry in Russia

Summary/Abstract: The author researched the empirical assessment of sustainable economic growth of the metallurgical industry in Russia. We systemized the main approaches to the sustainable growth assessment. We offered the evaluation algorithm, based on the objective quantitative statistical data. The advantages of the method are availability of indicators, simplicity and complexity of assessment, the implementation possibility of these tools for any industries and complexes. The results of the research reveal the low quality (unsustainability) of the economic growth of the Russian metallurgical complex, which is due to both macroeconomic shocks and the multi-vector strategies of the industry. We found out that the Russian metallurgy is currently in the situation of ‘catching up growth’.

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