The global processes influence on the development of the Arctic. Issue 1 (July 2020) - Didenko, N I
Abstract: In this article, an attempt is made to create a model of global processes influence on the development of the Arctic territories of circumpolar countries. A characteristic of the Arctic territories as a research object is given from the point of view of the territorial, geographical, natural and climatic features, as well as globalization processes such as transnationalisation, scientific and technological progress, market competition. A hypothesis of the global processes influence on the development of the Arctic is formulated. Methodology for creating a model of the global processes influence on the development of the Arctic territories of the circumpolar countries is proposed including the formulation of the research objective, the rationale for the selection of endogenous and exogenous variables, and the creation of a model. The research objective was to create a model of the globalization processes influence on the Arctic development. The indicators reflecting the economic, social, and environmental development of the Arctic territories of the circumpolar countries were selected as endogenous variables. They include the average annual increase in the gross regional product, the share of agricultural products in the gross regional product, the share of industry in the gross regional product, the number of economically active population, the number of unemployed people, and carbon dioxide emissions. The indicators characterizing globalization processes were selected as exogenous variables: the average value of the transnationalization index of the largest transnational corporations (TNCs), world exports of goods and services, royalties and license payments, traditional fuels consumption, electricity consumption per capita, the volume of foreign direct investments. The authors propose a dynamic econometric model consisting of eight econometric equations, each of which is an ADL model that takes into account the time factor. The results of the analysis will be used by the authors in further studies to make forecasts and develop a concept for the development of the Arctic territories of circumpolar countries.