Resource efficiency and pricing policy of industries the sustainable development context

Abstract

Abstract In the article, the authors analyzed the theoretical foundations of sustainable economic growth based on the research of modern foreign and domestic scientists. It is proved that the economy of the linear type has exhausted itself due to the effect of scale. That is why, today, one of the foreground of research areas among leading domestic and foreign scientists is the concept of sustainable development which should be based on cyclical or circular economy principles. One of the directions of development is working out methods of products price formation taking into account resource-efficient strategies. The article presents price equilibrium scenarios developed by the authors, which were implemented in the oil and gas industry based on business activities for 2015-2020. These scenarios were developed by the authors using Leontiev’s cross-industry model, which explores how do these changes can impact the performance of resource use, based on changes in direct cost ratios, value added ratios and intermediate consumption ratios.