Diversification as a Factor in the Efficient Economic Development of the Republic of Sakha (Yakutia), Russia

This article empirically substantiates an approach to the diversification of regional economy Republic Sakha (Yakutia). The authors used data samples for all Russian regions determine cause-and-effect relationships between development indicators mining, manufacturing, and construction industries. applied regression analysis VAR-model assess impact on gross product regarding sectors. obtained results proved feasibility diversifying its stable economic development, especially in long term. paper presents a universal assessing region's long-term through economy.