The econometric model construction of industrial enterprise sustainable development

Ensuring the sustainable development of economic activity is an urgent area in economic science and the business environment. The importance of maintaining strategic sustainability has been particularly high recently due to the increased impact of global externalities, such as the COVID-19 pandemic, environmental disasters, macroeconomic imbalances, overpopulation, and so on. In this context, it is interesting to find and study ways to rationalize and strategically maintain sustainable development at all levels of government. One of the most effective ways to identify the key factors of “influence” on the sustainable position of the enterprise is the construction of economic and mathematical models, in particular by using the econometric apparatus. This article proposes to build an econometric model of sustainable development at the enterprise level, taking into account its participation in industrial production. For this purpose, it is proposed to use a methodological apparatus based on the tools of stress testing, regression analysis and expert modeling. The key limitation of this approach is the classical problem of incomplete information. On the basis of the obtained data, it becomes possible to form new forms of modeling of qualitative dependencies between the indicator of sustainable development and other factors controlled by the enterprise. As part of the study, a simplified approbation of this model was also carried out at an industrial enterprise, which allows us to draw a fair conclusion about the viability of the proposed approach.