scholarly journals Priority areas of state regulation of the industry in the context of sustainable development

2021 ◽  
Vol 915 (1) ◽  
pp. 012028
Author(s):  
N Shmygol ◽  
O Galtsova ◽  
O Yelisyeyeva ◽  
Tarlopov ◽  
V Belozertsev
Keyword(s):  
Statistical Data ◽  
Raw Materials ◽  
Mining Industry ◽  
State Regulation ◽  
Economic Activities ◽  
Extractive Industry ◽  
Accounts Receivable ◽  
Goods And Services ◽  
Accounts Payable ◽  
Intermediate Consumption

Abstract In the article it is proved, that the economic development of any industry depends on the results of the economic activities of the enterprises that are part of it. Based on the available statistical data, we proposed a model for diagnosing the results of the mining industry and conducted a comparative analysis of the results of the study in the context of economic activities. Given the high integration of mining enterprises into the system of intersectoral relations, this problem cannot be solved within the framework of one industry. Therefore, it is proved that, taking into account the existing experience, it requires complex measures: accounts receivable are formed as a result of late payment for delivered products. The main consumers of the extractive industry are: the processing industry, the supply of electricity, gas, air conditioning and transport. They consume more than 87% of the products of this industry in the intermediate consumption market and are the most debtors; on the other hand, these regions are also the largest suppliers of raw materials, materials and semi-finished products for the extractive industry. Therefore, in the end, the accumulation of current accounts payable at the enterprises of the extractive industry for the delivered goods and services is the least desirable for them.

scholarly journals Value Added from the Perspective of Econophysics

2021 ◽  
Vol 24 (4) ◽  
pp. 137-152
Author(s):  
Ihor Hurnyak ◽  
Nataliya Struk ◽  
Aleksandra Kordonska
Keyword(s):  
Regression Models ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Accounts Receivable ◽  
Goods And Services ◽  
Accounts Payable ◽  
Intermediate Consumption ◽  
Economic Forces ◽  
Business Efficiency

The production, or value added, approach to GDP involves calculating an industry or sector’s output and subtracting its intermediate consumption (the goods and services used to produce the output) to derive its value added. The value added at the macro level depends on business efficiency. It reflects an increase in value that a business creates by undertaking the production process. We assumed that the market creates thousands of vibrating energies, coming from other enterprises, with different frequencies. The purpose of this article is to verify whether the econophysics approach could be successfully used to assess a business from the perspective of the interaction between economic forces. Thus, we propose that the term ‘value added’ be understood as a certain amount of accumulated energy of enterprises that comes from the interaction of basic economic forces and economic vibrating forces of accounting. Using regression models, we show the influence of basic forces, like debt and the stock market, and vibrating ones (i.e., accounts payable, accounts receivable, inventory) on the economic value added by testing US, European, and emerging markets. We confirmed the relevance and appropriateness of the econophysics approach to estimating the economic value added.

Best Available Techniques in mining industry: topical issues and solution methods

2020 ◽  
pp. 55-64
Author(s):  
A. E. Zakondyrin
Keyword(s):  
Mining Industry ◽  
Mineral Resources ◽  
Economic Activities ◽  
Extractive Industry ◽  
Best Available Techniques ◽  
Ecological Changes ◽  
Solution Methods ◽  
Frame Work ◽  
The Russian Federation ◽  
Negative Environmental Impact

Extraction of mineral resources is one of the most profitable economic activities of the country, commanding a large part in Russian GDP. Nevertheless, precisely extractive industry is simultaneously leading in the level of Negative Environmental Impact. Adoption and application of BAT in mining sector companies requires essential changes in ecological policy of the Russian Federation. Although they were already started since 2014, there are still many unsolved problems in this area. It is emphasized within the article frame work, that one of the most topical issues is a long-standing need to develop more efficient methods and mechanisms of state support for technological and ecological changes. The ways of difficulties overcoming were considered, recommendations on enhancement of existing regulatory framework and standardisation documents in the area of research were made.

Economic aspects of subsurface use in northern regions of resource type

2021 ◽  
pp. 11-19
Author(s):  
В.В. НИКИФОРОВА
Keyword(s):  
Social Development ◽  
Raw Materials ◽  
Mining Industry ◽  
Special Role ◽  
Economic Aspects ◽  
Extractive Industry ◽  
Mineral Raw Materials ◽  
Northern Regions ◽  
Resource Type ◽  
High Level

В настоящее время в экономическом развитии не только отдельных регионов, но и всей страны особую роль играет состояние добывающей промышленности, в основном топливно-энергетических ресурсов и цветных металлов. В Российской Федерации доходы, получаемые за счет добычи и экспорта минерального сырья, в стоимостном выражении составляют около 80% российского экспорта. В статье рассматриваются экономические аспекты недропользования в северных регионах ресурсного типа, специализирующихся на добыче высоколиквидных минеральных ресурсов: нефти, газа, угля, алмазов и золота с целью выявления сильных и слабых сторон. Анализируются минерально-сырьевой и производственный потенциалы добывающей промышленности регионов. Методом математической статистики оценивается уровень зависимости социального развития регионов от добывающей промышленности по шкале Чеддока. На основе факторного анализа и оценки экономических составляющих недропользования и региональной статистики за 2010-2020 гг. выявлены высокий уровень ресурсной ориентированности экономики, капиталоемкости и фондоемкости добывающей промышленности и моноспециализация экономики во всех северных регионах ресурсного типа, высокий уровень зависимости социального развития от добывающей промышленности в Республике Саха (Якутия), Ханты-Мансийском – Югра и Ямало-Ненецком автономном округах. Выделены негативные и позитивные факторы устойчивого развития добывающей промышленности, также определены ключевые моменты перспективного развития экономики северных регионов ресурсного типа. At present, the state of the mining industry, mainly fuel and energy resources and non-ferrous metals, plays a special role in the economic development of not only individual regions, but also the whole country. In the Russian Federation, revenues derived from the extraction and export of mineral raw materials in value terms account for about 80% of Russian exports. The article discusses the economic aspects of subsurface use in the northern resource-type regions specializing in the extraction of highly liquid mineral resources: oil, gas, coal, diamonds and gold in order to identify strengths and weaknesses. The mineral raw materials and production potentials of the mining industry of the regions are analyzed. The method of mathematical statistics evaluates the level of dependence of the social development of regions on the extractive industry on the Cheddock scale. Based on a factor analysis and assessment of the economic components of subsurface use and regional statistics for 2010-2020, there was revealed a high level of resource orientation of the economy; capital intensity of the mining industry and monospecialization of the economy in all northern resource-type regions; a high level of dependence of social development on the extractive industry in the Sakha Republic (Yakutia), Khanty-Mansiysk-Yugra and Yamalo-Nenets Autonomous Okrugs. The negative and positive factors of the sustainable development of the mining industry are highlighted, and the key points of the prospective development of the economy of the northern regions of the resource type are also identified.

How does working capital management affect the profitability of Vietnamese small- and medium-sized enterprises?

2017 ◽  
Vol 24 (1) ◽  
pp. 2-11 ◽  
Author(s):  
Hien Tran ◽  
Malcolm Abbott ◽  
Chee Jin Yap
Keyword(s):  
Global Economy ◽  
Capital Investment ◽  
Raw Materials ◽  
Optimal Level ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Content Type ◽  
Accounts Receivable ◽  
Accounts Payable

Purpose Well-designed and implemented working capital management (WCM) will encourage positive returns for a business and establish the firm’s value, while ineffective management will undoubtedly lead to failure of the enterprise. The paper aims to discuss these issues. Design/methodology/approach In business, fixed capital and working capital are the two main forms of capital used. The current assets used in the business as working capital for day-to-day operations include raw materials, work in progress, finished goods, bills receivable, cash and bank balance. This paper analyses the relationship between WCM and profitability in Vietnamese small- and medium-sized enterprises (SMEs) after integration into the global economy. Findings The results suggest that SME owner-managers can increase their firm’s profitability by reducing the number of days of accounts receivable, accounts inventories and accounts payable to an optimal minimum. In addition, a robustness check of this study indicates that high profitability will be achieved, with an optimal level of working capital investment in accounts inventories, accounts receivable and accounts payable. Originality/value No work of this sort has been applied to Vietnamese circumstances. It is also rare in SE Asia more generally.

scholarly journals THE ROLE AND PLACE OF THE EXTRACTIVE INDUSTRY IN THE ECONOMY OF UKRAINE

2020 ◽  
Author(s):  
Svitlana Svirko ◽  
◽  
Valerii Parshakov ◽  
Keyword(s):  
Foreign Trade ◽  
Trade Balance ◽  
Capital Investment ◽  
Mining Industry ◽  
Extractive Industries ◽  
Steady Increase ◽  
Successful Operation ◽  
Extractive Industry ◽  
Intermediate Consumption ◽  
Fixed Assets

The article analyzes a number of scientific literature on the problems of the functioning and development of the mining industry of Ukraine. However, the analysis showed that the research did not focus on the importance of the extractive industry in the economy of Ukraine. In the course of the research it was established that Ukraine is definitely one of the most powerful mineral resource countries in the world, this situation is explained by the complex geological structure of Ukraine. It is established that for generalization of information data the classification of kinds of economic activity in its consecutive logical heredity is offered for application, thus for the basic level to choose section coding. The article considers the role and place of the extractive industry in the economy of Ukraine. A number of statistical indicators of general economic importance were studied, namely: the volume of produced and intermediate consumption of extractive industries (showed that the leader in intermediate consumption is the processing industry, but it showed a decline in demand for extractive industries); foreign trade balance in the context of the extractive industry (indicates a gradual leveling of Ukraine's foreign trade balance in the extractive industry, both by maintaining a relatively stable indicator of exports of its products and reducing imports); the share of the extractive industry in the total volume of goods and services (demonstrates a steady increase in intermediate consumption of extractive industries in customer prices), the availability and condition of fixed assets (demonstrates a fragmentary increase in the initial cost of fixed assets within the domestic economy) within the industry of Ukraine and in fact stable – within the extractive industry) and the volume of capital investment in this industry (the dynamics should be considered positive, as the level of investment in the studied industry exceeds the level of total investment by 1.3 times and 1.03 times the level of industrial investment Of Ukraine). Based on the analysis, the relevant conclusions were made on the state and activities of the extractive industry, which, in general, should be considered better than the country as a whole, and in some respects – and the country's industry. This, as well as the functional purpose of this industry, allows us to emphasize that the extractive industry is an integral part of the overall economic complex of the country, which ensures its smooth and successful operation.

scholarly journals THE BRANDING OF SMALL ECONOMIES IN THE GLOBAL WORLD

2020 ◽  
Vol 13 (25) ◽  
Author(s):  
Dragana Milenković ◽  
Tanja Vujović
Keyword(s):  
Sustainable Development ◽  
Information And Communication Technologies ◽  
Economies Of Scale ◽  
Raw Materials ◽  
Economic Activities ◽  
Poor Countries ◽  
Goods And Services ◽  
The World ◽  
Information And Communication ◽  
Rich Countries

The process of globalization is a logical process of internationalization, caused by deregulation and liberalization, as well as the development of information and communication technologies. To perform an isolationist policy today is completely absurd. Therefore, the main goal of each national economy is to be engaged in international trade while retaining sovereignty and achieving sustainable development, and this is only possible if we realize that not all economic activities are qualitatively the same as the drivers of economic development, and that globalization and free trade can create an automatic economic harmony. Countries that specialize in the export of raw materials will sooner or later experience the opposite effect from economies of scale, namely declining yields. Sustainable development today is a kind of monopoly on the production of advanced goods and services, in which rich countries experience one explosion of productivity for another. In the first part of the paper, we analyze the effects that abstract theories of classical liberal economies have on the poor countries, as well as the neoliberal policies that the World Bank, the International Monetary Fund and the World Trade Organization today apply to developing countries. In the second part of the paper, we analyze examples of countries whose economic prosperity is the result of a smart and pragmatic mix of market incentives and governance. In the third part of the paper we give recommendations for the new development and trade policy of Serbia. In the last part of the paper, we point to the importance of branding as a factor in the export competitiveness of the company.

scholarly journals Analyzing the Foreign Economic Activities of Ukraine and the Structure of Export-Import Operations with Plastic Pipes

2020 ◽  
Vol 9 (512) ◽  
pp. 29-36
Author(s):  
M. S. Rakhman ◽  
◽  
O. V. Zaika ◽  
Keyword(s):  
Structural Changes ◽  
Raw Materials ◽  
Polymeric Materials ◽  
Foreign Market ◽  
Economic Activities ◽  
Average Volume ◽  
Pricing Policy ◽  
Goods And Services ◽  
Polyethylene Pipes ◽  
The Impact

Polyethylene (PE) and polyvinyl chloride (PVC) are used in many areas of human activity, in the production of various goods, which is carried out mainly on the basis of imported raw materials. This production is almost entirely focused on the domestic consumption, and the pricing policy directly depends on customs duties and taxes. On the Ukrainian market are presented imported fabricated products with uprated specification, in particular, pipe products made of polymeric materials. The article is aimed at studying the volumes and structure of export-import operations of Ukraine in terms of the group «Polymeric materials, plastics and products from them», identifying problems and prospects of Ukrainian producers of pipe products and their participation in foreign economic activities. The analysis of structural changes in volumes and balance of the foreign trade in goods and services of Ukraine in dynamics is carried out; the volume of export-import operations in goods is determined; averages for the period are computed. The participation of Ukrainian enterprises in the implementation of foreign economic activities is characterized, including: quantity, regional placement in the territory of the country, the average volume of operations. The volumes and dynamics of export-import operations in the group 39 «Plastics, polymeric materials», both the commodity and the geographical structure are analyzed. The authors consider the main producers of fabricated polymer-pipe products together with the producers of domestic raw materials, their proportion in the sale of goods in the foreign market; the suppliers of imported raw materials and the impact of changes in customs tariffs and fees on prices. The range of average export-import prices for 1 kg of polyethylene pipes for the top five countries is calculated. Market problems are identified and the relevant recommendations are made.

scholarly journals Differences in the generation of industrial waste from economic activities in Ukraine and the EU and the prospects for the integrated use of mineral raw materials

2021 ◽  
Vol 280 ◽  
pp. 09008
Author(s):  
Victoria Gubina ◽  
Victor Zaborovsky ◽  
Natalia Mitsiuk ◽  
Aboubaker Farag Srat
Keyword(s):  
Economic Activity ◽  
Statistical Data ◽  
Raw Materials ◽  
Household Waste ◽  
The European Union ◽  
Waste Generation ◽  
Economic Activities ◽  
Eu Countries ◽  
The Eu ◽  
Iron And Manganese

The paper presents the comparative analysis of the amount of waste generated in Ukraine and European countries (except for radioactive waste) based on the official EU and Ukrainian statistical data. The data on waste generation are compiled according to the following classification: by economic activity and household, waste category, grades of hazard, and regions. In Ukraine, 352.3 million tons of waste was generated in 2018. By 2018, almost 13 billion tons of waste had been accumulated at the managed dumpsites, including about 12 million tons of hazardous and over 200 million tons of household waste. In the European Union, 2.6 billion tons of waste was generated in 2018. Over 70% of it was generated by 10 countries: Germany, France, England, Poland, Romania, Italy, Sweden, the Netherlands, Spain and Finland. By economic activity, the largest amounts of waste in Ukraine are generated by the mineral extraction and processing industry, the smallest – from water treatment and construction. In the EU countries, these values are somewhat different. For example, in Germany and France, the largest amounts of waste are generated from construction and manufacturing, the smallest – from agriculture, forestry and fishery. By waste category, the waste generated both in the EU countries and in Ukraine is mineral and solid waste. In Ukraine, the largest amounts of waste are produced and accumulated in the Dnipropetrovsk, Donetsk and Zaporizhzhia regions which accommodate large enterprises for extraction and mineral processing of iron and manganese ores, titanium-zirconium placers, coal, dolomite, and metallurgical limestone, as well as metallurgical and ferroalloy plants.

scholarly journals Аnalysis and control of accounts payable at small business

2021 ◽  
Vol 14 (3) ◽  
pp. 143-152
Author(s):  
M. N. Smagina ◽  
M. V. Kryukova ◽  
V. A. Komarova
Keyword(s):  
Small Businesses ◽  
Financial Indicators ◽  
Economic Activities ◽  
Accounts Receivable ◽  
Financial Difficulties ◽  
Accounts Payable ◽  
Main Indicator ◽  
Analytical Research ◽  
And Control ◽  
Real State

Large companies can afford to maintain a staff of financial analysts who study financial indicators using the most modern estimation and predictive methods. Small businesses usually experience financial difficulties and do not have such opportunities. For him, in connection with the above, there is an urgent need to develop reasonable and fairly simple methods for evaluating the results of managerial and economic activities. Analytical research of the existing accounts payable and its ratio to the accounts receivable allows us to assess the real state of finances. The study of the company’s obligations, and primarily accounts payable, is of particular importance for the purpose of management. The optimal one is not the complete absence of debts from a market entity, but the presence of an optimal amount of accounts payable. The main indicator is the timeliness of its repayment. In this case, borrowed funds contribute to the development of production. Overdue accounts payable generates illiquidity, the insolvency of a market entity.

scholarly journals On the Environmental and Economic Problems of Russian Mineral Extracting Clusters

2018 ◽  
Vol 41 ◽  
pp. 02008 ◽  
Author(s):  
Vera Prusova ◽  
Vera Beznovskaya ◽  
Irina Politkovskaya
Keyword(s):  
Raw Materials ◽  
State Regulation ◽  
Innovative Development ◽  
Deep Processing ◽  
Mining Sector ◽  
Extractive Industry ◽  
Economic Problems ◽  
New Approaches ◽  
Labor Resources ◽  
Mining Regions

The specialists in subsoil resources refer the mining sector to primary industries and consider it the basis of the extractive industry. Its structure includes the branches engaged in extraction, processing and enrichment of ore, nonmetallic and fuel minerals. The authors analyze the current problems of mining regions in Russia, substantiate the need for new approaches to the processes of resource-and-industrial and innovative development. They identify mechanisms for increasing the efficiency of labor resources use, conclude that the state regulation of the country's mineral and raw materials complex is aimed at increasing the share of deep processing in export and reduction of import dependence.

Sign in / Sign up

Export Citation Format

Share Document