scholarly journals ANALYSIS OF THE PROCESSES OF INVESTING FIXED CAPITAL AS A DRIVING FORCE OF THE DEVELOPMENT OF THE RUSSIAN INDUSTRY

2021 ◽  
Vol 3 (26) ◽  
pp. 42-49
Author(s):  
E.D. Schetinina ◽  
◽  
M.S. Starikova ◽  
S.N. Ignatov ◽  
◽  
...  

The article analyzes the factors that impede the development of the processes of investment of fixed capital in the Russian industry. It is substantiated that the forces restraining the modernization, renewal of fixed assets and the introduction of high technologies are mainly concentrated in the external environment of the industrial company. Based on the calculation of the coefficients of variation, the Herfindahl-Hirschman index, and growth indices, the article analyzes the influence of the policy of sanctions pressure, the level of diversification and regional differentiation of the Russian economy on the processes of investment of fixed capital. A noticeable negative impact of the sanctions pressure on the Russian economy was noted. It was expressed in a decrease in the growth rate of investment in fixed assets. The positive impact of reciprocal protectionism was expressed in an increase in the diversification of the Russian economy and a decrease in regional differentiation in terms of investments in fixed assets.


2018 ◽  
Vol 21 (2) ◽  
pp. 37-48
Author(s):  
Pinkovetskaia Iuliia ◽  
Ginzburg Maria

Abstract The purpose of this study was to examine if it makes sense to further stimulate the development of small and medium-sized businesses in Russia by the State. For this purpose, the authors formulated the following hypotheses: production functions can be used to explore opportunities to promote SMEs in Russia (hypothesis 1). However, if the values of degrees of factors are positive, it can be argued that SMEs development can be achieved by State measures to facilitate an increase in labour costs and investment in fixed assets of SMEs (hypothesis 2). To check formulated hypotheses we have developed production functions, which reflect dependences between SMEs turnover from investments in fixed assets and employees wage. Regression analysis was used to determine the parameters of production functions. While conducting calculations, we used the data of total observation of SMEs activities, provided by the Federal Statistical Service in 83 regions of the Russian Federation for the year 2015. Taking into consideration an important role of SMEs in Russian economy, the results of this research might help government bodies in resource distribution for particular regions and sectors of economy in these regions. From methodological point of view this research shows, that production functions might be used in Development Strategy of SMEs for the period of up to 2030, which establishes double production growth in SMEs.



2021 ◽  
Vol 3 (4) ◽  
pp. 159-164
Author(s):  
N. V. VOROBYEVA ◽  
◽  
S. S. SERIKOV ◽  
E. G. PUPYNINA ◽  
◽  
...  

The article analyzes the state and development of small business in the federal districts of the Russian Federation: dynamics and structure of the number of enterprises, the average number of employees, product turnover. The role of small enterprises in the Russian economy has been established. The data on the sectoral structure of this form of entrepreneurship and the distribution of small enterprises according to the assessment of investment in fixed assets are given. The problems that hinder the development of small business have been identified.



Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy

The econometric models constructed in the work allowed us to establish the main production factors that streamline the productivity level — per capita GRP in modern Russia. The most significant positive impact on productivity is exerted by capital, which estimated by the labor funds. The level of education of the employed population has a significant positive impact on productivity. In most regions of the country, new technologies, embodied in new fixed assets, have a positive impact on productivity. In most regions of the country, the number of officials has a significant negative impact on productivity.



Author(s):  
Jacek Uchman

There are numerous factors that can influence the level of investment in fixed assets of enterprises. The tax incentives can also influence the level of investment in fixed capital. They have their advantages and disadvantages. Some of the corporate tax incentives are described in this paper. Theoretical analysis of neutrality is an essential tool applied to this research. Lack of neutrality proves that tax system awards some company activities and, therefore, it states the level of their income.



2020 ◽  
pp. 44-53
Author(s):  
I.N. Karelin ◽  
◽  
A.V. Koritsky ◽  

This paper explores the relationship between the accumulation of human capital in the regions of Russia and the volume of foreign direct investment, as well as the volume of domestic investment in fixed capital. This topic is little studied in Russian economic literature, although it is actively discussed by modern economists in other countries. The hypothesis about the existence of a positive relationship between the accumulation of physical and human capital in the Russian economy is tested. The apparatus of production functions, correlation and regression analysis are used to statistically check the degree of influence of human capital on the intensity of investments, both domestic and foreign. To measure human capital, both natural and monetary measures were used. The presence of a positive, stable and statistically significant relationship between the human capital accumulated in the regions and the intensity of investment processes is shown. A negative relationship between the density of employment and the volume of investment in fixed assets of the Russian regions was also revealed.



Author(s):  
Slobodan Lakić ◽  
Jasmina Ćetković ◽  
Bojan Pejović ◽  
Miloš Žarković ◽  
Miloš Knežević

Economic growth is a key point of macroeconomic policy and is the subject of constant attention and debate by professional public and policy makers. Theoretical and empirical research indicates differences in the level and direction of determinants’ influence on the growth rate. The main goal of our article is to construct a model of economic growth determinants in South-East European countries. We used an unbalanced panel of 12 selected SEE countries over the period 2006–2019. Our empirical findings have shown that the most robust results can be obtained using a two-step generalized method of moments (GMM) model with dummy variable. In our dynamic model, we found that trade openness and gross fixed capital formation have a positive impact on economic growth, while government expenditures negatively determine economic growth. Gross fixed capital formation has the greatest positive impact on economic growth, while government expenditure has the greatest negative impact.



Author(s):  
Мария Цвиль ◽  
Mariya Tsvil ◽  
Вера Ильютченко ◽  
Vera Ilyutchenko ◽  
Дарья Помаскова ◽  
...  

The article discusses the degree of influence of various factors on investment in fixed assets of the Rostov region during the period from 2010 to 2017 by means of the econometric models.Based on the received model, the forecast has been made.



2018 ◽  
pp. 82-95 ◽  
Author(s):  
V. I. Mayevsky ◽  
S. Yu. Malkov ◽  
A. A. Rubinstein

The Shifting Mode of Reproduction (SMR) model is used as a tool for analyzing some of the dynamic processes inherent in the USA in 1947—2010, the USSR in 1961—1990, and modern Russia in 1992—2016. In particular, the model has not only recorded a well-known fact of increasing inefficiency of fixed assets in the USSR, but also helped establish the main causes of this phenomenon. The model has been confirmed both by the fact of surplus savings growth at the hands of the population in the last years of the existence of the USSR, and the fact of the collapse of these savings in Russia in 1992—1994. Finally, using the SMR-model it is shown that despite serious difficulties in 2009—2015 the process of increasing the share of young fixed capital in the Russian economy has been identified, which indicates the beginning of qualitative changes in its structure.



2020 ◽  
pp. 24-40
Author(s):  
S.V. Kazantsev

The article presents the results of an analysis of the impact of the financial and economic sanctions imposed on Russia by the United States, the EU and a group of countries that joined them in March 2014, which, as we know, were constantly extended and supplemented with further restrictive and prohibitive measures. Auto solved two specific research tasks. This is, first, the definition of channels for sanctions to influence the dynamics of Russia’s economic development. Second, the assessment of the time and strength of the negative impact of sanctions on the values of such macroeconomic indicators as: foreign direct investment and investment (FDI) in fixed assets; fixed assets and their commissioning, gross domestic product (GDP) and industrial production; consumer price indices, real monetary income of the population and final consumption. The use of economic and statistical tools made it possible to determine the years of the most severe impact of anti-Russian sanctions on the listed macroeconomic indicators, which in a certain part are also officially approved indicators of the state of economic security of the country. The similarity of channels and results of sanctions, on the one hand, and global financial and economic crises, on the other hand, is also established.



2018 ◽  
Vol 6 ◽  
pp. 381-386
Author(s):  
Iuliia Pinkovetskaia ◽  
Olga Kiseleva

The paper aim is an assessment of the investments into the fixed capital of small and medium enterprises (SMEs) and the influence on them by factors such as size categories and territorial placement. The object of the study is the consideration of all (SMEs) that are located in each of the regions of Russia. The used data is from the official statistical observation of investment data of all Russian SMEs for 2015 in 82 regions. The comparative analysis of investments in the fixed capital of SMEs is based on relative indicators: investments which are calculated per one enterprise and per employee. Modeling was based on the functions of a normal distribution. We defined the values investments in SMEs which located in all Russian regions and related to three size categories and six types of activity; revealed regularities of distribution of investments calculated per enterprise and per worker; identified the regions with low investments in SMEs. New knowledge of the investment in the fixed capital in the Russian SMEs was achieved. The results of the study, namely new knowledge and tools for assessing production activities of small and medium enterprises in the regions, are of scientific and practical importance. The methodical approach can be used in the future studies and in the education potential entrepreneurs and students. The research results can be used by government and regional authorities to monitor the efficiency of investment in fixed assets, as well as the implementation of a Federal strategy for SMEs development for the period up to 2030.



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