Development Of Domestic Market Research Articles

Перспективы развития рынка мяса и мясной продукции России в условиях новых вызовов

Abstract. Topicality of adjusting the targets of agri-food policy and food security policy in Russia is determined by changes in both external and internal conditions for agri-food complex functioning. Macroeconomic forecasts create the basis for revising and adapting the directions of development of the main sectors of the agri-food complex. The purpose of this study is to develop alternative forecasts for the production and consumption of main types of meat and meat products in Russia to substantiate strategies for domestic market development. Methods. General scientific methods of cognition were used, such as dialectics, analysis and synthesis, and monographic methods. Forecast calculations were carried out using economic and mathematical methods. The scientific novelty of the study is as follows: the development of a methodological approach to substantiate the prospects for the development of meat and meat products production considering the balance of the meat products market and the consistency of conflicting targets in the field of import substitution, physical and economic accessibility of food for the country's population. The methodological recommendations developed during the study can serve as the scientific basis for midterm development programs of individual segments of the Russian food market. Results. It was revealed that in the short term, new challenges related to economic sanctions and COVID-19 had minor impact on the meat and meat products market. Limiting barriers to development are systemic economic problems: demographic situation and low real income. Alternative forecasts for development of markets for the main types of meat were developed.

Regular domestic air passenger market dynamics: The Brazilian case

Brazil occupies a prominent position as one of the largest domestic air passenger markets globally. In May 2019, OAG Aviation Worldwide Limited (OAG), a renowned global travel data provider, ranked Brazil as the world’s 6th largest domestic market. This study identifies and meticulously analyses statistical trends in how service levels affect passenger demand on domestic air routes in Brazil. To that end, it employs a panel-data gravity model incorporating service as an instrumental variable. The findings confirm the influence of traditional gravity explanatory variables, while also contributing novel insights into the impact of service levels on domestic routes. The analysis reveals that, while factors such as income and distance play a fundamental role in shaping domestic demand, level of service emerges as a crucial determinant on regional connections. Overall, the statistics suggest growing divergences between Brazilian airlines and regional air transport. Accordingly, substantial changes are necessary in both government policies and the services offered by the airline industry in order to harness the full potential of Brazil’s domestic air transport passenger market and foster regional development.

Studying the sales market for products of the timber industry complex of the region under external sanctions pressure

Subject. The article addresses conditions and factors of the domestic sales market development of the timber industry in the region. Objectives. The aim is to assess the capacity of the domestic market for timber industry products in the target segment of wooden housing construction. Methods. The study employs statistical data on results of the forestry complex development of the Khabarovsk Krai, interviews with specialists from the Ministry of Forestry and Timber Processing, the Ministry of Construction of the Khabarovsk Krai, heads of forestry enterprises. Results. We revealed trends in the structure of production and exports of enterprises operating in the Khabarovsk Krai timber industry, the dynamics of production and consumption of forest products in the domestic market of the region. As a result of unfavorable conditions in the main (foreign) sales market, the activities of the timber industry complex enterprises became unprofitable. Implementation of government programs and flagship projects opens up opportunities to develop domestic demand. The capacity of the region’s wooden housing construction market is calculated based on three scenarios. Conclusions. Sustainable development of the timber industry complex of the region is possible, if government programs and flagship projects are implemented, aimed at the growth of the domestic market of wooden house construction.

Organic agriculture: Problems and prospects of development

The global market of organic agriculture products shows a steady growth over the past 20 years. In the course of the analysis it was found that Russia, with a resource base, sustainable rural development, the presence of a system of legal and government regulation, has great potential and prospects to become one of the prominent players in this market. The authors have conducted a statistical analysis of market growth prospects based on the growth period from 2012 to 2022, using correlation analysis with peak smoothing using the Deductor software product. It is revealed that, all other things being equal, without external changes (increase in investment, number of manufacturers, etc.) the market has outlined a downward trend. This is due to a rather small number of certified manufacturers. With such a small number of certified producers, the market cannot show sustainable growth and enter the international economic arena. In addition, investment injections are needed, not only from private investors, but also from the state, as well as the application of various measures to stimulate market growth. The main difficulties, peculiarities and trends in the development of the Russian organics market to achieve a sustainable domestic market and export development are presented. On the basis of the study formulated measures of state support necessary for the development of organic agriculture production in Russia.

Tools for the formation of a “favorable environment” for organic production as a prerequisite for the sustainable development of agriculture in Ukraine

The significance of protection of environmental components (soil, water, air, biodiversity, landscape) in global aspect directs the development towards sustainable agriculture, and organic production in particular. Organic production as a way of achieving sustainable growth is determined in the three main aspects of sustainable development: economic, social and ecologic sustainability. The conducted in the article analysis of statistical data on the development of domestic market of organic agricultural products shows that organic production in Ukraine is developing at a fast pace and stays one of the priorities for the further development of agro-industrial complex. At the same time, difficult current conditions of functioning of domestic organic enterprises can influence negatively the further development of this sphere, that will result in decrease of organic products export and will have negative impact on food security of other countries. Considering the mentioned, the purpose of the article is the substantiation of tools and measures which will ensure the formation of favorable environment for conducting organic production in the war and post-war periods. With the aim of systematization of the tools for the formation of “favorable environment” for the development of organic agricultural production their study is conducted with further grouping into regulatory and legal, political, stimulating and compensatory, fiscal and restrictive, financial and investment, infrastructural, informational, social and cultural, marketing, and digital. In the course of further research, within each group of tools a specific list of measures that must be implemented to simulate the development of organic agriculture and the circle of subjects responsible for their implementation were determined. It was proven that the formation and implementation of the defined tools and measures should take place at the international, national, regional, and local levels. The content characteristics of each group of tools, which are highlighted in the article, are important guidelines for the formation of effective state social and economic policy and international cooperation development in the conditions of aggravation of influence of global challenges and provide the certain opportunity for definition of ways of their improvement.

Leadership of Small and Medium Scale Enterprises (SMEs), Inflation and Economics Development in Nigeria (1981-2021)

One of the important components of economic development which contributes to the growth of the population employment level is the increase in the country’s export potential, development of domestic market of goods and services and small and medium – sized entrepreneurship. It plays special role in the filling of state budget in countries with low and medium level of economic development. The purpose of this paper is to model the relationship between the level of economic development of the country as an indicator of the functioning of small and medium- sized enterprises, assessment of the impact of inflation on the level of economic development. The information base of the research is the data of the World Bank, National Bureau of Statistics of Nigeria, and annual statistical bulletin of the Central Bank of Nigeria. The object of the study is indicators of the functioning of small and medium-sized enterprises and economic development in Nigeria, the period of study is 1981-2021. As dependent variables characterized by the development of a small and medium- sized enterprise, the volume of income per unit of capital was chosen and the GDP was chosen as an indicator of the country’s economic development. Factor variables are characterized by the relationship between the development of small and medium-sized enterprises and the economic development of Nigeria. These include gross capital formation, interest rate, exchange rate and inflation rate. The methodological tools for researching the relationship between the analyzed indicators are the method of estimating the autoregressive distributed lag, the extended Dickey Fuller test and Granger test. According to the results of econometric modeling, the negative impacts of the growth of the exchange rate and the level of inflation on the development of the Nigerian economy has been proven. Thus, a 1% increase in exchange rate would lead to a 0.01% decrease in GDP, while a 0.01% decrease in inflation would be accompanied by an increase in GDP of about 1%. At the same time, gross capital formation exerts a positive and statistically significant influence on the volume of GDP (an increase of 1% will lead to an increase of GDP by approximately 7%). Based on the results of the research, it was concluded that stimulating the growth of investment in small and medium- sized enterprises by simplifying access to credit resources, infrastructure development and capacity building is a prerequisite for long- term socio- economic development of Nigerians.

Local Currency Bond Markets in Africa: Resilience and Subordination

ABSTRACTThis article examines the development and implications of local currency bond markets (LCBMs) in African countries in the context of international financial subordination (IFS). Despite the promotion of LCBMs as a solution to debt vulnerability, there is a dearth of research that offers a systematic empirical examination of their actual benefits along with conceptual explanations as to when and why such benefits may or may not materialize. This is especially true for countries at the bottom of the global economic hierarchy. To explore how the subordination in global production and financial systems shapes LCBM development, the article offers an empirical analysis of selected African countries that combines interviews with policy makers, officials and experts with statistical data. The findings suggest that while LCBMs offer some benefits, such as mitigating risks associated with foreign currency debt, their potential is limited by the structural processes created by IFS, such as their dependence on the global financial cycle, the relatively higher costs of this debt and the sustained constraint on macroeconomic policy making. However, there are also domestic factors which shape how these structural constraints are mediated in the context of LCBM development — in particular, historically developed financial structures of developing countries, the political economy of the state and the structure of production. This study thus contributes to the debate about the developmental benefits of domestic debt market development and the emerging research agenda on IFS.

On the development of a territorially integrated system of public indicators of social gasification of Russian territories

Subject. The article is devoted to strengthening Russia's energy system. Objectives. The purpose is to systematize technical and economic indicators of gas supply and gas infrastructure expansion. Methods. The study draws on methods of systems, logical, structural, and statistical analysis. Results. We established that Russia has a significant potential for the domestic gas market development. The paper formulates proposals to systematize the used and newly introduced planning and reporting indicators of territories’ gasification level to create a State digital platform designed, among other things, to assess the situation in the energy sector of the Russian economy. Conclusions. The findings can be used by the authorities for development and monitoring of gasification programs implementation in Russian regions.

Economic Policy of the CIS Countries: Standard Import Substitution Instruments

The aim of this study is to analyze the most widely used import substitution instruments of CIS and identifying the most prospective directions for import substitution developing in the economy of post-Soviet states. Due to implementation of a multi-stage comprehensive research project based on a quantitative approach, the aim of this study was achieved. The present study showed that three main import substitution instruments for CIS are import duties, non-tariff methods of foreign trade regulating and domestic policy instruments to support national producers. In addition, based on the correlation and regression analysis of the time series model, strong correlations between import by export coverage ratio and the productive capacity index of structural changes were found for almost all the countries studied. This indicates the reverse effect of protectionist import substitution mechanisms on a domestic market development. The reasons for the choice of management mechanisms by the public administration of most CIS countries, which lead to a purposely negative result, could not be studied within this work. Additionally, the results may be useful in practical work of anti-corruption organizations for the suppression and prevention of the corrupt state-criminal networks in the field of import substitution.

Analysis of the Ownership Dispute between Vanke and Baoneng Acquisition and Anti-acquisition

The planned acquisition of Vanke by Baoneng Group, which started in 2015, is the most typical acquisition and reverse takeover case of listed companies in the contemporary Chinese capital market. In view of the market supervision loophole in Baoneng Group's insurance capital listing, as well as the respective problems of the acquirer and the acquirer, this paper will carry out research to analyze and evaluate the case in detail. To be specific, the reasons for Baoneng's intended acquisition, the strategies adopted for the cases as well as the countermeasures of Vanke will be analyzed. Besides, the capital source and mode characteristics of Baoneng system will be explored, whose volume is significantly different from Vanke's, so as to draw inspiration from this case. According to the analysis, the hidden danger of Baoneng is that the investment is too aggressive, and the financing means are too risky. Moreover, Vanke's problems are a fragmented shareholding structure and loopholes in its articles of association. These results shed light on guiding further exploration of corporate governance structure and future domestic capital market development.

Study on the Impact of Stock Market Performance on REITs Market in China

China's real estate trust business started in 2002, and has experienced four stages: germination, stagnation, pilot operation and practical development. In the financial market, the stock market will directly reflect the macroeconomic factors represented by monetary policy, external financial market, interest rate and exchange rate, and have an impact on REITs through the secondary market. With the development of China's domestic REITs market, to evaluate the risk impact of the REITs market more accurately and form a stable risk early warning and prevention mechanism is quite important. This paper expounds the basic connotation and main characteristics of real estate investment trust, through the TVP-VAR model, analysis of the mainland REITs influenced by the stock market, it is concluded that the domestic stock market responds directly to the domestic and international monetary policy, and through the stock market to REITs market, and the effect time is mainly short-term, but the impact effect is more obvious.

强大国内市场发展水平的测度与区域异质性分析——以我国31个省市为例

强大国内市场发展水平的测度与区域异质性分析——以我国31个省市为例

Social security and cohesion: modern approaches regarding their interaction

Introduction. The article analyzes social security components and its interaction with social cohesion. Approaches to understanding social security and its elements are considered. Key approaches to understanding social cohesion and its components are presented. The main indicators of social security and social cohesion and their impact on society's current social development are investigated. Directions for further development of their effective interaction with the aim of forming high-quality social capital are identified. Aim. The aim of the article is to study key features of the formation of social security and cohesion, taking into account current trends in society. Method (methodology). The methodological foundation of the study is based on scientific works on the current state and peculiarities of the formation of social security and cohesion. Dialectical, systemic, and synergistic approaches were used at all stages of the study along with the methods of general scientific cognition: comparison, analysis and synthesis, induction and deduction. Results. Globalization processes and current crises in the world, pandemic challenges and war in our country, the socio-economic problem of increased export orientation, dependence on energy imports and shortcomings in domestic market development significantly raise the issue of social security at all levels. The decline in the standard of living and quality of life, imperfect reforms in Ukraine's economy, social deformations and property inequalities that lead to aggravation of social confrontations in society require analysis and assessment of the level of social security in order to improve the population's welfare. In modern conditions, there are different approaches to defining social security and social cohesion. Moreover, the criteria and indicators of social security in the European Union have been considered and improved for quite some time. One of the possible indicators of the effectiveness of social security can be the Social Progress Index, which is an integral indicator and is determined by a number of parameters and criteria. The goal of further research is to structure the components of social security and clearly define the role of social cohesion in it.

Предпосылки становления системы подготовки специалистов технического профиля в Поволжье

The article deals with background causes for the establishment of a system for training technical specialists in the Volga Region which generally determined the vector and specifics of its further development including at the present stage. Currently the complex geopolitical situation in the Russian Federation, as well as a special military operation in Ukraine requires the mobilization of all resources to maintain the domestic market and industry development at a high level. In this connection it seems possible to refer to the rich experience of the development of the technical education system which has more than once helped to maintain the sustainable development of our country in difficult conditions. In our opinion the background causes for the establishment of a system for training technical specialists in the Volga Region are socio-political (the Civil War, the USSR formation, international isolation and confrontation with Western countries, the educational institutions’ evacuation during the Great Patriotic War in the rear and etc.), social and economic (the implementation of domestic industrialization policy in the USSR, the need to restore the economy in the period of the Great Patriotic War, the industrial enterprises’ appearance), pedagogical (appearance of the first educational institutions in the second half of the 19th century, the need to train specialists locally) and ideological (belief in the possibility of building socialism, universal equality and accessibility of goods, including education, for all, hostility of capitalist countries towards the USSR, premature heating of ideological conflict in the world). The choice of the territorial framework is determined by the fact that the Volga Region is one of the central regions of Russia and the peculiarities of the technical training system’s development are also typical for other regions of our country. The cycle extends from the second half of the 19th century when the first technical educational institutions were established in the region’s cities to the early 1960s when the system for training of technical specialists in the Volga region was finally formed.

The Mediation Effect of Country Risk in the Nexus Between Stock Market Development and Economic Growth: Evidence From Developing Countries

The aim of this paper was to investigate the mediation effects of a country’s (a) political risk (PR), (b) economic risk (ER), and (c) financial risk (FR) in the relationship between domestic stock market development (SMD) and economic growth (EG) in developing countries. SMD was measured: (a) once by total value of domestically-traded stock as a percentage of GDP (TVDTS/GDP), (b) once by stock market turnover ratio (SMTR), and (c) once by stock market capitalization as a percentage of GDP (SMC/GDP). EG was measured in terms of annual growth of real GDP (GDPG). PR, ER and FR were measured using the World Bank’s International Country Risk Guide’s political, economic and financial risk scales, respectively. Structural equation modeling was used to analyze panel data from 23 developing economies for the years 2007-2017. Our results revealed a significant positive indirect effect of TVDTS/GDP on GDPG through PR and FR, and a significant positive indirect effect of SMTR on GDPG through PR.

MODELING THE PROCESSES OF DEVELOPMENT OF THE DOMESTIC MARKET OF TOURIST SERVICES AND HOSPITALITY

The study is devoted to the issue of modeling the processes of development of domestic market of tourist services and hospitality. Accordingly, the purpose of the study is to model the development of domestic market for tourism services and hospitality. During the study, the authors concluded that under current conditions of competitiveness of tourist regions of Ukraine on a global scale is directly related to the mechanism of cluster management of tourism development, including domestic. The authors established that the subjects of cluster policy are legislative and executive bodies of state and/or local authorities, which in the process of its implementation interact with each other and with business associations, manufacturing enterprises, educational, scientific and financial institutions, transport and logistics companies, service organizations, etc. Methodology. The theoretical basis of the study were the fundamental principles of economics, approaches to the general and special methods of scientific knowledge, scientific achievements of domestic and foreign scientists on modeling the development of tourism and hospitality. When modeling the processes of development of domestic market of tourist services and hospitality, methods of analysis of economic dynamics, structural and functional analysis, scientific abstraction, as well as the graphical method, econometric methods of linear regression and other methods of economic and mathematical modeling were used. The results and value of the research are to develop an author's model of development of the domestic market of tourism and hospitality of Ukraine, the essence of which is to use a cluster approach. In the mechanism of cluster management of the domestic tourism market it is important to determine the means and methods of targeted state influence, including levers of influence of local authorities, in order to effectively develop the cluster system of tourist destinations in Ukraine. The proposed mechanism is the basis for the implementation of cluster policy as a system of relations between the state and economic entities to improve the competitiveness of the national tourist product through the formation and development of tourism and hospitality clusters. The authors have improved the scientific and practical approach to clustering, which is based on the construction of a cluster model of the domestic market of tourist services of Ukraine, which provides an effective state policy of development of individual tourist clusters and the domestic market of tourist services as a whole.

Reluctant state capitalism: Antipathy, accommodation and hybridity in Irish telecommunications

The state capitalism literature emphasizes the new roles played by states in global politics and domestic economies through heightened intervention and ownership of key resources and sectors. In Ireland, we instead find a reluctant state capitalism evinced by antipathy towards state ownership, the accommodation of private sector failures and embrace of hybrid governance. Rather than something new and unprecedented, the Irish state has been a long-standing feature of domestic market development and an important institution supporting private enterprise today as in the past. Urging a more academically robust conceptualization of state capitalism, this paper relinquishes innate assumptions of obvious boundaries dividing liberalized capitalism from state capitalism in favour of engaging the domestic state and sectoral developments on their own terms and within their proper historical context. We find reluctant state capitalism in Ireland's telecommunications sector through a continuum of state–market involvement in four phases: commercial, devolving, evolving and partnership state capitalism. By identifying temporal phases of state capitalism, we move beyond the here-and-now of more contemporary ‘new’ state capitalism analyses that suggest rupture with an idealized, liberalized past.

ПОКАЗАТЕЛИ, ВЛИЯЮЩИЕ НА ФОНДОВЫЙ РЫНОК В РОССИИ, И РЕГУЛИРОВАНИЕ ЕГО РАЗВИТИЯ

The need to establish factors and indicators immediately affecting the Russian stock market is caused by the fact that the stock market has a significant impact on the economic development of the state. The paper focuses on the factors and indicators that can affect the domestic stock market development. The author used correlation and regression analysis to assess the impact on the stock market development in Russia of such indicators as the number of credit institutions, the number of citizens who opened brokerage accounts at the Moscow Stock Exchange, the number of financial pyramids. To exclude speculative transactions, usually involving shares and negatively affecting the development of the securities market, the volume of debt securities issuance was chosen as an indicator characterizing the stock market development. It is proved that the most significant indicator affecting the activity of issuers in Russia when issuing debt securities is the investment activity of citizens at the Moscow Stock Exchange (the number of brokerage accounts opened annually). The author gives recommendations on the securities market development and regulation in Russia, including the need to expand tax benefits (in addition to the benefits extended to individual investment accounts) for transactions of individuals with securities at the organized stock exchanges; it is recommended to continue the systematic work of authorities and other institutions to improve the financial literacy of the population. The concept of a financial supermarket has been developed based on the use of financial engineering and technological and informational infrastructure of the Gosuslugi.ru website. According to it, investors determine the parameters for issuing securities, while issuers retain the right to choose from the proposed options.

Специфика развития российской фармацевтической отрасли

The paper considers the specifics of innovation activity and scientific and technological development in R&D intensive pharmaceutical industry. A generalized comparison of Russian and foreign pharmaceutical industry during the current COVID-19 pandemic is carried out. The dynamics of the domestic pharmaceutical market development is analyzed; the trends and persisting problems are studied. The potential of growth of domestic pharmaceutical industry with adequate interaction of state and business in entering the world markets was shown. It is pointed out that both abroad and in Russia during the pandemic the industry became one of the few where research costs had increased significantly. The paper shows that support policy for pharmaceutical industry in Russia over the next 10 years will be emphasized on the creation of own innovative drugs (including biotech types), and generics for the domestic market. The new ways of production and digitalization of the pharmaceutical industry remain outside the current support measures.

Trends in development of Russian Far East’s fishing industry in context of strategic regional growth

This article is devoted to topical issues of the fishing industry development in the Russian Far East. Far East is the largest and the most abundant with fish resources region of Russia, and also it is the largest territorial administrative unit. The main scientific and practical task the research can help to solve is implementation of strategic prospects and scientific support of the industry development government programs. The aim of the research is to update the trends and identify the main problems of the fishing industry development in the Far East of Russia over the past decade. Methodologically the research is based on the concept of regional economy sustainable development. The article analyzes such indicators of the industry development as: number of enterprises in the industry, number of employees at the industry enterprises, volume of fish products production and processing, level of domestic prices for fish products, fish products consumption volume, fish products export value, volume of investments in fixed assets of industry enterprises. The key trends are identified and the most important problems of the regional fishing industry development are noted. Among such problems: the industry’s dependence on the world market situation, insufficient development of domestic market, excessive growth in prices for fish products in the domestic market, low degree of fish products processing, dependence of fish products export on Asian countries’ consumers.