Industrial markets of the Ural region: Economic growth under “new normal”

Regional markets demonstrate a significant slowdown in economic growth and the Ural region is not an exception. The article examines the specificity of the Ural industrial markets. The methodological basis of the research is neoclassical economic theory looking at the dependence of output on the pro...

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Autores principales:	Barkhatov V.I., Benz D.S.
Formato:	article
Lenguaje:	RU
Publicado:	Ural State University of Economics 2019
Materias:	industrial market economic growth the Ural region “new normal” deindustrialization Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/be3110515fc64178895ffd588a184faf
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spelling	oai:doaj.org-article:be3110515fc64178895ffd588a184faf2021-12-02T09:49:31ZIndustrial markets of the Ural region: Economic growth under “new normal”10.29141/2218-5003-2019-10-3-82218-5003https://doaj.org/article/be3110515fc64178895ffd588a184faf2019-07-01T00:00:00Zhttp://upravlenets.usue.ru/images/79/8.pdfhttps://doaj.org/toc/2218-5003Regional markets demonstrate a significant slowdown in economic growth and the Ural region is not an exception. The article examines the specificity of the Ural industrial markets. The methodological basis of the research is neoclassical economic theory looking at the dependence of output on the production factors applied in the context of the production function. The authors perform a quantitative research using the econometric tools and construct several regression models. We use the sales growth rate of the regional industrial market as a resulting indicator. Regressors (factors) are growth rates of salary; investments into fixed capital; own and raised funds allocated for investments into fixed capital; short-term and long-term financial investments. The authors describe the trends in the Ural industries. The results show that there is a correlation between growth rates of the industrial markets and growth rates of salary and own funds allocated for investments into fixed capital. The paper concludes about the necessity for the region to move to a new technological level. At the same time, it is also important to develop traditional industries. The region’s potential is high and, therefore, the synergy in the triad “industry–education–science” can stimulate its growth. In addition, at the moment there is an urgent need for cultivating conditions, especially institutional ones, to form a solid layer of medium-sized business in the Ural region. Barkhatov V.I.Benz D.S.Ural State University of Economicsarticleindustrial marketeconomic growththe Ural region“new normal”deindustrializationBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 10, Iss 3, Pp 83-93 (2019)
institution	DOAJ
collection	DOAJ
language	RU
topic	industrial market economic growth the Ural region “new normal” deindustrialization Business HF5001-6182 Finance HG1-9999
spellingShingle	industrial market economic growth the Ural region “new normal” deindustrialization Business HF5001-6182 Finance HG1-9999 Barkhatov V.I. Benz D.S. Industrial markets of the Ural region: Economic growth under “new normal”
description	Regional markets demonstrate a significant slowdown in economic growth and the Ural region is not an exception. The article examines the specificity of the Ural industrial markets. The methodological basis of the research is neoclassical economic theory looking at the dependence of output on the production factors applied in the context of the production function. The authors perform a quantitative research using the econometric tools and construct several regression models. We use the sales growth rate of the regional industrial market as a resulting indicator. Regressors (factors) are growth rates of salary; investments into fixed capital; own and raised funds allocated for investments into fixed capital; short-term and long-term financial investments. The authors describe the trends in the Ural industries. The results show that there is a correlation between growth rates of the industrial markets and growth rates of salary and own funds allocated for investments into fixed capital. The paper concludes about the necessity for the region to move to a new technological level. At the same time, it is also important to develop traditional industries. The region’s potential is high and, therefore, the synergy in the triad “industry–education–science” can stimulate its growth. In addition, at the moment there is an urgent need for cultivating conditions, especially institutional ones, to form a solid layer of medium-sized business in the Ural region.
format	article
author	Barkhatov V.I. Benz D.S.
author_facet	Barkhatov V.I. Benz D.S.
author_sort	Barkhatov V.I.
title	Industrial markets of the Ural region: Economic growth under “new normal”
title_short	Industrial markets of the Ural region: Economic growth under “new normal”
title_full	Industrial markets of the Ural region: Economic growth under “new normal”
title_fullStr	Industrial markets of the Ural region: Economic growth under “new normal”
title_full_unstemmed	Industrial markets of the Ural region: Economic growth under “new normal”
title_sort	industrial markets of the ural region: economic growth under “new normal”
publisher	Ural State University of Economics
publishDate	2019
url	https://doaj.org/article/be3110515fc64178895ffd588a184faf
work_keys_str_mv	AT barkhatovvi industrialmarketsoftheuralregioneconomicgrowthundernewnormal AT benzds industrialmarketsoftheuralregioneconomicgrowthundernewnormal
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Industrial markets of the Ural region: Economic growth under “new normal”

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