ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER

The article analyzed the dynamic of unfinished construction in 1991–2017, whose volume exceeds the annual capital investment directed to construction. It was found out that 2000–2010 were the most effective years, when the number of unfinished projects halved. When unfinished construction grows, big...

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Autor principal:	Oleg E. Pankratov
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2019
Materias:	construction capital investment long-term construction factors of unfinished construction increase ways of unfinished construction reduction and its involvement in economic turnover Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/dd08b4e352c743569d58ed4dbc627133
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spelling	oai:doaj.org-article:dd08b4e352c743569d58ed4dbc6271332021-11-15T05:20:48ZABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER2413-28292587-925110.21686/2413-2829-2019-3-121-128https://doaj.org/article/dd08b4e352c743569d58ed4dbc6271332019-06-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/714https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article analyzed the dynamic of unfinished construction in 1991–2017, whose volume exceeds the annual capital investment directed to construction. It was found out that 2000–2010 were the most effective years, when the number of unfinished projects halved. When unfinished construction grows, big capital investment is withdrawn from economic turnover and the cost of these projects’ finishing goes up. The authors analyzed the reasons for such excessive amounts of unfinished construction (including long-term one) and put forward ideas of their involvement in economic turnover. Two key lines in their realization are proposed: firstly, construction completion or sale of unfinished projects and secondly, prevention of new long-term construction, including projects in housing construction .In respect of the first variant the authors suggest the development of a target program aimed at privatization of projects of unfinished construction (with concrete information about regions), as well as their completion and sale, which will provide an opportunity to get funds necessary to complete other projects or build new ones. To develop such an all-Russian program it is necessary to carry out an overall stock-taking of each project in line with a specific passport characteristic provided in the article and to make an economically grounded decision for each project. As for the second line, a number of possibilities were considered aimed at cutting the number of unfinished projects and prevention of new projects emergence. Special attention is paid to increasing investment activity in the industry, which is based on involvement of unused projects or areas of state and municipal property in economic turnover. It refers mainly to transparency of leasing vacant projects or areas according to fixed contracts and prices.Oleg E. PankratovPlekhanov Russian University of Economicsarticleconstructioncapital investmentlong-term constructionfactors of unfinished construction increaseways of unfinished construction reduction and its involvement in economic turnoverEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 121-128 (2019)
institution	DOAJ
collection	DOAJ
language	RU
topic	construction capital investment long-term construction factors of unfinished construction increase ways of unfinished construction reduction and its involvement in economic turnover Economics as a science HB71-74
spellingShingle	construction capital investment long-term construction factors of unfinished construction increase ways of unfinished construction reduction and its involvement in economic turnover Economics as a science HB71-74 Oleg E. Pankratov ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER
description	The article analyzed the dynamic of unfinished construction in 1991–2017, whose volume exceeds the annual capital investment directed to construction. It was found out that 2000–2010 were the most effective years, when the number of unfinished projects halved. When unfinished construction grows, big capital investment is withdrawn from economic turnover and the cost of these projects’ finishing goes up. The authors analyzed the reasons for such excessive amounts of unfinished construction (including long-term one) and put forward ideas of their involvement in economic turnover. Two key lines in their realization are proposed: firstly, construction completion or sale of unfinished projects and secondly, prevention of new long-term construction, including projects in housing construction .In respect of the first variant the authors suggest the development of a target program aimed at privatization of projects of unfinished construction (with concrete information about regions), as well as their completion and sale, which will provide an opportunity to get funds necessary to complete other projects or build new ones. To develop such an all-Russian program it is necessary to carry out an overall stock-taking of each project in line with a specific passport characteristic provided in the article and to make an economically grounded decision for each project. As for the second line, a number of possibilities were considered aimed at cutting the number of unfinished projects and prevention of new projects emergence. Special attention is paid to increasing investment activity in the industry, which is based on involvement of unused projects or areas of state and municipal property in economic turnover. It refers mainly to transparency of leasing vacant projects or areas according to fixed contracts and prices.
format	article
author	Oleg E. Pankratov
author_facet	Oleg E. Pankratov
author_sort	Oleg E. Pankratov
title	ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER
title_short	ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER
title_full	ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER
title_fullStr	ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER
title_full_unstemmed	ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER
title_sort	about the situation with unfinished consrtuction and its involvement in economic turnover
publisher	Plekhanov Russian University of Economics
publishDate	2019
url	https://doaj.org/article/dd08b4e352c743569d58ed4dbc627133
work_keys_str_mv	AT olegepankratov aboutthesituationwithunfinishedconsrtuctionanditsinvolvementineconomicturnover
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ABOUT THE SITUATION WITH UNFINISHED CONSRTUCTION AND ITS INVOLVEMENT IN ECONOMIC TURNOVER

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