Medium-term trends in economic and technological development of metals industry regions
Since metals industry regions are dependent on the location of production resources and infrastructure, as well as have highly capital-intensive production, they usually feature a slowly changing industrial and technological structure of production. In line with the hypothesis of the study, the tech...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ural State University of Economics
2023-10-01
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| Series: | Journal of New Economy |
| Subjects: | |
| Online Access: | https://jne.usue.ru/images/download/100/5a.pdf |
| _version_ | 1827162147247882240 |
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| author | Daria S. Bents Aleksandr V. Rezepin |
| author_facet | Daria S. Bents Aleksandr V. Rezepin |
| author_sort | Daria S. Bents |
| collection | DOAJ |
| description | Since metals industry regions are dependent on the location of production resources and infrastructure, as well as have highly capital-intensive production, they usually feature a slowly changing industrial and technological structure of production. In line with the hypothesis of the study, the technological structure of the manufacturing industry determines the differences in their economic development. The study aims to explore the medium-term trends and patterns in economic and technological development of the metals industry regions. The methodological basis of the research is the structural dynamic approach to studying regional economic development. The methods include multivariate data analysis and clustering algorithms, time series estimation and correlation analysis. The study uses the data on large and medium-sized enterprises by types of economic activities for 2006–2021 taken from an information and analytics system FIRA PRO. According to the findings, the Chelyabinsk, Sverdlovsk, Lipetsk, Vologda and Tula oblasts are metals industry regions. The identified medium-term trends in their economic development show different dynamics of input and output indicators of production both by all types of economic activities and in metals industry in particular. The study proves that the dynamics of metals industry regions’ development largely depends on technological characteristics of the manufacturing industry. The results of the research contribute to the understanding of the adaptation mechanisms of regions’ industry to the changing conditions of external environment. |
| first_indexed | 2024-03-11T18:51:53Z |
| format | Article |
| id | doaj.art-a022c0d16d124c708128137504c4e28e |
| institution | Directory Open Access Journal |
| issn | 2658-5081 2687-0002 |
| language | English |
| last_indexed | 2025-03-21T00:40:11Z |
| publishDate | 2023-10-01 |
| publisher | Ural State University of Economics |
| record_format | Article |
| series | Journal of New Economy |
| spelling | doaj.art-a022c0d16d124c708128137504c4e28e2024-08-03T06:14:26ZengUral State University of EconomicsJournal of New Economy2658-50812687-00022023-10-012439111810.29141/2658-5081-2023-24-3-5 Medium-term trends in economic and technological development of metals industry regionsDaria S. Bents0Aleksandr V. Rezepin 1Chelyabinsk State University, Chelyabinsk, RussiaSouth Ural State University, Chelyabinsk, RussiaSince metals industry regions are dependent on the location of production resources and infrastructure, as well as have highly capital-intensive production, they usually feature a slowly changing industrial and technological structure of production. In line with the hypothesis of the study, the technological structure of the manufacturing industry determines the differences in their economic development. The study aims to explore the medium-term trends and patterns in economic and technological development of the metals industry regions. The methodological basis of the research is the structural dynamic approach to studying regional economic development. The methods include multivariate data analysis and clustering algorithms, time series estimation and correlation analysis. The study uses the data on large and medium-sized enterprises by types of economic activities for 2006–2021 taken from an information and analytics system FIRA PRO. According to the findings, the Chelyabinsk, Sverdlovsk, Lipetsk, Vologda and Tula oblasts are metals industry regions. The identified medium-term trends in their economic development show different dynamics of input and output indicators of production both by all types of economic activities and in metals industry in particular. The study proves that the dynamics of metals industry regions’ development largely depends on technological characteristics of the manufacturing industry. The results of the research contribute to the understanding of the adaptation mechanisms of regions’ industry to the changing conditions of external environment.https://jne.usue.ru/images/download/100/5a.pdfmono-industrial regionrussia's regionstechnological structuremetals industrymanufacturing industry |
| spellingShingle | Daria S. Bents Aleksandr V. Rezepin Medium-term trends in economic and technological development of metals industry regions Journal of New Economy mono-industrial region russia's regions technological structure metals industry manufacturing industry |
| title | Medium-term trends in economic and technological development of metals industry regions |
| title_full | Medium-term trends in economic and technological development of metals industry regions |
| title_fullStr | Medium-term trends in economic and technological development of metals industry regions |
| title_full_unstemmed | Medium-term trends in economic and technological development of metals industry regions |
| title_short | Medium-term trends in economic and technological development of metals industry regions |
| title_sort | medium term trends in economic and technological development of metals industry regions |
| topic | mono-industrial region russia's regions technological structure metals industry manufacturing industry |
| url | https://jne.usue.ru/images/download/100/5a.pdf |
| work_keys_str_mv | AT dariasbents mediumtermtrendsineconomicandtechnologicaldevelopmentofmetalsindustryregions AT aleksandrvrezepin mediumtermtrendsineconomicandtechnologicaldevelopmentofmetalsindustryregions |