Яндекс.Метрика

INVESTMENTS AND PROSPECTS OF RUSSIAN FISHERIES DEVELOPMENT


DOI 10.33305/222-64

Issue № 2, 2022, article № 9, pages 64-73

Section: Economic mechanism of managing

Language: Russian

Original language title: ИНВЕСТИЦИИ И ПЕРСПЕКТИВЫ РАЗВИТИЯ РОССИЙСКОГО РЫБНОГО ХОЗЯЙСТВА

Keywords: FISHERIES, INVESTMENTS IN FIXED ASSETS, GROSS VALUE ADDED, INVESTMENT MECHANISM, MODELING

Abstract: Fishing plays an important role in the Russian economy. It is a major exporter of fish raw materials and a food supplier to domestic consumers. One of the foundations of the development of fisheries is the ability of invested capital to ensure the growth of income and well-being. But although there has been a positive trend in these indicators recently, it is unstable. The purpose of the paper is to study the investment mechanism in the Russian fishing to determine the prospects for the economic development of the industry. Our research is based on the assumption of the cyclical nature of the economic development of fishing, which is expressed in the asynchrony of production and investment processes. Modeling of these processes revealed several hidden effects. We conclude that the possible consequences of the policy currently being implemented, which is aimed at accelerating the growth of quantitative indicators of fishing, in the near future may be overinvestment and excessive capitalization of the industry. This creates a threat of collapse of the Russian fishing industry - a sharp reduction in catch, deterioration of the financial and economic indicators of business, non-return of capital investments, and a decrease in the consumption of fish products by people. In order to minimize the threat of crisis and ensure the sustainability of the fishing, the Government should reconsider the priorities of investment support, as well as ensure stability and predictability of conditions for investment activities, taking into account industry specifics and long-term interests of society. Based on the analysis, the authors propose several promising areas for improving the sectoral investment policy.

Authors: Mnatsakanian Albert Gurgenovich, KHarin Aleksandr Gennadevich