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1
OMELCHENKO, Yuliia. "Modeling the influence of financial sector on real sector of Ukrainian economics." Economics. Finances. Law, no. 11/3 (November 27, 2020): 9–12. http://dx.doi.org/10.37634/efp.2020.11(3).2.
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Introduction: This paper is devoted to the study of the relationship between the financial and real sectors of the economy of Ukraine. Economic transformations of the domestic economy demonstrate the urgent need for financial bases to stimulate economic development. After all, the stabilization of industrial enterprises and the maintenance of a steady trend of increasing industrial production is directly related to financial security. It is also necessary to clarify possible contradictions between the financial and manufacturing sectors, as well as possible ways to resolve them, because we are talking about the decline or prosperity of the economy. For example, the underdevelopment of financial institutions and the investment of real sector free funds in speculative transactions instead of using them to reproduce fixed capital and increase capacity is one such complication. In turn, a weak financial system cannot provide a sufficient level of investment development, as a result of which the real sector attracts its own funds, which allows to achieve mainly only short-term goals. It should also be noted that the divergence of the financial and real sectors is expressed through certain economic relations. As financial institutions play a significant role in the formation of investment entities, it can be noted that insufficient financial potential and low ability to form a stable financial policy are weaknesses in the socio-economic development of Ukraine. Therefore, a detailed study of the convergence of the financial and industrial sectors can be taken into account in the formation of programs of socio-economic development in crisis or post-crisis conditions. The purpose of the paper is an in-depth analysis of the relationship between the financial and real sectors, as well as the consequences of their divergence. The realization of this goal has necessitated the disclosure of the essence of production and financial institutions, their impact on global crises. The subject of the study was the economic relations of the financial and production sectors and their features in terms of the economy of Ukraine. The object of analysis is cross-sectoral links and trends in their development. The reasons for the separation of these sectors are also investigated. Result. Using the obtained results, an economic-mathematical model of the economy functioning without the direct influence of the financial sector and a model taking into account the financial sector were built. A comparison of the models proves that the stock market has an impact on the productive sector of the economy. Conclusion. The development of the stock market can have a positive effect on GDP growth. However, at the same time it is necessary to regulate the activities of stock market participants to avoid excessive outflow of funds to the speculative stock market.
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Okwu, Andy Titus, Olusola Babatunde Falaiye, Rowland Tochukwu Obiakor, and Ajibola Joseph Olusegun. "Do banking sector reforms cause economic growth?: Empirical evidence from Africa’s largest economy." Corporate Ownership and Control 13, no. 1 (2015): 553–64. http://dx.doi.org/10.22495/cocv13i1c5p3.
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This paper employed time series data on relevant empirical diagnostics to examine banking sector growth-led nexus within the context of Africa’s largest economy, Nigeria. Diagnostics established stationarity of banking sector indicators and control variables at first difference. Findings showed no causal relationships between banking sector reforms and economic growth in the short-run and that, though liberalisation in particular did not Granger-cause growth of the economy during the study period, banking sector reforms caused growth of the real sector of the Nigerian economy. Hence, the caveat was that long-run growth effects of banking sector reforms on real sectors of economies are functions of policy targets of such banking or financial sectors reform strategies. Consequently, articulation of banking and financial sectors reforms within long-run rather than short-run perspectives and complementarity of liberalisation were recommended.
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Klimenko, Pavel, Larisa Sevryukova, Mikhail Goncharenko, and Dmitry Dmitriev. "Financial mechanisms to stimulate the real economy in the global economic security system." SHS Web of Conferences 92 (2021): 08011. http://dx.doi.org/10.1051/shsconf/20219208011.
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Research background: The real sector plays a crucial role in the country’s economy. It is he who serves as the economic basis for creating an additional product, in close connection with the financial sector. Today, the concept of “real sector of the economy” is used very actively both in economic science and in economic practice. Favourable macroeconomic factors lead to investment in the real sector and increase the competitiveness of production, both the economy of the individual state and the global economy as a whole. Research aimed at improving the efficiency of the real sector through the development of financial mechanisms to support it on a global scale is therefore highly relevant to the economic security of individual countries and the world economy. Purpose of the article: identification of current problems and ways of improvement, financial mechanisms to stimulate the real sector of the economy to ensure economic security of the state Methods: spatio-temporal analysis of the identified indicators of balanced development of the regional economy in order to ensure economic security. Findings & Value added: Findings & Value added: proposed ways to develop effective financial mechanisms to stimulate the real sector of the economy can be used in the development of economic security strategies for regions and federal districts
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Koprencka, Luciana, Edmira Cakrani, and Migena Petani. "Real Estate Taxes in Albania." European Journal of Sustainable Development 2, no. 4 (April 1, 2013): 243. http://dx.doi.org/10.14207/ejsd.2013.v2n4p243.
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The construction sector is one of the mainsectors of the Albanian economy, which,during the last 20 years, has experiencedthe greatest economic growth. In 1991 thissector has contributed by 2.5% to the GDP,in 2006 by 4.9%, while in 2008, this sectorhas contributed by 14.9% to the national GDP. The relevant legislation has played animportant role in the development of this sector. The applied laws have tried to maintainat low levels the real estate prices and totransform such a problematic sector, withreference to fiscal evasion and informality,into an easily controllable sector. The taxesapplied in the construction sector are the sameas in other economic sectors, although thetaxation management in the construction sector, except forthose common principles thatregulate the tax management in general, isbased on some specificrules related to thecharacteristics of this sector. Increase the level of taxation on the transfer of ownership tothe extent of 10%, paralyzed the housing market by reducing the number of sales,especially of real estate old, previously this was 0.3-5%of sales value.
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Wong, Hock Tsen. "Real exchange rate misalignment and economy." Journal of Economic Studies 46, no. 1 (January 7, 2019): 211–27. http://dx.doi.org/10.1108/jes-07-2017-0181.
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PurposeThe purpose of this paper is to examine the impact of real exchange rate misalignment on economy and economic sectors, namely construction, manufacturing and mining and quarrying in Malaysia.Design/methodology/approachThe equilibrium real exchange rate and economic models are estimated using the autoregressive distributed lag approach.FindingsAn increase in productivity differential or reserve differential will lead to an appreciation of real exchange rate in the long run. An increase in positive (negative) real exchange rate misalignment will lead to an increase (decrease) in economy. An increase in long-run real exchange rate misalignment will lead to a decrease in economy. Real exchange rate misalignment or long-run real exchange rate misalignment can influence the manufacturing sector in Malaysia. More specifically, undervaluation will promote whereas overvaluation will hurt the manufacturing sector.Originality/valueReal exchange rate misalignment can be a policy to influence economy but may not be the best choice.
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Altukhova, E. V., and M. A. Markov. "Stimulating the Banking Sector Participation in the System of the Real Sector of Economy Support." Vestnik of the Plekhanov Russian University of Economics 17, no. 5 (October 15, 2020): 5–15. http://dx.doi.org/10.21686/2413-2829-2020-5-5-15.
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The development of the real sector is essential to ensure the growth of national economy in any country. The principle institution working with money in economy is banks. They maintain cash circulation of real sector companies and act as a source of investment, which is allocated in the form of banking credits. Taking into account the fact that the goal of stimulating the real economy growth is set not only for the banking system but for economy in general, the approach to its attaining should be complex and systematic. Because of that it is very important to develop a list of steps that could provide a differentiated approach in the system of supporting companies of the real sector. Such measures’ implementation includes the participation of development institutions and therefore, banks in the system of national projects realization. Upgrading legislative regulation in the sphere of interaction between banks and business entities is extremely important as well as the development of new finance tools providing the growth in finance potential in the real sector of economy. The article analyzes banks’ participation in crediting the real sector of economy in Russia, studies the key characteristics of crediting and puts forward steps both on the macro- and micro-level, which could coordinate economic interests of companies and banks and cut costs.
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Arafah, Willy, and Ryan Corinus Dato Matheos. "Determining Factors of Potential Economy Sectors of Bantaeng Regency in South Sulawesi Province of Indonesia: An Analysis Using the Location Quotient Approach." International Journal of Business and Management 12, no. 7 (June 6, 2017): 183. http://dx.doi.org/10.5539/ijbm.v12n7p183.
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Bantaeng Regency, one of the regencys in South Sulawesi Province, has some potential economy sectors to be developed. In order to know those potential economy sectors, one of the economy analysis which can be used is the Location Quotient analysis. In this research, the analysis will use Static Location Quotient (SLQ) and Dynamic Location Quotient (DLQ). The SLQ method is used to determine the base sectors (leading sectors) in Bantaeng Regency at one period of time. While DLQ method is used to determine whether a sector that is superior over a period of time are leading sectors for the period of time that will come. The analysis showed that in the year 2013-2014 the Trade and Retail sector; Car and Motorcycles Repair sector; Real Estate sector; Government Administration sector; Defence and Compulsory Social Security; and Other Services Sector is the leading economy sector in Bantaeng Regency. And in the year 2014-2015, the Trade and Retail sector; Cars and Motorcycles Repair sector; Real Estate sector; Service Sector Health and Social Work; and Other Services Sector is the leading economy sector in Bantaeng Regency.
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Malysh, Dmytro. "ROLE OF THE FINANCIAL SECTOR IN FINANCING THE ENTERPRISES OF THE REAL SECTOR OF THE ECONOMY." Economic Analysis, no. 28(2) (2018): 78–84. http://dx.doi.org/10.35774/econa2018.02.078.
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Introduction. Financial sector plays an important role in the financing of business entities in the real economy sector. A possibility of rising funds through the stock or banking sector enables substantially to expand the scope of enterprises. However, the presence of permanent financial crises does not allow companies to use these opportunities in full. Therefore, the assessment of state and trends of the stock and banking sectors in the context of the use of their funds to finance companies in the real sector of the economy becomes important. Purpose. The article aims to identify contemporary issues of development of the stock and banking sectors in the context of their ability to finance companies in the real economy. Method. In order to achieve the goal of the research we have used the following methods: method of structural and dynamic analysis and method of economic and statistical analysis of the development of the stock and banking sectors of Ukraine. Results. It has been determined that the deterioration of the stock market in Ukraine led to its exclusion from the list of marginal markets. The largest segment of the Ukrainian stock and banking sector services the issuers, which are owned by the state. At the same time, the financial sector has features of bank-centeredness since banks play a leading role in financing of companies and in transactions of the stock market. Ukrainian stock market mainly carries out operations with government bonds and only a small part of operations provides financing for the activities of companies through the issue of stocks and bonds. The share of long-term sources of funding is gradually decreasing and it is critically low for economic growth of the country. The tempos of providing long-term and short-term bank loans for the company are slowing down. A positive trend is the reduction of interest rates on loans. There is a need to develop effective measures for using opportunities of the stock and banking sectors as well for financing companies in the real sector of the economy.
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Abaidoo, Rexford. "Dynamics Of US Economic Recovery: Can We Still Count On The Finance And Insurance Sector?" Journal of Business & Economics Research (JBER) 9, no. 10 (May 1, 2013): 75. http://dx.doi.org/10.19030/jber.v9i10.7840.
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This study takes a quantitative approach toexamine the dynamic effects of post-recession sector and sub-sector growthperformance of U.S. economic recovery. The study employs contributions to GDPgrowth rate among selected sectors and sub-sectors of the US economy to measurethe probability to significantly impact the rate of economic recovery.Estimation results based on logistic model indicates the finance and insurancesector of the economy is still critical to US economic recovery after a majormacroeconomic shock; however, the sectors potential to significantlyaccelerate economic recovery seem to be overstated compared to other keysectors of the economy. Further test suggests the real estate sector of theeconomy is significantly weak in generating growth levels required tosignificantly accelerate economic recovery after major economic shock such asthe recession of 2008.
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Balatsky, Evgeny V., and Natalia A. Ekimova. "Integration Mechanisms of Universities and Real Economy Sector." Journal of Economic Regulation 12, no. 3 (September 30, 2021): 058–75. http://dx.doi.org/10.17835/2078-5429.2021.12.3.058-075.
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In the modern world, the role of universities is changing dramatically and a new model of their participation in the economy is being formed. The essence of the new model is an immeasurably closer integration of universities with enterprises and organizations of the real sector of the economy. Universities that reject this model will no longer be able to be full participants in the higher education market. In this regard, many Russian universities are forced to look for new mechanisms of interaction with economic entities of the regional economy. The article summarizes and systematizes the most successful practices of Russian universities on the creation and use of integration mechanisms with companies, enterprises and departments of the regions. For this purpose, examples of such promising institutions are considered, such as research and educational centers and infrastructure initiatives; supporting universities and network initiatives; targeted training and practice-oriented programs; integration of production and education on the site of universities (training centers); partial integration of production and education on the site of enterprises (basic departments); full integration of production and education at the enterprise site (outsourcing); entrepreneurial universities and a model of global academic partnership; the institute of unique scientific collaborations and Collective Use Centers. The analysis of this experience allowed us to draw the general contours of a new model of a practice-oriented university.
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Eshugova, S. K., and S. K. Khamirzova. "The role of state corporations in the development of the real sector of economy." New Technologies, no. 4 (November 18, 2020): 126–33. http://dx.doi.org/10.47370/2072-0920-2020-15-4-126-133.
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Studying the role and place of state corporations, as well as improving their activities in the framework of stimulating the real sector of the Russian economy is a relevant issue. The subject of the research is organizational and managerial relations arising in the system of functioning of state corporations and their impact on the real sector of economy. The aim of the research is to substantiate the role of state corporations in the development of the real sector of the Russian economy and to develop practical recommendations to improve the efficiency of their functioning in modern conditions. The article reveals the essence, as well as the significant role of state corporations in the innovative modernization of the Russian economy; the necessity of using impressive organizational, financial and economic potential of state corporations in stimulating the development of competitive industries in various sectors of the real sector of the economy is substantiated. There are three main types of state corporations in the Russian economy: a) financial development institutions; their activities are aimed at financing large projects; b) industrial corporations; c) directorates for the implementation of government programs with limited periods of operation and a set of specific tasks for implementation. An analysis of the scale of activity of the state corporate sector has shown that at present state corporations control about 40% of the economy and provide more than half of the state GDP; their financing accounts for about 25% of the expenditure side of the RF budget. The article concludes that state corporations are the locomotives of growth in the real sector of economy, established by the state at the expense of the budget to carry out large-scale projects or to solve important economic and social problems.
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Kisloshchaev, P., and N. Kapitonova. "INFLUENCE OF DIGITAL ECONOMY ON MAINTENANCE OF ECONOMIC SAFETY OF REAL SECTOR OF ECONOMY." Transbaikal State University Journal 24, no. 9 (2018): 82–89. http://dx.doi.org/10.21209/2227-9245-2018-24-9-82-89.
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Vlasiuk, S. A., and N. V. Bondarenko. "Bank lending of the real sector of economy." Collected Works of Uman National University of Horticulture 93, no. 2 (2018): 32–40. http://dx.doi.org/10.31395/2415-8240-2018-93-2-32-40.
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Song, Yu, Chunlu Liu, and Craig Langston. "A LINKAGE MEASURE FRAMEWORK FOR THE REAL ESTATE SECTOR." International Journal of Strategic Property Management 9, no. 3 (September 30, 2005): 121–43. http://dx.doi.org/10.3846/1648715x.2005.9637533.
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Linkage is one of the most important factors for gaining competitive advantage. Information on linkages is essential to understanding the structure of an economy, which is in turn important in formulating industry policies and business strategies. The hypothetical extraction method is used to measure the linkages by extracting a sector hypothetically from an economic system in the literature. In the previous research, however, the internal linkage (linkage within a sector) and sectoral linkages (linkage between two specific sectors) are ignored, and there is not a comprehensive framework to measure the linkages of a specific sector. Using the recently published Organisation for Economic Co‐operation and Development input‐output database at constant prices, this paper aims to resolve these two shortcomings and thereby propose a linkage measure framework to explore the linkages between the real estate sector and other sectors from a new angle. The relative and absolute linkages are termed and the total, backward, forward, internal and sectoral linkage indicators are formulated to investigate the linkages of the real estate sector from all directions. Empirical results show an increasing trend of these linkages, which confirms the increasing role of the real estate sector with economic maturity over the examined period. This framework also can be employed in other sectors.
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Hepsen, Ali, Mehmet Asici, and Olgun Aydin. "Efficient Use of Capital: Paradox of Real Estate and Industry in Turkey." International Journal of Economics and Finance 9, no. 8 (July 25, 2017): 221. http://dx.doi.org/10.5539/ijef.v9n8p221.
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In recent years, one of the hottest debates on Turkish economy is the conflict on resource allocation between real estate and industry sectors. The debate was so intense that ex-minister of Economy Mr. Ali Babacan declared his opinions. Mr. Babacan’s statements about the creation of fixed capital by the private sector is not promising, and private sector fixed capital expenditures are not in the desired level. This situation is due to the limited economic growth and future economic growth. In this study, we have investigated whether Mr. Babacan’s statement is right or not. We have discussed the reliability of the measurement of real estate output as Gruneberg and Folwell did in 2013 and Ruddock did in 2002. That could be concluded that we agree with ex-minister of Economy Mr. Babacan’s comments regarding to imbalances among sectors are threatening Turkish economy’s stability. The imbalances are favoring residential real estate investments and consequently the country is exposed to currency risk.
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Akinkoye, Ebenezer, and Lukman Oyeyinka Oyelami. "Bank Recapitalization and Real Sector Performance." International Journal of Finance & Banking Studies (2147-4486) 3, no. 1 (July 21, 2014): 126–36. http://dx.doi.org/10.20525/ijfbs.v3i1.174.
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This study investigates the impact of bank recapitalization on real sector performance in Nigeria. Specifically, thestudy examines the direct effect (bank investment) and indirect effect (loans and advances to real sector) on realsector output growth between the period 1986 and 2012.This study departs from previous studies because weaggregate the three leading sectors (agriculture, manufacturing and building and construction) of the Nigerianeconomy to arrive at our real sector index. Also, having carefully subjected our data to necessary econometric testswe employed chow test for structural break to test for the existence of policy shift between bank capital base and loan to the real sector of the Nigerian economy as a result of bank recapitalisation policy .Similarly, OLS estimates was used to determine the direct and indirect effect of bank capital base and real sector output growth. The results from structure break tests reveal that bank recapitalization policy causes policy shift in bank capital base and loan to real sector thus the policy is of significant impact to real sector performance .In corollary, the result from the OLS strongly indicates that bank capital base has significant effect on real sector output growth directly and indirectly. We then conclude that Nigerian banks should be adequately capitalised as to play active intermediateting roles expected of them in this modern and competitive global economy.
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Моргунова and Yelyena Morgunova. "Features of Retail Real Estate Market Dynamics in the North-Caucasian Region." Economics of the Firm 2, no. 3 (February 4, 2014): 19–23. http://dx.doi.org/10.12737/2490.
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The commercial real estate market has a great development potential in this
country. The author evaluates current developments at the regional market
of retail real estate and its specifics inherent to the Southern Regions of
Russia. Domestic market plays an essential role in the national economy, as
a crucial factor of the of economic development pace. In many regions the
commercial real estate sector demonstrates the highest development rates
as compared to the other sectors of economy. The commercial real estate
sector is also considered as the most attractive for investments. These factors
emphasize the urgency of the presented research.
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Dvoretskaya, A. "Capital Market Resources as the Financial Source of Real Sector." Voprosy Ekonomiki, no. 11 (November 20, 2007): 92–103. http://dx.doi.org/10.32609/0042-8736-2007-11-92-103.
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The article considers capital market as a uniform institutional segment of national economy which provides funds for real sector. Special attention is paid to resources of stock market - shared and debt financial instruments. The analysis of national and global capital markets contribution to financing the corporate sector is presented. The paper outlines real competition between banking system and stock market according to capital recipients’ standpoint. The interaction mechanisms between banking and stock market sectors for effective economic growth are described.
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Canon, Syarwani. "Identifikasi Sektor Katalisator dalam Perekonomian Wilayah Provinsi Sulawesi Utara." Jurnal Ekonomi dan Pembangunan Indonesia 10, no. 2 (January 1, 2010): 129–42. http://dx.doi.org/10.21002/jepi.v10i2.116.
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Direct relation model has been known as an analytical model to measure the relationship between economic sectors. However, there has not been known an analysis to measure the catalyst sector. Generally, the analytical model of relations of economic activities is an aggregative model which neglects the function of catalyst sector. Possibly, this will ignore its influence, when sometimes it is important to know the acceleration this influence for planning purposes. This paper uses analytical model of catalyst sectors of nine sectors in North Sulawesi Province with 56 causality combinations in each of the catalyst sector. The result shows that nine important economy sectors in North Sulawesi Province are induced by three economy catalyst sectors. First, strong catalyst sector consists of transport and communication sector, manufacturing industry sector, and trade, hotel and restaurants sector. Second, medium catalyst sector; consists of agriculture sector, finance, real estate and business services sector, and electricity, gas and water supply sector. Third, weak catalyst sector: consists of construction sector, services sector, and mining and quarrying sector.
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Dagmirzaev, O. A. "VARIABILITY ANALYSIS OF REGIONAL INDICATORS OF KAZAKHSTAN’S REAL SECTOR OF ECONOMY." Chronos: economy sciences 6, no. 3(31) (November 3, 2021): 18–24. http://dx.doi.org/10.52013/2712-9713-31-1-3.
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The study’s main purpose is to analyze the variability of regional indicators of Kazakhstan’s real sector of economy by leveraging Factor Analysis. Processed indicators encompass 1999–2019, i.e. 21 years. The number of regions is 14. Input information was compressed as follows: mean values of indicators of each region in 21 years were calculated and then one final table was created. Results of Factor Analysis. All industries of real sector of economy may be lined up in four groups according to common interregional variability criterion: 1) mining industry; 2) manufacturing industry; 3) agriculture (crop and livestock breeding); 4) transport and communication. According to Factor Analysis methodology, it is considered that there is a certain factor behind the indicators of each selected group, i.e. there is an objective reason. The factors are independent, therefore, the indicators of different groups do not have statistical relations among each other. The indicators of mining and manufacturing industries have certain regional orientations, i.e. few areas have either mining or manufacturing sectors developed. Agriculture is also a region-dependent sector of the real economy. Significant part of regional variability of livestock sector and almost total interregional variability of population have common factor behind (total variances 0.57 and 0.94). In other words, livestock breeding is predominantly developed in regions with a denser population. Transport and communication sectors are not bound to certain regions, they flourish in heavily populated areas (total variances 0.69; 0.85; 0.61). Interregional fluctuations of resource indicator, i.e. capital investments, almost totally match with similar fluctuations in mining and construction (total variances 0.94; 0.70; 0.97). As for capital investments directed to other sectors, their interregional variability is negligible. What is this talking about? Capital investments, except for mining and construction, are pinpoint investments, i.e. allocated to certain regions only.
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Morina, Fisnik, and Ercan Özen. "Does the Commercial Bank's Loans Affect Economic Growth? Empirical Evidence for the Real Sector Economy in Kosovo (2005-2018)." International Journal of Sustainable Development and Planning 15, no. 8 (December 22, 2020): 1205–22. http://dx.doi.org/10.18280/ijsdp.150807.
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The study aims to analyze the impact of credit policies of commercial banks on financing and development of the real sector of Kosovo's economy. In this context, some statistical and econometric models and techniques have been applied in order to test the impact of commercial banks through the lending process in the development of the real sector of Kosovo's economy for the period 2005-2018, using time series on a monthly basis. The empirical results of this study prove that commercial banks through the lending process have had a positive substantive impact on the development of the real sector in the economy of Kosovo. Economic development cannot happen without the development of the private sector and banks are the ones who can help and are helping in this regard. This study will provide a theoretical and practical analysis of contemporary forms of real sector lending, as well as, the importance of credit policy reform in financing and developing this sector and provide empirical evidence of how much bank loans have affected in the development of the real sector of Kosovo's economy.
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Mai, Xin, Roger C. K. Chan, and Chaoqun Zhan. "Which Sectors Really Matter for a Resilient Chinese Economy? A Structural Decomposition Analysis." Sustainability 11, no. 22 (November 11, 2019): 6333. http://dx.doi.org/10.3390/su11226333.
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This study explores the structural effect of economic resilience with a case of China by examining the extent to which the major economic sectors contribute to the relative resilience of China’s overall economy. By applying a time series analysis, we use the Hodrick–Prescott filter to delineate China’s national economy on a quarterly basis and reveal different performances in responding to two recent economic crises in 1997 and 2008. Using quarterly data pertaining to eight economic sectors (including agriculture, industry, and major service sectors) and the national GDP from 1993Q1 to 2017Q2, we examine their effects on China’s economic resilience by simulating the responses of the national economy to a unit shock from each sector. Results show that the construction, real estate, and financial services have the greatest potential to “disturb” the national economy whereas the industrial sector has the greatest potential to “stabilize” it. The findings correspond with the understanding that extensive infrastructure development and the real estate boom have driven China’s rapid urban development and created economic prosperity, whereas the sectoral decomposition of economic resilience compels a critical reflection on the risks of this growth model.
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Zabchuk, Halyna. "ACTIVATION OF BANKING LENDING OF THE REAL SECTOR OF ECONOMY AS A PRECONDITION OF RESTORATION OF ECONOMIC GROWTH." Economic Analysis, no. 28(1) (2018): 172–77. http://dx.doi.org/10.35774/econa2018.01.172.
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Introduction. The article deals with the main problems of bank lending. The proposals on the activation of bank lending in the real sector of the economy are substantiated. Purpose. The article aims to study the factors that restrain bank lending to the real sector, and to determine the directions of lending activating of the real sector of the economy by domestic banks. Method (methodology). The research has been conducted with the help of general scientific methods of analysis, namely, method of induction, method of deduction, method of systematization and generalization. Results. Economic growth in modern conditions cannot be ensured without attracting bank capital into the real economy. The main factors hindering the development of investment banking lending have been analysed. The basic mechanisms of further reformation of the banking sector in order to increase lending activity have been substantiated. A set of recommendations for improving the system of lending to the real sector of the economy by commercial banks at the present stage has been offered.
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Sobkevych, O. V. "The Priorities of Anti-Crisis Policy in the Real Sector to Strengthen the Economic Security of Ukraine." Business Inform 11, no. 526 (2021): 67–71. http://dx.doi.org/10.32983/2222-4459-2021-11-67-71.
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The article is aimed at studying tendencies in the real sector in Ukraine, identifying problems and risks affecting its functioning, and determining the priorities of the State policy in order to overcome the crisis in the real sector of the economy as the basis for its ability to dynamic, balanced development and strengthening the economic security of the country. It is determined that the potential of the real sector of the Ukrainian economy is used inefficiently. Systemic problems are manifested in a rapid decrease in the role of industry in providing economic growth, large-scale agrarization of the economy, combined with unbalanced exploitation of resource potential and non-inclusiveness of the agrarian sector; in the accumulation of development restrictions on the part of the transport industry. Anti-crisis policy in the real sector should be directed towards preventing and eliminating crises. The restoration of the real sector of the economy requires the development of industrial policy in the direction of creating the basis for structural modernization; correction of conditions for the development of the agrarian sector of Ukraine in order to fully realize its potential, combine increasing the production of competitive agricultural products and ensuring food security of the State along with the development of rural areas; development of the transport industry in order to achieve its ability to play an appropriate role in optimizing the flow of passengers and cargo. This together will increase the competitiveness of Ukrainian economy and strengthen the economic security.
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Okorie, Emena Uche, Clement I. N. Nwakoby, and Lawrence Uchenna Okoye. "Deregulating the Nigerian Economy for Enhanced Real Sector Growth." Journal of Policy and Development Studies 10, no. 2 (2016): 144–58. http://dx.doi.org/10.12816/0028355.
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Urosevic, Branko, Bosko Zivkovic, and Milos Bozovic. "The influence of financial on real sector of economy." Ekonomika preduzeca 59, no. 1-2 (2011): 34–44. http://dx.doi.org/10.5937/ekopre1102034u.
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Khanin, G., and N. Suslov. "Real Sector of the Russian Economy: Estimation and Analysis." Europe-Asia Studies 51, no. 8 (December 1999): 1433–54. http://dx.doi.org/10.1080/09668139998408.
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Vyunov, Sergey, and Andrey Klypin. "Towards the Issue about Evaluation of Demand for R&D Results by the Real Economy and Social Sphere." Science Management: Theory and Practice 4, no. 1 (March 28, 2022): 122–42. http://dx.doi.org/10.19181/smtp.2022.4.1.7.
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The purpose of this study is to allocate approaches for assessing the demand for domestic technologies created using the results of research and development for the real sector of the economy and social sectors. The paper employs theoretical methods: systematic approach, comparative and incomparable analysis, synthesis, abstraction and concretization, structural and functional method. The research is also based on methods morphological analysis, of deductive and inductive analysis of the works of other authors of the research subject. In this paper, the concepts of «real economy» and «social sphere» are defined, a list of components of social infrastructure related to these concepts is established. A composition of indicators for assessment of the demand for research and development results by the real sector of the economy and social sectors has been studied. In conclusion of the article proposes a certain composition of indicators for assessing the demand for research and development results by the real sector of the economy and social sectors, which was tested at the national level for the Russian Federation for the period 2017–2019. To obtain more accurate results, the authors recommend obtaining the necessary statistical information in terms of the demand for R&D in the process of direct interaction with representatives of the real sector of the economy and social sectors. The prepared proposals can be used by the federal executive authorities in the development of program activities of the National Project “Science and Universities” and in implementing other measures within the framework of the public science and innovation policy in the Russian Federation.
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Kovan, S. E. "BANKRUPTCY THREATS FOR RUSSIAN ORGANIZATIONS AMID THE GLOBAL FINANCIAL CRISIS." Strategic decisions and risk management, no. 1 (February 6, 2010): 60–65. http://dx.doi.org/10.17747/2078-8886-2010-1-60-65.
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The global financial and economic crisis significantly affected enterprises of the real economy sector. According to some estimates, in 2009 about 40% of unprofitable Russian businesses of this economy sector were bankrupt. An important task for the state management is preventing mass bankrupts and non-payments crisis. Some measures to reduce bankrupt risks for enterprises of the real economy sector have been suggested in order to save business and increase its efficiency.
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Danyliuk, M. O., I. M. Danyliuk-Chernykh, and Z. A. Matsuk. "Contradictions and Financial Fraud in the Real Sector of the Economy." Business Inform 1, no. 528 (2022): 274–79. http://dx.doi.org/10.32983/2222-4459-2022-1-274-279.
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The article is aimed at studying the socioeconomic basis for the contradictions in the real sector of the economy and their impact on the currently extant types and forms of financial fraud. Uncertainty and increased socioeconomic risks generate various economic conflicts – contradictions of economic interests at all levels – from national levels of management to individual groups of workers. The article presents the most significant of the current contradictions in the economic and social spheres. Their presence and periodic aggravation leads to economic conflicts, which carry the potential for destructive consequences and social losses. One of these types of conflicts is financial fraud, which tends to expand in the real sector of the economy. The current state of financial fraud and abuse in the world and in Ukraine is analyzed; a classification of types of corporate financial fraud and the amount of financial losses suffered by the organizations both worldwide and in Ukraine from the fraudulent activities is provided. A definition of corporate fraud, which should be considered from the standpoint of potential subjects of abuse as an action of destabilizing subjective factors related to violation of laws, procedures and norms, as well as unfair behavior of economic agents, causing potential or real financial losses for enterprise, is proposed. The necessity of monitoring the occurrence and severity of economic, social, ecological and other contradictions as preventive measures for the prevention and development of financial fraud in the real sector of the economy is substantiated.
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Sunoto, Sunoto, and Bertha Iin Esti Indraswanti. "EVALUASI PERGESERAN STRUKTUR EKONOMI KOTA BENGKULU." Convergence: The Journal of Economic Development 2, no. 2 (February 5, 2021): 103–17. http://dx.doi.org/10.33369/convergence-jep.v2i2.14399.
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The purpose of this research was to evaluate the shifting of economic structure of Bengkulu City. Base on BPS secondary time series data (2011-2019), descriftive analysis was used to evaluate the shifting economic structure. The result of this research was concluded that the economis structure was gradually shifting in secondary and tertier sector. The different variable and the amount of data usage in this analysis had different result in leading sectors. The first periods of 2014-2017, Bengkulu City has 10 leading sectors, and the second period of this research become 7 sectors. It was used PDRB data, and become 4 leading sectors when employment data used merely. When the data of PDRB and employment was combined to analyze the Bengkulu City leading sector, it’s just become 3 sectors. So the economy of Bengkulu City was dominated by the Providing Accommodation, Food and Drink sector, the Real Estate sector and the Education Sector.
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Akinkoye, Ebenezer Y., and Lukman Oyeyinka Oyelami. "Bank Recapitalization and Real Sector Performance: Empirical Evidence From Nigeria." International Journal of Finance & Banking Studies (2147-4486) 3, no. 1 (January 19, 2016): 126. http://dx.doi.org/10.20525/.v3i1.174.
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<p>This study investigates the impact of bank recapitalization on real sector performance in Nigeria. Specifically, the study examines the direct effect (bank investment) and indirect effect (loans and advances to real sector) on real<br />sector output growth between the period 1986 and 2012.This study departs from previous studies because we aggregate the three leading sectors (agriculture, manufacturing and building and construction) of the Nigerian<br />economy to arrive at our real sector index. Also, having carefully subjected our data to necessary econometric tests we employed chow test for structural break to test for the existence of policy shift between bank capital base and loan<br />to the real sector of the Nigerian economy as a result of bank recapitalisation policy .Similarly, OLS estimates was used to determine the direct and indirect effect of bank capital base and real sector output growth. The results from<br />structure break tests reveal that bank recapitalization policy causes policy shift in bank capital base and loan to real sector thus the policy is of significant impact to real sector performance .In corollary, the result from the OLS strongly<br />indicates that bank capital base has significant effect on real sector output growth directly and indirectly. We then conclude that Nigerian banks should be adequately capitalised as to play active intermediateting roles expected of<br />them in this modern and competitive global economy</p>
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Kenourgios, Dimitris, and Dimitrios Dimitriou. "Contagion effects of the global financial crisis in us and European real economy sectors." Panoeconomicus 61, no. 3 (2014): 275–88. http://dx.doi.org/10.2298/pan1403275k.
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This paper empirically investigates the contagion effects of the Global Financial Crisis (2007-2009) from the financial sector to the real economy by examining nine sectors of US and developed European region. We provide a regional analysis by testing stock market contagion on the aggregate level and the sector level, on the global level and the domestic/regional level. Results show evidence of global contagion in US and developed European aggregate stock market indices and all US sector indices, implying the limited benefits of portfolio diversification. On the other hand, most of the European regional sectors seem to be immune to the adverse effects of the crisis. Finally, all non-financial sectors of both geographical areas seem to be unaffected by their domestic financial systems. These findings have important implications for policy makers, investors and international organizations.
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Panggabean, Martin. "FINANCIAL INTERMEDIATION SECTOR IN INDONESIA’S PRODUCTION PYRAMID." Buletin Ekonomi Moneter dan Perbankan 19, no. 4 (July 7, 2017): 385–402. http://dx.doi.org/10.21098/bemp.v19i4.693.
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This paper investigates the importance of financial intermediation sector in the inter-industry context, using input-output tables from 1995, 2000, 2005, and 2010. Known as matrix triangulation problem, the problem was mathematically categorized as NP-Hard where exact solution to real-world data cannot be ascertained. The algorithm used in this paper was proposed by Chanas-Kobylanski. The computation results confirm that the financial intermediation sector is consistently among the most important sector in the production structure of the Indonesian economy by serving non-negligible input to most sectors inthe economy. This paper shows that the sector has mixed record toward small-scale businesses. Financial intermediation sector supports directly and indirectly retail trade, agricultural and food-beverages sectors. The relatively large share of input from financial sector implies the high interest rate charged by banks to the retail trade sector, which in turn reflects high risk associated with Retail Trade (and SMEs in general). Thus tightening and improving efficiency between financial intermediation and retail trade sector will not only increase SMEs participation in the economy but also improve the economic activities in the agricultural and food-beverages sectors which combined contributes to around 19 percent of Indonesia’s GDP.
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Shults, Dmitriy Nikolaevich, and Victor Ivanovich Baluta. "Development the dynamic stochastic general equilibrium model for open economy conditions." Keldysh Institute Preprints, no. 44 (2021): 1–27. http://dx.doi.org/10.20948/prepr-2021-44.
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The paper presents the DSGE-model that describes the following sectors of the economy in relation to domestic realities: households, enterprises of the real sector and financial intermediaries. In turn, households are represented by two groups: savers and borrowers. Extractive industries are distinguished in the manufacturing sector. A feature of the proposed model is the FSC approach, which assumes that the owners of fixed assets are firms. They also make investment decisions. For mining companies, the production level is set exogenously in order to adequately reflect the impact of the OPEC + agreement. Financial intermediaries transform temporarily free household funds into loans to enterprises in the real sector.
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Khafizova, E. K., S. V. SALMINA, and Yu N. BALABANOVA. "STRATEGY OF ATTRACTING INVESTMENTS IN THE REAL SECTOR OF THE RUSSIAN ECONOMY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 2, no. 12 (2020): 32–37. http://dx.doi.org/10.36871/ek.up.p.r.2020.12.02.006.
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The article examines the topical problems of attracting foreign direct investment in the real sector of the economy under conditions of economic sanctions and the influence of geopolitical factors. The dynamics of investment inflows into the Russian economy is analyzed, the reasons for the changes are determined.
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Khalil, Muhammad Azhar, and Santi Chaisrisawatsuk. "Relationship Between Financial and Real Sectors: Implications for Stable Economic Development (Evidence from Thailand)." International Journal of Economics and Finance 10, no. 6 (May 30, 2018): 204. http://dx.doi.org/10.5539/ijef.v10n6p204.
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The real sector of an economy is the key section as activities of this sector persuade economic output and is represented by those economic segments that are essential for the progress of GDP of the economy. The sector generates better outcomes if accompanied with a healthier financial system; thus, advancement of financial sector is a means for the growth of real sector. The study in this paper explores the relationship between financial and real sectors of Thailand with the volatility analysis of GDP caused by development of financial market. The GARCH Model, Johansen-Juselius (1990) co-integration test, vector error correction model (VECM), and Granger causality testing approach was employed on time series data over the first quarter of year 1993 until the second quarter of year 2017. Consistent with past studies, both the elements of capital market (i.e. bonds and stock markets) and the money market (i.e. credit to private sector by banks) bears a positive relationship to the GDP, our results shows that both markets help promoting economic growth. We can infer that differences in financial markets’ composition and institutions do matter, as these three major sections – bond market, stock market, and banks– do not simultaneously develop and grow, but at a different level of their growth they complement each other. Our findings suggest that there exists inter dependency between real and financial sector’s technologies which in turn enlightens the effect of financial market development on the GDP growth.
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ZYMOVETS, Vladyslav, and Kateryna BAGATSKA. "THE REAL SECTOR OF UKRAINIAN ECONOMY CAPITALIZATION: TRENDS AND CONSEQUENCES." WORLD OF FINANCE, no. 1(54) (2018): 7–21. http://dx.doi.org/10.35774/sf2018.01.007.
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Introduction. The main trends in the corporate finance of Ukraine hardly could be explained with the traditional corporate finance frameworks which the trading-off or pecking order approaches included. In the beginning of 2017, the whole corporate sector indebtedness (calculated as total unconsolidated debt to book value based equity ratio) was substantially higher than a proper level for emerging markets countries. The restoring of the real sector equity capital sufficiency is crucial for the whole financial system stabilization and investments fostering. Purpose. The investigation of the book value decapitalization in real sector of Ukrainian economy scale and its potential impact on the financial system stability and economic growth assessment. Methods. International comparisons of the total book value capital to GDP ratios, the real book value capital (denominated by GDP deflator) trends and structural changes investigation. Results. The volume and the dynamics of the book value capitalization in Ukrainian economy’s real sector are investigated. The overall level of capital losses is determined (18% decline with 5 years) and significant structural imbalances are revealed. The trends of real sector book value equity changes analyzed comparing with the nominal GDP changes trends in Ukraine and foreign countries. A comparative analysis trends of real sector capital return in Ukraine and some European countries is conducted. The total book value capital to GDP ratio in Ukraine does not differ significantly from other countries. We explain these results capital by the low level of GDP in Ukraine and not by the book value capital sufficiency. The low level of legal productivity the real sector aggregate equity capital in Ukraine is determined. The share of accumulated capital in real sector book value equity in Ukraine was closed to 0 and fall negative in 2017. We explain this by the low level of legal productivity of equity capital in Ukraine. Conclusion. The capital accumulation in the real sector of Ukrainian economy is structurally deteriorated and generates significant risks for the stability of ountry financial system. The lack of capital in real sector hardly can be compensated by the financial sector and government investments. Thus, we can conclude that deficiency of equity in real sector is a strong barrier for the economic growth.
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Oladimeji, Ebenezer O., Ebenezer Bowale, and Henry Okodua. "How Effective Is the Monetary Policy on the Real Sector in Nigeria?" Research in World Economy 11, no. 5 (September 3, 2020): 388. http://dx.doi.org/10.5430/rwe.v11n5p388.
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In the past few years, the real sector became an area of interest in scholarly and public intellectual discuss, towards a sustainable performance of the Nigerian economy. Successive governments also realized the need to diversify the economy from high dependence on oil into deepening the real sector, through monetary policy that allows more credit flow to the real sector. In a quest to reconcile the current state of the Nigerian real sector with the renewed efforts of the government and the monetary authority to revamp the sector, this study investigated the effectiveness of this process and reexamined the transmission channels, using a structural vector autoregressive econometric approach (SVAR). The results showed that the credit channel and asset price channel are the dominant monetary policy transmission channels to the real sector. However, there was a significant effect on the effectiveness of the transmission process, when credit risk was added to the model, as it revealed vital information about the behaviour of the banking system in response to monetary policy actions of the monetary authority, during the period of high credit risk/default risk. This study, therefore, recommends that monetary authorities should always consider the credit preference of the banking system and the order of transmission channels, before embarking on any monetary policy aimed at stimulating the real sector and other sectors of the economy.
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Altukhova, Elena, Maxim Markov, Denis Perepelitsa, and Lazar Badalov. "Mechanisms of stimulating activities in banking participation in the development of construction industry and national economy at all." E3S Web of Conferences 220 (2020): 01047. http://dx.doi.org/10.1051/e3sconf/202022001047.
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The development of the real sector is crucial to ensure the growth of the national economy of any state. The main institution working with money in the economy are banks. They serve the cash flows of companies in real sector, and also serve as one of the sources of investment for them, which are provided in the form of bank loans. Given that the task of stimulating the growth of the real sector is not only facing the banking system, but also the economy as a whole, the approach to solving it should be comprehensive and systemic. In this regard, it is especially important to develop a list of measures that provide a differentiated approach to the support system for companies in the real sector of the economy. The implementation of such measures should include the active participation of development institutions, and therefore the active participation of banks in the system of implementation of national projects. Particularly important in this regard is the improvement of legislative regulation of issues of interaction between banks and business entities, as well as the development of new financial instruments that contribute to building up the financial potential of the real sector of the economy. The article analyzes the participation of banks in lending to the real sector of the Russian economy, considers the key features of lending to the construction industry. A number of measures are proposed, both at the macro and the micro level, ensuring not only the coherence of the economic interests of companies and banks, but also significantly reducing costs.
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Utama, I. Made Dharma Putra, and I. Made Dana. "PENGARUH DIVIDEN, UTANG, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PROPERTY DI BURSA EFEK INDONESIA (BEI)." E-Jurnal Manajemen Universitas Udayana 8, no. 8 (August 3, 2019): 4927. http://dx.doi.org/10.24843/ejmunud.2019.v08.i08.p08.
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Financial report analysis is conducted to determine the health level of the company. The property and real estate sector is one of the most important sectors in a country. This can be used as an indicator to analyze the economic health of a country. The property and real estate industry is one sector that signals a fall or the development of a country's economy. This indicates that more and more companies engaged in the property and real estate sector indicate the growing economy in Indonesia. This study aims to determine the effect of dividends, debt, and profitability on firm value on Property Companies on the Indonesia Stock Exchange in 2012-2016. Based the results of the analysis that has been done, the results obtained are dividend policy represented by the House of Representatives, the debt policy represented by DER, profitability represented by ROE, get a significant positive result on firm value.
Keyword: DPR, DER, ROE, firm value
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UPENDER, M. "DIFFERENTIAL OUTPUT ELASTICITY OF EMPLOYMENT DURING POST-ECONOMIC REFORM PERIOD IN THE INDIAN ECONOMY." Singapore Economic Review 56, no. 02 (June 2011): 189–202. http://dx.doi.org/10.1142/s0217590811004249.
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This paper investigates the sign and size of the differential output elasticity of employment for different industries in the private and public organized sectors of the Indian economy during post-economic reform period. A logarithmic form of demand function for employment, derived from the constant elasticity of substitution production function is estimated. An interaction variable is introduced after having ensured that the employment function has a structural shift by Chow break test. The results based on the time series data from the period 1969–1970 to 2004–2005, show that the positive magnitude of elasticity of employment with respect to output in transport, storage and communications industry is relatively very high, as the differential output elasticity of employment is not only positive but also more than unity followed by wholesale and retail trade and financing, insurance and real estate industries in the private organized sector during the post-economic reform period. This reflects the fact that the labor absorption capacity in the industries of transport, storage and communications, wholesale and retail, financing, insurance and real estate is relatively high. The magnitude of output elasticity of employment in financing, insurance and real estate is relatively high during the post-economic reform period as the differential output elasticity of employment is relatively small as compared to output elasticity of employment during the pre-economic reform period. The labor absorption capacity in private sector during the post-reform period is found to be relatively high as compared to public sector as the differential employment elasticity during the post-reform period in private sector is low. Further the results for the organized sector as a whole illustrate that the output elasticity of employment during the post-reform period is negative on account of negative differential output elasticity of employment showing that the economic growth during the post-reform period is not labor intensive in the Indian economy. Therefore, there is a need to review the sectoral policies to generate additional employment opportunities in the organised sector of the Indian economy.
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Levina, I. "On the Relationship between the Financial Sector and the Real Economy." Voprosy Ekonomiki, no. 9 (September 20, 2006): 83–102. http://dx.doi.org/10.32609/0042-8736-2006-9-83-102.
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The article presents the results of the research of the decoupling of the financial sector from the real economy. The author examines key theoretical approaches to the analysis of the aforementioned problem emphasizing the main features of this phenomenon and considering the consequences of the decoupling from the point of view of the modern economic development.
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Morkovkin, D. "Modern Tools for Tax Incentives for Industrial Development in Russia in the Context of Sanctions Restrictions." Scientific Research and Development. Economics of the Firm 10, no. 2 (August 6, 2021): 63–69. http://dx.doi.org/10.12737/2306-627x-2021-10-2-63-69.
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Russia's economic policy is aimed at solving the most important task, which is to ensure not only sustainable, but also accelerated socio-economic development, as well as improving the well-being of the population. As a result of the sanctions, the economy of any country loses a large amount of economic resources, motivational factors of development, which subsequently has an adverse impact on the main sectors of the real sector of the economy - industry and agriculture. In order to develop the economy in such conditions, the state seeks to support the most affected industries through the use of various tools that stimulate investment processes, and, as a result, the development of industry within the country. Fiscal and industrial policy play a key role in this. The study identifies and classifies the main instruments of tax incentives for industrial entities. The article highlights the current problems and promising areas of investment support in industry as a key factor in the sustainable development of the real sector of the Russian economy.
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Fulghieri, Paolo, and Matti Suominen. "Corporate Governance, Finance, and the Real Sector." Journal of Financial and Quantitative Analysis 47, no. 6 (November 2, 2012): 1187–214. http://dx.doi.org/10.1017/s0022109012000531.
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AbstractWe present a theory of the linkages between corporate governance, corporate finance, and the real sector of an economy. Using a structural model of industry equilibrium with endogenous entry, we show that poor corporate governance leads to low levels of competition, and to firms with high insider ownership and leverage. In contrast, good corporate governance promotes the adoption of more efficient technologies and development of sectors more exposed to moral hazard. We use our model to study equity market liberalization, and we show that liberalizations facilitate entry and adoption of more productive technologies, especially in countries with good corporate governance.
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Carrasco-Gallego, José A. "Real Estate, Economic Stability and the New Macro-Financial Policies." Sustainability 13, no. 1 (December 29, 2020): 236. http://dx.doi.org/10.3390/su13010236.
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The influence of real estate on finance and the whole economy has captured significant attention, especially since the aftermath of the Great Recession, because of the potential of this sector to destabilize markets. This paper explores the other way around: housing markets’ capacity to stabilize the economy through different macroprudential policies facing several types of shocks to achieve financial stability as a driver of sustainability. Specifically, a dynamic stochastic general equilibrium model is used to evaluate the effectiveness to stabilize the economy of different macroprudential tools based on the loan-to-value ratio for real estate, on the countercyclical capital buffer for the financial sector and a combination of both tools, facing a housing price shock, a technology shock and a financial shock. The model presents three types of agents (borrowers, entrepreneurs and banks) in an economy with a real estate market, a financial sector, a labor market and a production sector. The government can use different macroprudential policies to stabilize the economy, leaning against the wind of several shocks to achieve economic and financial sustainability. The assessment of the effectiveness of each policy shows that, in the case of a housing sector shock and a technology shock, the more effective policy is the one based on a countercyclical rule on the loan-to-value ratio for the real estate sector as a macroprudential tool. Furthermore, with a house price shock, if the macroprudential authority applies a macroprudential policy based on the countercyclical capital buffer, the shock may be exacerbated. Additionally, when there is a financial shock, the macroprudential authority may face a trade-off between several macro-financial policies depending on its objective. Therefore, it is not recommendable to automatically apply a macroprudential policy without a meticulous analysis of the nature of the shock that the economy is experimenting with and how different policies can stabilize or destabilize the different markets and, therefore, reach higher or lower sustainability.
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Shatrovskaya, A. S. "The Increasing Role of the Real Sector in Building a Post-Industrial Economic System." Economics and Management 26, no. 12 (February 10, 2021): 1367–71. http://dx.doi.org/10.35854/1998-1627-2020-12-1367-1371.
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Aim. The presented study aims to examine international experience and current domestic practices to develop scientifically grounded proposals for Russia’s transition towards a post-industrial economic system based on the integration between the real sector and the high-tech services sector in the context of globalization.Tasks. The authors analyze the classical foundations of the post-industrial economic system and develop a mechanism for its formation under modern conditions; determine the key characteristics of the real sector and characterize its relationship with the financial sector and the services sector in the process of building and developing a post-industrial economic system; identify the fundamental problems that hinder Russia’s transition towards a post-industrial economic system; identify the key elements of the modernization of the national economic policy aimed at strengthening innovation susceptibility and transparency, which is an essential prerequisite for the transition towards a postindustrial economic system; justify the need for the formation of a high-tech real sector and its integration with the high-tech services sector within the framework of a systemic production process.Methods. This study critically analyzes the classical concepts of a post-industrial economic system that determines the behavior of economic entities at various levels as well as existing views on the mechanism of its construction. Analytical tools are used to propose a modification of the fundamentals of the transition towards a post-industrial economic system in the context of global competition and economic instability. The related directions of changes in the national economic policy are substantiated and their target function is determined.Results. The study, which is aimed at building a post-industrial economic system, shows the increasing role of the high-tech real sector and its relationship with the high-tech services sector. This allowed the authors to justify the necessity of forming a single conceptual model of the systemic production process that would unite all high-tech sectors of the economy, with the predominant development of the real sector. The implementation of such a model will ensure Russia’s transition towards a post-industrial economic system, taking into account the opportunities and risks introduced by globalization.Conclusions. The prospects for the post-industrial development of the Russian economy and the regulatory role of the government as the manager of post-industrial development on the basis of the increasing role of the real sector are determined.
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Misiūnas, Algimantas. "Changes of Real Estate Sector in Context of Economy Lithuania." Lietuvos statistikos darbai 50, no. 1 (December 20, 2011): 49–57. http://dx.doi.org/10.15388/ljs.2011.13932.
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The paper analyses macroeconomic and financial ratios of Lithuanian enterprises (real estate enterprises) in the periodfrom 1998 to 2010. During the period in question, which was selected consciously and purposefully, Lithuanian economyexperienced two recessions: the first one took place after the Russian crisis 1998, the second one started in 2008, together with theglobal financial crisis. In the period between the two crises, a rapid economic development was observed.The efficiency is assessed using various financial ratios, reflecting various aspects of performance of an economic entity: itscapability to secure income, to perform profitably, to properly manage liabilities, to make proper use of available potential, to avoidjeopardising its further performance. Since no common methodology for the assessment of economic efficiency has been developedyet, it is offered to form an integral aggregate ratio to make possible the intercomparison of economic sectors and to determine thelevel of efficiency based on a set of financial ratios, not on each of them separately.
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Aganbegyan, A. G., N. N. Mikheeva, and G. G. Fetisov. "Modernization of the real sector of the economy: Spatial aspects." Regional Research of Russia 3, no. 4 (October 2013): 309–23. http://dx.doi.org/10.1134/s207997051401002x.
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Mogilat, Anastasia. "FDI Inflows into the Real Sector of the Russian Economy." Problems of Economic Transition 58, no. 11-12 (December 2016): 939–64. http://dx.doi.org/10.1080/10611991.2016.1316092.
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