Modern trends in the development of the economy of the Republic of Crimea

Ekaterina Nalivaychenko; Svetlana Kirilchuk

doi:doi:10.12737/2587-9111-2023-11-1-34-42

UDC 332.12

Modern trends in the development of the economy of the Republic of Crimea

Published в Scientific Research and Development. Economics · Volume 11, Issue 1, 2023 · Pages 34–42 · Rubrics: Regional and sectoral economy

DOI 10.12737/2587-9111-2023-11-1-34-42

Received: 25.10.2022 Accepted: 28.02.2023 Published: 28.02.2023

Authors

Ekaterina Nalivaychenko ¹ iD · Svetlana Kirilchuk ² iD

1 V.I. Vernadsky Crimean Federal University (Department of Enterprise Economics, Institute of Economics and Management, professor)
from 01.01.2006 until now Simferopol, Simferopol, Russian Federation

2 V.I. Vernadsky Crimean Federal University (Department of Enterprise Economics, Institute of Economics and Management, head of the department)
Simferopol, Simferopol, Russian Federation

ABSTRACT

Based on the analysis of the dynamics of the gross regional product (GRP) production, the GRP structure and the GRP volume index of the Republic of Crimea, positive and negative aspects of the development of the region's economy have been identified. The tendency of the region's transition to the post-industrial stage of development has been established; a decrease in the share of the raw materials sector and energy in the total volume of investments in fixed assets – industries of previous technological structures, and an increase in the share of funds invested in modern branches of the "new economy", which provide recreational and tourist specialization of the Crimea: activities of hotels and catering enterprises; activities in the field of health and social services. The mapping of economic sectors (types of economic activity) of the Republic of Crimea on the basis of signs of competitiveness and technological effectiveness, dynamics of investments and profits, growth of labor productivity and nominal accrued wages of employees allowed us to substantiate the main trends in the development of the economy of the Republic of Crimea and to identify the growth sectors of the regional economy: construction; real estate operations; wholesale and retail trade; repair of motor vehicles and motorcycles, as well as types of economic activities representing creative industries of the economy based on the production of goods and services through creative activity and management of intellectual property rights. As trends in need of refraction there are highlighted a decrease in the share of the economy of activities in the field of health and social services; education; activities in the field of information and communication; activities in the field of culture, sports, leisure and entertainment; insufficient efficiency of transport development and low share of fixed capital investments in manufacturing industries.

KEYWORDS

economy of the Republic of Crimea mapping branches of regional economic growth post-industrial stage creative economy

Information References

Authors:

1. V.I. Vernadsky Crimean Federal University (Department of Enterprise Economics, Institute of Economics and Management, professor)
from 01.01.2006 until now
Simferopol, Simferopol, Russian Federation

2. V.I. Vernadsky Crimean Federal University (Department of Enterprise Economics, Institute of Economics and Management, head of the department)

Simferopol, Simferopol, Russian Federation

Type:

Article

Pages:

from 34 to 42

Status:

Published

Subject area:

UDC 332.12

Language:

Russian

Keywords:

economy of the Republic of Crimea, mapping, branches of regional economic growth, post-industrial stage, creative economy

Funding

This study was financially supported by the Ministry of Science and Higher Education of the Russian Federation, Priority-2030 program N 075-15-2021-1323.

References

1. The Law of the Republic of Crimea dated 09.01.2017 № 352-ZRK/2017 “About the Strategy of Socio-Economic Development of the Republic of Crimea until 2030” (in Russian).

2. Kartirovanie otraslej promyshlennosti. ANO “Institut problem estestvennyh monopolij” (Mapping industries. ANO “Institute of Problems of Natural Monopolies”). Available at: http://www.ipem.ru/research/cross_industry/industry_works/39.html (accessed 6 July 2022).

3. Respublika Krym. Oficial'naya statistika. Upravlenie Federal'noj sluzhby gosudarstvennoj statistiki po Respublike Krym i g. Sevastopolyu (The Republic of Crimea. Official statistics. Department of the Federal State Statistics Service for the Republic of Crimea and Sevastopol). Available at: https://crimea.gks.ru/folder/27402 (accessed 4 July 2022).

4. Pokazateli, harakterizuyushchie imushchestvennoe i finansovoe polozhenie organizacij. Edinaya mezhvedomstvennaya informacionno-statisticheskaya sistema (EMISS) (Indicators characterizing the property and financial situation of organizations. Unified Interdepartmental Information and Statistical System (UIISS)). Available at: https://fedstat.ru/organizations/ (accessed 6 July 2022).

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