Journal of Applied Economic Research
ISSN 2712-7435
Regional Agro-Industrial Complex in Conditions of Crisis: Intrinsic Determination of Development
Yashalova N.N., Ponedelnik A.A., Sokovnina N.V., Ruban D.A.
Abstract
Economic crises influence negatively all branches of an economy, including agriculture. However, organizations of the latter can react differently to unfavourable environments. Presumably, their financial state worsens if the organizations suffered difficulties in the pre-crisis period. The objective of the present paper is to analyze financial results of the regional agro-industrial complex in the long run as a factor determining their reaction to the conditions of economic turbulence. The iIntrinsic factor is considered, i.e., the factor relevant to the analyzed object itself. This study employs conceptual analysis and multidisciplinary approach. An analysis of the statistical data on the income/loss of agriculture in three federal districts of <st1:country-region w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region> during 2010-2014 is attempted. It is established that the start of the economic turbulence in 2014 influenced differently crop production and livestock in the regions of the Central, Southern, and <st1:place w:st="on">Volga</st1:place> federal districts. Most often losses occurred in the regions of <st1:country-region w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region> where losses also occurred in the pre-crisis period. Consequently, the premise for the worsened financial results amid economic turbulence was formed earlier, and it was linked to permanent or periodic losses. The exceptions from this rule are explained by the influence of the other factors. The possibility of intrinsic causes of the worsened financial results of the regional agro-industrial complex amid economic turbulence is theoretically substantiated. The analysis of the statistical data on the three federal districts of <st1:country-region w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region> proves a big role of this factor, the impact of which is sometimes limited by other factors. It becomes evident that there is a need to mitigate the worsened financial results of agriculture since the beginning of crisis by taking targeted measures in the pre-crisis period within the framework of state-sponsored programs. The attention is also paid to the possibilities of an improvement in the financial results because of innovation processes being implemented in the agrarian sector of the regional economy.
Keywords
intrinsic factor; innovations; livestock; multidisciplinary approach; income; proactive actions; crop production; regional economy; agricultural tourism; losses; economic crisis
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About Authors
Yashalova Natalia Nikolaevna – Doctor of Economics, Associate Professor, Head of Department of Economics and Management, Business-School, Cherepovets State University, Cherepovets, Russia (162600, Vologda Region, Cherepovets, Sovetskiy Avenue, 10); e-mail: natalij2005@mail.ru.
Ponedelnik Alyona Alexandrovna – Master Student, Higher School of Business, Southern Federal University, Rostov-on-Don, Russia (344019, Rostov-on-Don, 23-ja Linija Street, 43); e-mail: alponedelnik@yandex.ru.
Sokovnina Natalia Viktorovna – Candidate of Economic Sciences, Associate Professor, Higher School of Business, Southern Federal University, Rostov-on-Don, Russia (344019, Rostov-on-Don, 23-ja Linija Street, 43); e-mail: nsokovnina@gmail.com.
Ruban Dmitry Aleksandrovitch – Philosophiae Doctor, Candidate of Geological-Mineralogical Sciences, Associate Professor, Higher School of Business, Southern Federal University, Rostov-on-Don, Russia (344019, Rostov-on-Don, 23-ja Linija Street, 43); e-mail: ruban-d@mail.ru.
For citation
Yashalova N.N., Ponedelnik A.A., Sokovnina N.V., Ruban D.A. Regional Agro-Industrial Complex in Conditions of Crisis: Intrinsic Determination of Development. Bulletin of Ural Federal University. Series Economics and Management, 2017, Vol. 16, No. 4, . 575-596. DOI: 10.15826/vestnik.2017.16.4.028
Article info
Received May 28, 2017; Accepted June 16, 2017.
DOI: http://dx.doi.org/DOI: 10.15826/vestnik.2017.16.4.028
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