Transformation of the Forest Complex during the Years of Russian Reforms: The Far Eastern Viewpoint

Antonova, Natalia

doi:10.14530/se.2017.3.083-106

Cited by 7 publications

(3 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…На этом фоне показатели России по производству лесоматериалов существенно скромнее: в мировом производстве лесной продукции Россия занимает ведущие позиции лишь в отношении древесных товаров низкой степени переработки. Развитие лесной промышленности в стране сталкивается с рядом структурных проблем, к которым относятся низкая степень переработки древесины, отсутствие транспортной инфраструктуры для лесозаготовок, низкая эффективность лесовосстановительных мероприятий, истощение и ухудшение качества ресурсной базы [1][2][3][4]. В связи с обозначенными проблемами весьма актуальным представляется также вопрос эффективности отраслевых инвестиций [5].…”

Section: Introductionunclassified

See 1 more Smart Citation

Factors of success of priority investment projects in the sphere of forest exploitation in Russia: econometric analysis

Ivantsova

Pyzhev

2022

RusJEL

View full text Add to dashboard Cite

Objective: to identify the factors that determined the success of investment projects in the field of forest development on the basis of available information about the enterprises – applicants for such projects.Methods: regression analysis of binary choice models, logistic regression.Results: the key constraints of the development of the Russian forest sector are identified. The review of the most relevant scientific research on the topic of investments into forest complex is carried out. Taking into account the identified problems and the analysis of the global experience in solving them, the most promising mechanism in this context was identified – that is, state support for investment projects from the priority list in the field of forest development. Based on a sample of 200 projects, a logit regression model was evaluated, which determines the impact of project parameters on the probability of their successful implementation. The hypothesis that there is a statistically significant impact on the success of investment projects was confirmed for a number of factors: the average revenue and average cost of fixed assets of the enterprise, the absence of employees in the organization, the connection of the enterprise with foreign capital and the fact that the enterprise has been unprofitable for the past three years.Scientific novelty: for the first time, estimates were made of the contribution of the forest complex enterprises’ characteristics to the probability of successful implementation of priority investment projects in the field of forest development.Practical signifi : the high predictive ability of the model allows using information about the project success determinants to adjust the mechanism for providing support, which will enable to increase the share of successfully implemented projects and therefore increase the effectiveness of this measure of stimulating investment in the development of the Russian forestry industry.

show abstract

Section: Introductionunclassified

“…Factors of success of priority investment projects in the sphere of forest exploitation in Russia: econometric analysis. Russian Journal of Economics and Law, 16 (2), 315-330 (in Russ.). DOI: http:// dx.doi.org/10.21202/2782-2923.2022.2.315-330…”

mentioning

confidence: 99%

Factors of success of priority investment projects in the sphere of forest exploitation in Russia: econometric analysis

Ivantsova

Pyzhev

2022

RusJEL

View full text Add to dashboard Cite

show abstract

“…Most studies of the Russian forest industry analyze the role of Russian forests as a tool to mitigate the effects of the global climate change [8][9][10], the efficiency of forest management practices [11][12][13][14][15], the comparative advantages in wood products trade [16], the spatial heterogeneity in the timber industry [17,18], specific issues of the timber sector in some particular regions [19][20][21], etc. Due to limited data availability [22], microlevel research on Russian forest economics is occasional.…”

Section: Introduction 1micro-level Analysis Of the Russian Forest Ind...mentioning

confidence: 99%

Social and Economic Importance of Forest Companies in Asian Russia: Evidence from Corporate Financial Reporting

Gordeev

Pyzhev

2022

Forests

View full text Add to dashboard Cite

In contrast with many other sectors of the Russian economy, there is low market concentration in the forest industry and, consequently, a large number of relatively small enterprises scattered throughout the world’s largest country. In many cases, logging or woodworking companies are the only or key employers in sparsely populated areas, making them important sources of the social and economic stability of small towns and rural settlements. In 2022, Russian forest companies faced dramatic barriers to international trade, which led to the suspension of production with the risk of further layoffs. Thus, the issue of social and economic importance of the forest business in Russia has gained additional sounding. This paper aims to estimate the decline in revenues and the number of employees in forestry companies in Asian Russia because of sanctions. Based on corporate accounting reports, we have generated a dataset covering 4675 forest industry companies in Asian Russia. We use quantile regression to estimate the impact of the number of employees on revenue. All companies were divided into quartiles by revenue and into 6 groups by type of economic activity. A significant differentiation of the return on the number of employees depending on the type of activity and the volume of firms’ revenues was found. Estimates of potential losses of companies during labor force reduction were obtained, which would be 1.2%–3.6% of revenue for a company from Q1, 2.2%–6.6% of revenue for Q2 and 2.7%–8.1% of revenue for Q3. The results clearly demonstrate that forest companies might be very interested in retaining a workforce, even if an opportunistic drop in product demand creates a financial shortfall. Policy makers should take this into account when shaping instruments to support the industry.

show abstract

Comparative advantages of Russian forest products on the global market

Gordeev

2020

Forest Policy and Economics

View full text Add to dashboard Cite

Transformation of the Forest Complex during the Years of Russian Reforms: The Far Eastern Viewpoint

Cited by 7 publications

References 0 publications

Factors of success of priority investment projects in the sphere of forest exploitation in Russia: econometric analysis

Factors of success of priority investment projects in the sphere of forest exploitation in Russia: econometric analysis

Social and Economic Importance of Forest Companies in Asian Russia: Evidence from Corporate Financial Reporting

Comparative advantages of Russian forest products on the global market

Contact Info

Product

Resources

About