Problems of Implementation of an Import Substitution Policy in the Oil Industry

2019 ◽  
pp. 50-57
Author(s):  
Yu. V. Vertakova ◽  
A. S. Evtyukhin
Keyword(s):  
Import Substitution ◽  
Oil Industry ◽  
Investment Climate ◽  
Scientific Publications ◽  
Stage Of Development ◽  
Current Economic Situation ◽  
Negative Effect ◽  
Substitution Policy ◽  
Investment Process ◽  
The Impact

The presented study addresses the issues of implementation of an import substitution policy in the Russian oil industry. Support of domestic production is a key objective specified in the message of the President of the Russian Federation in 2019. In light of the current economic situation and considering the importance of the oil industry for the Russian economy, an import substitution policy could help achieve the objective set by the President.Aim. The study aims to identify the problems and ways of implementation of an import substitution policy in the Russian oil industry.Tasks. The authors analyze scientific publications on import substitution and the state of the Russian oil industry at the current stage of development; determine the directions and fundamental trends in the development of the oil industry; identify obstacles that hinder the implementation of an import substitution policy in the oil industry; describe conditions that facilitate the development of the  investment process in the oil industry; propose comprehensive methods and ways to intensify investments and optimize costs for enterprises in the oil industry.Methods. This study uses general scientific methods of cognition, comparative and statistical analysis to identify problems in the implementation of an import substitution policy in the oil industry.Results. Examination of the current state and development prospects of the oil industry allows the authors to identify obstacles to the development of import substitution. The study shows their impact on the potential of import substitution, which has a negative effect on the prospects of intensification of investment processes, and proposes comprehensive methods and mechanisms that could neutralize the impact of the identified obstacles, thus facilitating the formation of a positive investment climate. Conclusions. Investment climate is shown to have a decisive impact on the potential of import substitution in the Russian oil industry, and ways of overcoming negative trends in the development of the oil industry are proposed.

scholarly journals THE ANALYSIS OF DETERMINANT OF FOREIGN DIRECT INVESTMENT IN INDONESIA

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Etsuco Siomi
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Government Expenditure ◽  
Investment Climate ◽  
European Regions ◽  
Macroeconomic Conditions ◽  
Negative Effect ◽  
The Impact

The analysis results show that changes in macroeconomic conditions such as exchange rate, government expenditure and gross domestic product in Indonesia have a significant effect on foreign direct investment (FDI) Indonesia, while Inflation has a negative effect on foreign direct investment FDI and the monetary crisis has a negative effect on the development of FDI in Indonesia. So that the severe financial crisis in the American and European regions today, the impact on foreign direct investment (FDI) Indonesia is still within the limits of tolerance. Therefore, although there are still problems in the investment climate in Indonesia, the outlook for investment in Indonesia over the next period is still good, although perhaps with the growth of investment slows down.

Investment activity in the Ural Federal District in the context of import substitution

2020 ◽  
Vol 26 (12) ◽  
pp. 2678-2701
Author(s):  
N.V. Krivenko ◽  
A.V. Trynov ◽  
D.S. Epaneshnikova
Keyword(s):  
Economic Activity ◽  
Import Substitution ◽  
Mineral Resources ◽  
Federal District ◽  
High Tech ◽  
Commodity Group ◽  
Investment Activity ◽  
Substitution Policy ◽  
Investment In Fixed Assets ◽  
The Impact

Subject. The article considers the investment activity in the regions of the Ural Federal District. Objectives. We analyze the impact of import substitution policy on investment activity by type of economic activity, using the regions of the Ural Federal District case. Methods. We employed methods of logic, statistical, and structural analysis. Results. We offer our own approach to the study of the impact of import substitution policy on the investment activity of regions. It rests on comparing the dynamics of Russian imports by major commodity group and the dynamics of investment in fixed assets by type of economic activity. The study revealed two trends. First, the development of substitute goods production. Second, the commodity sector development. It was found that in 2013–2019, investments in the sectors of mining and processing of mineral resources demonstrated faster growth. At the same time, investments in the production of import substituting goods did not show a stable positive dynamics. Thus, the enterprises of the Ural Federal District are more focused on the production of traditional export goods; the orientation of the import substitution policy to the domestic market and high-tech exports currently does not give the expected results and is local in nature. Conclusions. The results of the study can be used by Federal and regional authorities to assess the impact of import substitution policies on the investment activity of enterprises.

scholarly journals THE ANALYSIS OF DETERMINANT OF FOREIGN DIRECT INVESTMENT IN INDONESIA

2019 ◽  
Vol 8 (1) ◽  
pp. 50
Author(s):  
Etsuco Siomi ◽  
Wawan Hermawan
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Government Expenditure ◽  
Investment Climate ◽  
European Regions ◽  
Macroeconomic Conditions ◽  
Negative Effect ◽  
The Impact

The analysis results show that changes in macroeconomic conditions such as exchange rate, government expenditure and gross domestic product in Indonesia have a significant effect on foreign direct investment (FDI) Indonesia, while Inflation has a negative effect on foreign direct investment FDI and the monetary crisis has a negative effect on the development of FDI in Indonesia. So that the severe financial crisis in the American and European regions today, the impact on foreign direct investment (FDI) Indonesia is still within the limits of tolerance. Therefore, although there are still problems in the investment climate in Indonesia, the outlook for investment in Indonesia over the next period is still good, although perhaps with the growth of investment slows down.

scholarly journals Classification of threats to the economic security of the oil industry development

2021 ◽  
pp. 148-157
Author(s):  
Andrey V. Lapin ◽  
Keyword(s):  
Sustainable Development ◽  
Oil Industry ◽  
Petroleum Products ◽  
Economic Security ◽  
Operating Conditions ◽  
Legal Analysis ◽  
Scientific Publications ◽  
The Sustainable Development ◽  
Oil Sector ◽  
The Impact

Subject/topic. The article is devoted to the methodology of ensuring the economic security of the oil industry and the sustainable development of the oil and petroleum products market. The subject of the study is the analysis of threats to the industry market and the grounds for their classification. Goals/objectives. Based on the analysis of threats to Russia's economic security in the oil sector, it is possible to identify existing approaches to their classification and justify the need for a systematic approach to the sustainable development of the oil industry, the oil and petroleum products market. Methodology. The methodological basis of the article consists of general scientific methods-synthesis, deduction. In the course of the study of threats to the development of the oil industry, event-based and economic-legal analysis, as well as expert, structural and statistical analysis were applied. Results. The article analyzes various conditions and factors that create the possibility of causing damage to the oil industry of the Russian Federation. Based on expert analysis, available strategic planning documents in the field of ensuring national, economic and energy security, macroeconomic data on the oil and petroleum products market and scientific publications in the field of development of the domestic oil industry, the author's proposals are presented, specifically recommendations for identifying and systematizing threats to the economic security of the oil industry and the sustainable development of the oil and petroleum products market in order to conduct a balanced state policy and implement national interests in relation to the oil industry. Conclusions/significance. The novelty consists in the formulation of the concepts of «threat», «challenge» and «risk» and their distinctive features; in identifying the grounds for classifying threats in the oil sphere of relations. As a result of the study, the grounds for classification were proposed according to the source of the impact, depending on the operating conditions of the oil sector, the nature of the threat, depending on the scope of their implementation, and the scale of the impact of the threats. Application. The results of the study can be applied in practical terms when making managerial decisions by officials of state authorities on the implementation of the state's economic policy for the sustainable development of the oil industry.

scholarly journals Investment legislation and its impact on attracting foreign investments to Sudan During the period 1956-2013: التشريعات الاستثمارية وأثرها في جذب الاستثمارات الأجنبية للسودان خلال الفترة 1956-2013م

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Khaled Abdel Aziz Hassan Mohamed
Keyword(s):  
Negative Impact ◽  
Legal Framework ◽  
Investment Climate ◽  
Economic Sectors ◽  
Foreign Investments ◽  
Investment Rates ◽  
Economic Developments ◽  
Investment Process ◽  
The Impact ◽  
The Relationship

The study examined the investment legislation issued in Sudan during the last period and the impact of attracting foreign investments. The legal framework for investment is one of the most important elements and elements of the attractive investment climate which helps in regulating the relationship between all parties to the investment process. The investment that was issued in Sudan and its effectiveness in attracting foreign investment and guarantees and facilities provided in them and their impact on increasing investment rates. The study dealt with the development of investment legislation in Sudan with its sectoral stages, which focused on issuing a law for investment in a specific sector, and the comprehensive phase of issuing a unified investment law covering all economic sectors, with study of the most important features and facilities provided in the Sudan. The study found that there was instability in the investment laws in the Sudan during the previous period and the convergence of periods of issuance and not keeping pace with local and global economic developments, which had a negative impact in the lack of flow Foreign investments in Sudan over the past years, which reflected negatively on increasing economic development in Sudan rates.

Specifics of the Impact of Sanctions on the Sectoral Development of the Russian Economy

2018 ◽  
Vol 11 (4) ◽  
pp. 44-53
Author(s):  
S. A. Varvus
Keyword(s):  
Agricultural Sector ◽  
Import Substitution ◽  
Value Added ◽  
Development Trend ◽  
Economic Relationships ◽  
Russian Economy ◽  
Reproduction Process ◽  
Substitution Policy ◽  
Sectoral Development ◽  
The Impact

The subject of research is the consequences of the impact of sanctions on a regional economy through the agricultural sector because the imposition of sanctions and the import substitution policy in agriculture have influenced all stages of the reproduction process, being an extra stimulus to the development of the sector. The paper examines the agricultural sector in the light of the import substitution policy and the effects of the first and second orders of sanctions. The purpose of research was to analyze the economic relationships of the largest agro-industrial holdings that are built along the value-added chain and influence the development of the region. The paper concludes that despite the sanctions, the industry is on the rise. However, due to second-order factors (high loan interest, long payback periods, etc.), the dynamic development trend may exhaust itself. Therefore, the state should continue to support the agriculture that has an indirect effect on the socio-economic level of regional development.

scholarly journals Agricultural development as a factor in ensuring import substitution and strengthening the country’s food security

2021 ◽  
Vol 935 (1) ◽  
pp. 012005
Author(s):  
N Zotikov ◽  
A Savderova ◽  
E Lyubovtseva
Keyword(s):  
Food Security ◽  
Crop Production ◽  
Agricultural Development ◽  
Import Substitution ◽  
Animal Husbandry ◽  
Industrial Sector ◽  
Industrial Complex ◽  
Substitution Policy ◽  
The Impact ◽  
Further Development

Abstract The issue of the need to develop agriculture and import substitution has become particularly relevant after the beginning of mass imposing economic sanctions by the West against Russia, as well as a result of oil prices downturn and shortfall of budget revenues from the sale of energy sources. The policy of import substitution affects the areas of the agro-industrial complex to varying degrees. First of all, these measures affect all areas of agricultural production - crop production, animal husbandry and fisheries. In addition, they apply to the final products of the agro-industrial complex, that is, they regulate the food industry, thus affecting the issue of the country’s food security. The purpose of the study is to identify problems in the development of the country’s agriculture based on the study of Russian and international experience, to consider them in a complex, as well as to assess the impact of the import substitution policy on the development of the industry, to propose measures for the further development of the agro-industrial sector aimed at strengthening the country’s food security.

scholarly journals DIRECTIONS FOR THE IMPLEMENTATION OF THE IMPORT SUBSTITUTION POLICY IN THE REPUBLIC OF BASHKORTOSTAN

2020 ◽  
Vol 3 (33) ◽  
pp. 110-115
Author(s):  
E.R. Mamleeva ◽  
◽  
N.V. Trofimova ◽  
M.Yu. Sazykina ◽  
◽  
...  
Keyword(s):  
Import Substitution ◽  
Republic Of Bashkortostan ◽  
Substitution Policy ◽  
The Republic ◽  
The Impact ◽  
Epidemiological Situation

he import substitution policy. The article analyzes the structure of imports and exports of the Republic of Bashkortostan for 2015-2019, reveals the impact of import substitution policies on the volume and structure of exports and imports of the region. The authors proposed the main directions of import substitution in the Republic of Bashkortostan in the following sectors of the economy: agriculture, manufacturing, pharmaceuticals, and tourism. It was noted that in the difficult epidemiological situation associated with the spread of coronavirus, the problems of import substitution in the region are even more relevant.

ANALYSIS OF FOREIGN INVESTMENTS IN THE ECONOMY OF UKRAINE: CURRENT SITUATION AND DIRECTIONS OF OPTIMIZATION

2017 ◽  
Author(s):  
Petro Viblyi ◽  
◽  
Solomiia Papirnyk ◽  
Keyword(s):  
Structural Changes ◽  
Developed Countries ◽  
Special Role ◽  
Investment Climate ◽  
Economic Space ◽  
Doing Business ◽  
The World ◽  
Current Economic Situation ◽  
World Economic ◽  
The Impact

The article provides a detailed analysis of foreign investment in the economy of Ukraine, in particular in terms of types recommended by the methodology of the balance of payments - direct, portfolio and other investments. The main characteristics of each type of investment are highlighted and the most desirable form is highlighted given the current economic situation in the country. The dynamics of the total volume of investments of non-residents in Ukraine with an emphasis on the main crisis periods in both the world and domestic economy is studied. Particular attention is paid to the structure of incoming investment flows on the basis of the country of origin and the ratio of investments from highly developed countries and the so-called offshore zones. The most attractive sectors of the national economy for non-residents are named, and the impact of the distribution of total investments by types of economic activity on Ukraine's position in the world economic space is analyzed. A special role in this study is given to the analysis of Ukraine's position in the ranking of "Doing Business", which is compiled by the World Bank and is a kind of benchmark for investors. The main achievements of Ukraine on the way to the growth of its investment attractiveness are analyzed and the still unresolved problems are highlighted. The main directions for further structural changes in the context of optimizing the investment climate in Ukraine are presented.

scholarly journals BEST PRACTICE APPROACH FOR WASTEWATER MANAGEMENT IN THE EDIBLE OIL INDUSTRY

2019 ◽  
Vol 19 ◽  
pp. 128-132
Author(s):  
K. Stepova ◽  
O. Derun
Keyword(s):  
Pathogenic Bacteria ◽  
Best Practice ◽  
Oil Industry ◽  
Physical Refining ◽  
Edible Oil ◽  
Wastewater Management ◽  
Stage Of Development ◽  
Treated Effluent ◽  
Practice Approach ◽  
The Impact

Abstract. The capacity growth of the edible oil enterprises at the present stage of development leads to the formation of huge amounts of used water, which form the production wastewater. The main pollutants are organic substances, mainly fat. The existing treatment plants are not able to remove them from the water up to the level of sanitary requirements. These pollutants cause the processes of decay, water blooming, infection with pathogenic bacteria and, as a result, adversely affect the fauna and flora. For many enterprises in the industry, proper wastewater treatment is a significant problem. In industry, in order to reduce the amount of water used, and improve the quality and/or quantity of the effluent, it is strongly recommended that a ‘best practice’ approach is adopted, where avoidance of water usage is the most desirable, and disposal of wastewater the least desirable practice. Aim of the study. To propose measures for reducing the impact of edible oil industry on the state of surface wa-ter basing on the Best practice approach. 132 Вісник ЛДУБЖД, №19, 2019  As a result of the studies, the increase of the pollutants content in river water after the wastewater discharge of the edible oil production was revealed. In particular, the content of nitrite, nitrate and ammonium nitrogen, hydrocar-bons, chlorides and sulfates, fats and oils increased; the total iron content increased 10 times. The phosphates, petrole-um products and surfactants were defined.Suggested measures for optimising water efficiency in the edible oil industry include: physical refining, continuous deodorization, cleaning in place, recovery of heat condensates, equipment upgrade, dry clean-up techniques, cooling towers, blowdown wastewater recycling, installation of water meters, education of staff, re-use water, re-use treated effluent.

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