Perspectives for non-primary export development in Russia and measures of its tax incentives

  • 1356 Views
  • 178 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

Non-primary export is one of the most promising areas for the development of Russian foreign economic activity. However, the significant influence of geopolitical problems and underdeveloped internal mechanisms of statutory regulation, state support and stimulation of non-primary exports in Russia do not allow to use all available potential in this regard. As such, the problems of non-primary export development in Russia are being actualized with a view to ensuring a positive influence of this kind of foreign economic activity both on the welfare of the state as a whole and on strengthening its positions in world markets.
The purpose of the article is to consider the specifics of non-primary export development in Russia and to propose measures to stimulate its growth.
The object of the study is the existing system of non-primary export in Russia with its inherent features and operating principles.
The research methodology is as follows: scientific search, generalization, systematization, analysis, graphical construction, modeling, formalization, and forecasting.
The key research results consist in the systematization of information on Russia’s promising non-primary export industries, the study of the current system of state support for export, the identification of problematic aspects and the search for solutions, and the development and justification of mechanisms for tax incentives for non-primary export, including due to the proposed division of enterprises into target groups depending on the volume of income from their foreign economic activities.
The practical value of the results obtained is that they can be used at the macro level by introducing amendments to the regulatory and legislative acts of the Russian Federation on export regulation in accordance with the results of the grant of the President of the Russian Federation for stimulating and supporting non-primary export.

view full abstract hide full abstract
    • Figure 1. The main existing and promising industries in Russia, manufacturing products, providing services that are exported or can be exported
    • Figure 2. The volume of exports and imports of Russia in the period 2007–2016
    • Figure 3. System of state support for export in Russia
    • Table 1. Differentiation of enterprises engaged in non-primary export
    • Table 2. Proposed measures of tax incentives for non-primary export in Russia
Related Articles

  • Industrial development in Saudi Arabia: disparity in growth and development

    Anis AliORCID doi: http://dx.doi.org/10.21511/ppm.18(2).2020.03
    Problems and Perspectives in Management Volume 18, 2020         Issue #2         pp. 23-35 Views: 3089 Downloads: 1043 TO CITE АНОТАЦІЯ

    Industrial development in any nation plays a vital role in the strengthening of the economy and employs human resources as per specifications and directly towards the mainstream of the nation. In Saudi Arabia, there was rapid industrialization for four decades. Some manufacturing industries performed well, while some internal and external business environment factors influenced the others’ performance. The study focuses on historical development, as well as recent trends of well-performing and poor-performing industries of Saudi Arabia. Small manufacturing industries in Saudi Arabia are underdeveloped and need more attention to attain sustainable and progressive growth rate in the form of the number of establishments to enjoy the potential. Manufacture of tobacco, computer, electronics and optics, pharmaceuticals and transport equipment are the deprived and underdeveloped industries of the manufacturing sector. There should be some easy credit schemes for the development of deprived or underdeveloped manufacturing industries. To attain sustainable growth and development of the manufacturing sector, a positive attitude of the government towards underdeveloped manufacturing industries, favorable labor laws, and entrepreneurial awareness, technical and financial assistance are necessary. The growth and development of the manufacturing sector of Saudi Arabia will be helpful in the attainment of goals of Vision 2030.

  • Travel and tourism: growth potentials and contribution to the GDP of Saudi Arabia

    Anis AliORCID doi: http://dx.doi.org/10.21511/ppm.16(1).2018.39
    Problems and Perspectives in Management Volume 16, 2018         Issue #1         pp. 417-427 Views: 2368 Downloads: 403 TO CITE АНОТАЦІЯ

    Saudi Arabia is well known in the world for the holy places Makkah and Madinah. Hajjis and visitors come to perform hajj and Umrah every year in Makkah and Madinah from all around the world. Hajj and Umrah visits play a vital role in the inbound tourism of Saudi Arabia. The tourism revenue of Kingdom of Saudi Arabia is increasing absolutely but losing its contribution to the GDP proportionately. So, this paper tries to find out the economic activities of all components of tourism sector which are responsible for the negative trend. It also explains the relationships and variability of tourism revenues and expenditures with GDP and offers suggestions to enhance revenue of tourism sector. This study is based upon secondary data obtained from the website of SAMA (Saudi Arabian Monetary Authority) and General Authority for Statistics of Saudi Arabia. In tourism sector of Saudi Arabia, the increasing trend of expenditures of some economic activities is more than its revenue. The increasing trend of expenditures comparatively its revenues lowering contribution of tourism towards GDP. To improve the level of tourism revenue, government has to provide world class facilities and develop new tourist spots and allow the visitors to visit such places according to the Shariah and Kingdom rules. Government has to focus on developing passenger rail transport and other means of transport to connect all the tourist spots to provide easy conveyance, and on improving and developing tourism sector by helping the government and private organizations that are engaged directly or indirectly in providing services to the domestic and inbound tourists to assure more contribution to GDP.

  • Fiscal stimuli and consolidation in emerging market economies

    Igor ChugunovORCID Researcher ID, Mykola PasichnyiORCID Researcher ID doi: http://dx.doi.org/10.21511/imfi.15(4).2018.09
    Investment Management and Financial Innovations Volume 15, 2018         Issue #4         pp. 113-122 Views: 1758 Downloads: 166 TO CITE АНОТАЦІЯ

    The Great Recession has imposed vital limitations on the policy maker’s ability to react to further economic challenges. In this article, the authors set a purpose to assess the expediency and the size of fiscal consolidation or expansionary measures for countries with emerging markets depending on economic dynamics. The data on the episodes of large changes in fiscal policy, representing both fiscal stimuli and consolidation in Ukraine and in the EU countries with emerging market economies from 2001 to 2017, were evaluated. The authors examined the main reasons of fiscal policy’s volatility and its impact on economic growth. The countries with low and medium level of institutional framework for fiscal policy formulation could face permanent deficit and public debt problem. Episodes of expansionary fiscal adjustments based on government revenues cuts and spending increases were more effective compared with those that were entirely based on spending increases. Empirical investigation showed that successful fiscal consolidation measures obligatory included the government primary spending reduction. In those cases, the budget deficit-to-GDP and public debt-to-GDP ratios were declined. Medium-term priorities to develop the methodical bases of fiscal policy design were justified.

Download Preview
Close
Problems and Perspectives in Management
Problems and Perspectives in Management