FINANCIAL PERFORMANCE AND TECHNOLOGICAL MODERNIZATION OF RUSSIAN HI-TECHNOLOGY COMPLEX AND THEIR ROLE TO BOOST ECONOMIC GROWTH
Olga B. Koshovets
Pages: 633-640
Published: 29 Aug 2014
Views: 3,263
Downloads: 1,158
Abstract: The government defense order is currently a determining factor on the development of the Russian high-technology production sector and in particular of its core the military-industrial complex. At the same time, high-technology exports remain a second factor contributing to the high-technology sector growth, while civil high-technology production for domestic markets is affected by stagnation due to limited production capacities. As export contracts profitability is much higher than that of the works on the government defense order it is they that are becoming the main source of financing long-term technical re-equipment of Russian high-technology enterprises. However in the long-term perspective, the exports volume will most likely notably decrease. It is appear that the current situation dictates the necessity for the government high-technology sector financing reform to make technological retooling and production capacities growth less dependent on export contracts, as well as to stimulate the development of the domestic market, which is now neglected in favor of export expansion.
Keywords: russian economy, russian hi-technology sector, russian military-industrial sector, russian arms and military equipment export, russian government fina
Cite this article: Olga B. Koshovets. FINANCIAL PERFORMANCE AND TECHNOLOGICAL MODERNIZATION OF RUSSIAN HI-TECHNOLOGY COMPLEX AND THEIR ROLE TO BOOST ECONOMIC GROWTH. Journal of International Scientific Publications: Economy & Business 8, 633-640 (2014). https://www.scientific-publications.net/en/article/1000420/
Back to the contents of the volume
© 2025 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.