ECONOMICS OF STRUCTURE-FORMING ENTERPRISES OF BASIC CHEMISTRY: CURRENT TRENDS AND CHALLENGERS
DOI:
https://doi.org/10.15407/econlaw.2018.03.091Keywords:
chemical industry, basic chemistry, enterprise, manufacture, development factors, neo-industrial transformations, modernizationAbstract
The current trends in the development of basic chemicals industry and its key actors are studied. Based on data from the State Statistics Service of Ukraine the economic situation is shown in this sector of the chemical industry, which is ambiguous. Therefore, the current trends and problems of industrial production are revealed in the article as a result of a detailed analysis of the activities of large enterprises, which produce mineral fertilizers, ammonia synthetic and nitrogen compounds. Using reporting data for 2015-2017 of the six basic chemistry enterprises, the dynamics of their main production, financial and labor indicators is analyzed. As a result of studying macroeconomic, market, institutional and socio-political conditions and features of the development of these enterprises the system-wide and situational factors of their activity were highlighted. Particular attention was paid to the influence of situational factors. The situation is analyzed for each of the six selected enterprises. It is shown that the key subjects of the industry had heterogeneous dynamics of indicators of industrial and commercial activity as a result of the influence of different situational factors. It is proved that the ongoing recovery trend occurs against the backdrop of maintaining systemic imbalances and ambiguous results of the structure-forming enterprises. The high dependence of the major basic chemicals producers’ economy on institutional and other non-economic factors is revealed. We have drawn conclusions about the importance of the sectoral enterprises modernizing in the context of the current world tendencies of innovative development and the designing of business strategies for the neo-industrial leap.
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