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Economic Analysis: Theory and Practice
 

Developing the Transactional Industries in Russia: From an Abstract Theory to Reality and Prospects

Vol. 16, Iss. 9, SEPTEMBER 2017

PDF  Article PDF Version

Received: 30 June 2017

Received in revised form: 18 August 2017

Accepted: 29 August 2017

Available online: 29 September 2017

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: B52

Pages: 1600–1615

https://doi.org/10.24891/ea.16.9.1600

Marushchak I.V. Volgograd State University, Volgograd, Russian Federation
marushak_irina79@mail.ru

Importance The article presents a unique quantitative and qualitative assessment of the status of major Russian transactional industries and prospects for their development, subject to social and economic changes in the modern Russian economy. The assessment is held for the first time in the Russian Federation.
Objectives The purpose of the study is to review the present condition of transactional industries and present proposals for enhancing their strategic regulation in Russia.
Methods The study employs elements of institutional, evolutionary, systems, statistical and comparative analysis, and general scientific methods of analysis.
Results I analyze transactional industries' development trends and provide recommendations for improving the statistical support to the service sector. The paper formulates eight main areas of strategic regulation of transactional industries in Russia.
Conclusions The study reveals considerable asynchrony in the development of certain transactional industries, formulates problems of detailed analysis of trends in the transaction sector development. These problems are caused by imperfect gathering and placement of statistical data, excessive generality of the latter, the lack of disaggregated data on certain branches of the sector. The paper underpins the need for strategy development for all transactional industries, emphasizes a combination of an increase in efficiency of State regulation and improvement of mechanisms of self-regulation, taking into account the industry specifics.

Keywords: transactional industries, transaction services, service sector, tertiary industry, strategic regulation

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