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International Accounting
 

An analysis of regional economy and the search for reserves of the gross-value-added growth in the region

Vol. 19, Iss. 19, OCTOBER 2016

PDF  Article PDF Version

Received: 27 February 2015

Received in revised form: 12 March 2015

Accepted: 6 April 2015

Available online: 18 October 2016

Subject Heading: FINANCIAL ACCOUNTING

JEL Classification: L50, L52, O11, R58

Pages: 48-64

Kazakova N.A. Plekhanov Russian University of Economics, Moscow, Russian Federation
axd_audit@mail.ru

Golubeva G.F. Plekhanov Russian University of Economics, Moscow, Russian Federation
axd_audit@mail.ru

Importance The article deals with the present-day problems of regional economic policies of the Kaliningrad oblast.
Objectives The paper aims to estimate the economic growth and elaborate proposals for improving the gross value added of production in manufacturing activities in the region.
Methods We used the results of statistical and sociological research, qualitative, quantitative and factor analyses, as well as the regulatory and legislative framework that defines the specifics of the region as a special economic zone.
Results We developed and present certain proposals to improve gross value added of products in the manufacturing activities of the Kaliningrad oblast.
Conclusions We concluded that the processing industries are in precarious economic situation and exposed to the strong influence of many factors: currency fluctuations, instability of financial and commodity markets, changing consumer demand, risk of supply of raw materials, materials and components.

Keywords: region, gross value added, competitiveness, socio-economic indexes, special economic zone

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