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National Interests: Priorities and Security
 

Network-based complementary production operations: Economic security and sectoral markets

Vol. 13, Iss. 9, SEPTEMBER 2017

PDF  Article PDF Version

Received: 25 May 2017

Received in revised form: 27 July 2017

Accepted: 15 August 2017

Available online: 2 October 2017

Subject Heading: ECONOMIC SECURITY

JEL Classification: F52

Pages: 1656–1675

https://doi.org/10.24891/ni.13.9.1656

Akberdina V.V. Institute of Economics of Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
akb_vic@mail.ru

Smirnova O.P. Institute of Economics of Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
olysmirnova95@gmail.com

Importance The article explores key elements of economic security, including productive, financial, innovative, investment, social and environmental potential of network-based complementary production operations.
Objectives We formulate the definition of the regional sectoral market, determine key methods for studying and forecasting structural, spatial and timing trends of regional sectoral markets. The article specifies the concept of network-based complementary production operations, analyzes a growth in such production in the economy. We point out basic elements of economic security for network-based complementary production operations, and review how economic security elements influence the integral indicator.
Methods The article overviews the methodology for forecasting structural, spatial and timing trends in sectoral markets, including new and refined methods for analyzing and forecasting complementary production operations, i.e. reproductive, institutional, synergistic approaches.
Results We propose our own definition of regional sectoral market, economic security in network-based complementary production operations, specify the definition of network-based complementary production operations. The article sets out general points of the method for evaluating the efficiency of the sectoral market, assess rates of indicators reflecting the economic security potential of network-based complementary production. Economic security of standalone production can be influenced by changes in the network chain. We assess the extent to which network-based production operations influence the construction industry.
Conclusions and Relevance As the estimated integral indicator of economic security shows, it changes like economic security does in network-based complementary production operations. Hence, economic security of the construction industry will significantly depend on the way complementary sector will develop.

Keywords: economic security, industry 4.0, sectoral market, network interaction

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