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Economic Analysis: Theory and Practice
 

Financial results and competitiveness of regional engineering (case study of the Novosibirsk region)

Vol. 8, Iss. 11, APRIL 2009

Available online: 28 September 2009

Subject Heading: Efficiency of regional social and economic development

JEL Classification: 

Lugacheva L.I. Cand. Sc. (Economics), Institute of Economics and Industrial Engineering, Siberian branch of the Russian Academy of Sciences

Musatova М.М. Cand. Sc. (Economics), Institute of Economics and Industrial Engineering, Siberian branch of the Russian Academy of Sciences ;

The article deals with the analysis of financial competitiveness of engineering in the Novosibirsk region. The authors study the dynamics of resultant financial indexation of regional engineering. It shows uncertain tendencies of its development and thus of its low competitiveness rate. The article pinpoint that enterprises are not ready to invest to new technologies even if interested in the end result. Low profitability level made investments to engineering companies unattractive.

Keywords: region, engineering, profitability, dynamics, expenditure, standard, use, capacity, production, depreciation, contribution, solvency

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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