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Digest Finance
 

Commercialization of results of the space activity: Global practices, challenges and promising areas

Vol. 24, Iss. 2, JUNE 2019

PDF  Article PDF Version

Received: 8 June 2018

Received in revised form: 15 June 2018

Accepted: 26 June 2018

Available online: 28 June 2019

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O14, O25, О32, O33

Pages: 135–148

https://doi.org/10.24891/df.24.2.135

Makarov S.V. Central Economics and Mathematics Institute, Russian Academy of Sciences (CEMI RAS), Moscow, Russian Federation
sergei.makarov@gmail.com

ORCID id: not available

Khrustalev O.E. Central Economics and Mathematics Institute, Russian Academy of Sciences (CEMI RAS), Moscow, Russian Federation
stalev777@yandex.ru

ORCID id: not available

Subject The article discusses issues of reducing financial costs incurred by science-intensive and high-tech enterprises to engineer aerospace equipment and cut costs of various space services rendered through satellite technology. To accelerate the advancement of the aerospace production, Russia should reshape the industry by involving private business on an arm length's basis.
Objectives The study examines, adapts foreign practices, develop new comprehensive toolbox for effective integration of State corporations and private business.
Methods The proposed method is based on general scientific principles, comprehensive use of the systems analysis methodology, enhanced expert assessment technique revealing the efficiency and competitiveness of all science-intensive and high-tech enterprises.
Results To make the commercialization of various types of space activity more effective, we typified and classified space services from consumers' perspectives, show the outcome of a comparative analysis of national and international space markets through history and substantiate new form of cooperation between space and on-shore manufacturing sectors. The proposed techniques and tools reveal new trends in the commercialization of space services, effective generation of possible market formation alternatives, promising aspects of demand. They help evaluate their impact on space technologies and reciprocal effects.
Conclusions and Relevance The system studies of the space activity pursue the technological advancement of aerospace systems and more effective governance of Roscosmos entities and global expansion of the position and opportunities of the Russian aerospace industry by involving private businesses and commercializing space services.

Keywords: space activity, commercialization, efficiency evaluation, financial costs, innovative project

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