National Interests: Priorities and Security

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Evaluating the economic security of sectors of the Russian economy

Vol. 15, Iss. 11, NOVEMBER 2019

Received: 8 July 2019

Received in revised form: 25 July 2019

Accepted: 18 August 2019

Available online: 15 November 2019


JEL Classification: С10, С12, С65

Pages: 2042–2056

Smirnova O.P. Institute of Economics of Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation

Subject The economic security of industries and economic agents is a cornerstone for the national security of any country, since enterprises pay taxes, thus securing fiscal revenues and creating jobs for people. The pay level, purchasing power of people, unemployment and Gross Domestic Product depend on the wellbeing and financial position of the economic agents.
Objectives The study evaluates the economic security of industries (construction sector), selects and identifies factors influencing their economic security. I also review some conceptual aspects of the contemporary economics concerning economic security and unfold the substance of this concept from perspectives of the Russian industries.
Methods The methodological framework provides for data collection and analysis of economic indicators of industries, focusing on the construction sector. I modified traditional ratios, such coverage ratio, activity ratio and profit margin. The research is based on general methods of scientific abstraction, formal and dialectical logic, deduction, induction, analysis, synthesis, empirical data analysis, structural methods of analysis, economic and statistical data analysis, logic and systems approaches.
Results The analysis and the assessment of economic security will help construction companies mitigate their exposure to threats and protect their well-being in a better way.
Conclusions and Relevance The article covers some economic security indicators of industries, illustrating the construction sector, such as profit margin, capacity utilization rate, ratio of man-hour per year to total probable working time, leverage ratio. Conclusions result from the analysis of consolidated financial statistics of the construction sector.

Keywords: economic security, construction complex, threats, risks


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