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Potential of Integration of Natural Resources into the Market Influence Zone

Author

Listed:
  • Korenyuk Petro

    (D.Sc., Professor, Dniprovsk State Technical University, Kamianske 51918, Ukraine)

  • Sunduk Anatolii

    (D.Sc., Professor, Public Institute “Institute of Environmental Economics and Sustainable Development of NAS of Ukraine”, Kyiv, 01032, Ukraine)

  • Levkovska Liudmila

    (D.Sc., Professor, Public Institute “Institute of Environmental Economics and Sustainable Development of NAS of Ukraine”, Kyiv, 01032, Ukraine)

  • Koreniuk Liudmila

    (PhD (Econ), Dnipropetrovsk National University named after V. Lazaryan, Dnipro, 49010, Ukraine)

  • Zienina-Bilichenko Antonina

    (PhD (Econ), National University of Food Technologies, Kyiv, 01033, Ukraine)

Abstract

The article examines the problems of integration of natural resources into the zone of market influence. The analysis of researches on these questions is carried out, the problem moments are allocated. An algorithm for integrating natural resources into the market environment has been developed, which provides for the natural resource to go through stages with a change in their positions and the formation of market asset features. Possibilities of incorporation of land resources into the market, the potential of business development, and formation of the market of natural resource assets are investigated. The parameters of capitalization of natural resources and the concentration ratio of financial and economic regulation are calculated. Ways to strengthen the potential for integration of natural resources into the market area of influence have been developed. The study showed that to incorporate a natural resource into the area of market influence, it needs to go through several stages, and each of them is characterized by changes in the properties of resources, their gradual interaction with market participants. Even though there is a rather low level of capitalization of natural resources (in particular for land - 12.0%, water - 10.8%), the coefficient of concentration of activity can identify some regions with good opportunities for incorporation. The regions of Ukraine are grouped by the coefficient of concentration of land use activity and four groups of regions with coefficients are calculated: the highest priority by the activity of regulation, high level of concentration, medium and low.

Suggested Citation

  • Korenyuk Petro & Sunduk Anatolii & Levkovska Liudmila & Koreniuk Liudmila & Zienina-Bilichenko Antonina, 2021. "Potential of Integration of Natural Resources into the Market Influence Zone," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 43(3), pages 430-441, September.
    • Handle: RePEc:vrs:mtrbid:v:43:y:2021:i:3:p:430-441:n:3
    DOI: 10.15544/mts.2021.39
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    More about this item

    Keywords

    natural resources; integration; market; algorithm; incorporation; capitalization; regulatory activity;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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