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Prospects of Russian industrial development on the global market (the case of business aviation industry)

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  • Anna A. Dokukina

    () (Plekhanov Russian University of Economics)

Abstract

The global macroeconomic environment continues to be uncertain with the U.S. economy treading fastidiously on its recovery path, the Euro-zone debt crisis refusing to abate, and the most emerging markets at-tempting to stoke up economic growth momentum with a slight shift in overarching focus from merely combating inflation to adoption of a more balanced approach. The significance of Business Aviation as an important part of national economies and a tool for the progress of entrepreneurship that provides an efficient management of large and medium-sized businesses was recognized by international business community long ago. Under the influence of crisis this sector has been treading cautiously on the recovery path over the recent years. Market participants, including Russian players, in the meanwhile, are working significantly towards building capacity for a potential demand. The paper is devoted to the role of BA as a part of the civil aviation. It deals with the economic recession that had a strong negative impact on the demand for business jets. Pronounced decrease in demand occurred in North America and Western Europe – the two largest geographic markets for business jets – and its disproportional affect on the market of light and medium-sized jets are discussed. Finally, the study concerns opportunities for Russian BA on the Global Market.

Suggested Citation

  • Anna A. Dokukina, 2013. "Prospects of Russian industrial development on the global market (the case of business aviation industry)," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 6(2), pages 86-100, December.
  • Handle: RePEc:rse:wpaper:v:6:y:2013:i:2:p:86-100
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    Cited by:

    1. Anna A. Dokukina, 2016. "Higher Education System Development in Russia. Realization and Criticism," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 12(2), pages 33-42, December.

    More about this item

    Keywords

    global economic challenges; industrial development; business aviation industry; prospects of Russia.;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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