IDEAS home Printed from
   My bibliography  Save this article

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


  • Anna A. Dokukina

    () (Plekhanov Russian University of Economics)


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

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Pingle, Mark, 1995. "Imitation versus rationality: An experimental perspective on decision making," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 24(2), pages 281-315.
    2. Schuster, Stephan, 2009. "An Algorithm for the Simulation of Bounded Rational Agents," MPRA Paper 15942, University Library of Munich, Germany.
    3. Herbert A. Simon & Massimo Egidi & Ricardo Viale & Robin Marris, 1992. "Economics, Bounded Rationality and the Cognitive Revolution," Books, Edward Elgar Publishing, number 409, April.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    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


    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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rse:wpaper:v:6:y:2013:i:2:p:86-100. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Manuela Epure). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.