IDEAS home Printed from https://ideas.repec.org/a/url/izvest/v24y2023i3p91-118.html
   My bibliography  Save this article

Medium-term trends in economic and technological development of metals industry regions

Author

Listed:
  • Daria S. Bents

    (Chelyabinsk State University, Chelyabinsk, Russia)

  • Aleksandr V. Rezepin

    (South Ural State University, Chelyabinsk, Russia)

Abstract

Since metals industry regions are dependent on the location of production resources and infrastructure, as well as have highly capital-intensive production, they usually feature a slowly changing industrial and technological structure of production. In line with the hypothesis of the study, the technological structure of the manufacturing industry determines the differences in their economic development. The study aims to explore the medium-term trends and patterns in economic and technological development of the metals industry regions. The methodological basis of the research is the structural dynamic approach to studying regional economic development. The methods include multivariate data analysis and clustering algorithms, time series estimation and correlation analysis. The study uses the data on large and medium-sized enterprises by types of economic activities for 2006–2021 taken from an information and analytics system FIRA PRO. According to the findings, the Chelyabinsk, Sverdlovsk, Lipetsk, Vologda and Tula oblasts are metals industry regions. The identified medium-term trends in their economic development show different dynamics of input and output indicators of production both by all types of economic activities and in metals industry in particular. The study proves that the dynamics of metals industry regions’ development largely depends on technological characteristics of the manufacturing industry. The results of the research contribute to the understanding of the adaptation mechanisms of regions’ industry to the changing conditions of external environment.

Suggested Citation

  • Daria S. Bents & Aleksandr V. Rezepin, 2023. "Medium-term trends in economic and technological development of metals industry regions," Journal of New Economy, Ural State University of Economics, vol. 24(3), pages 91-118, October.
    • Handle: RePEc:url:izvest:v:24:y:2023:i:3:p:91-118
    DOI: 10.29141/2658-5081-2023-24-3-5
    as

    Download full text from publisher

    File URL: https://jne.usue.ru/images/download/100/5.pdf
    Download Restriction: no
    File URL: https://jne.usue.ru/en/issues-2023/1355
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2658-5081-2023-24-3-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David Bailey & Christos Pitelis & Philip R Tomlinson, 2018. "A place-based developmental regional industrial strategy for sustainable capture of co-created value," Cambridge Journal of Economics, Oxford University Press, vol. 42(6), pages 1521-1542.
    2. Frank Neffke & Martin Henning & Ron Boschma, 2011. "How Do Regions Diversify over Time? Industry Relatedness and the Development of New Growth Paths in Regions," Economic Geography, Clark University, vol. 87(3), pages 237-265, July.
    3. Valentina S. Antonyuk & Elena L. Kornienko, 2022. "Economic development of Russia’s old industrial border regions," Journal of New Economy, Ural State University of Economics, vol. 23(2), pages 45-63, July.
    4. Daria S. Bents, 2022. "Long-term trends in differentiation between regions: Sverdlovsk oblast vs Chelyabinsk oblast," Journal of New Economy, Ural State University of Economics, vol. 23(2), pages 102-124, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marcel Bednarz & Tom Broekel, 2020. "Pulled or pushed? The spatial diffusion of wind energy between local demand and supply [Constructing regional advantage: platform policies based on related variety and differentiated knowledge base," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(4), pages 893-916.
    2. Mikhail Y. Afanasyev & Alexander V. Kudrov, 2021. "Economic Complexity, Embedding Degree and Adjacent Diversity of the Regional Economies," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 17(2), pages 7-22.
    3. Matthias Firgo & Fabian Gabelberger & Andreas Reinstaller & Yvonne Wolfmayr, 2024. "Assessing Regional Production Potential to Strengthen the Security of Supply in Strategic Products," WIFO Working Papers 670, WIFO.
    4. Balland, Pierre-Alexandre & Boschma, Ron, 2022. "Do scientific capabilities in specific domains matter for technological diversification in European regions?," Research Policy, Elsevier, vol. 51(10).
    5. Matthijs J. Janssen, 2015. "Cross-specialization: A New Perspective on Industry Policy," Papers in Evolutionary Economic Geography (PEEG) 1519, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2015.
    6. Martin Andersson & Johan P. Larsson, 2022. "Historical local industry structure, voting patterns and the long-run entrepreneurial character of regions: Swedish examples," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 611-631, December.
    7. Jacob Rubæk Holm & Christian Richter Østergaard, 2018. "The high importance of de-industrialization and job polarization for regional diversification," Papers in Evolutionary Economic Geography (PEEG) 1821, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2018.
    8. Colin Wessendorf & Alexander Kopka & Dirk Fornahl, 2021. "The impact of the six European Key Enabling Technologies (KETs) on regional knowledge creation," Papers in Evolutionary Economic Geography (PEEG) 2127, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2021.
    9. Bahar, Dany & Rosenow, Samuel & Stein, Ernesto & Wagner, Rodrigo, 2019. "Export take-offs and acceleration: Unpacking cross-sector linkages in the evolution of comparative advantage," World Development, Elsevier, vol. 117(C), pages 48-60.
    10. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    11. Yunyao Li & Yanji Ma, 2022. "Research on Industrial Innovation Efficiency and the Influencing Factors of the Old Industrial Base Based on the Lock-In Effect, a Case Study of Jilin Province, China," Sustainability, MDPI, vol. 14(19), pages 1-23, October.
    12. Roberto Antonietti & Ron Boschma, 2021. "Social capital, resilience, and regional diversification in Italy [Social capital, innovation and growth: evidence from Europe]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(3), pages 762-777.
    13. Ellalee, Haider & Alali, Walid Y., 2018. "FDI, Industrial Policy and Employment Impacts on Brexit," MPRA Paper 117507, University Library of Munich, Germany, revised 20 Oct 2018.
    14. Alje van Dam & Koen Frenken, 2019. "Variety, Complexity and Economic Development," Papers 1903.07997, arXiv.org.
    15. Francesca Mameli & Simona Iammarino & Ron Boschma, 2012. "Regional variety and employment growth in Italian labour market areas: services versus manufacturing industries," Papers in Evolutionary Economic Geography (PEEG) 1203, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Feb 2012.
    16. Bogang Jun & Aamena Alshamsi & Jian Gao & Cesar A Hidalgo, 2017. "Relatedness, Knowledge Diffusion, and the Evolution of Bilateral Trade," Papers 1709.05392, arXiv.org.
    17. Raquel Ortega-Argilés, 2022. "The evolution of regional entrepreneurship policies: “no one size fits all”," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 585-610, December.
    18. Diogo Ferraz & Fernanda P. S. Falguera & Enzo B. Mariano & Dominik Hartmann, 2021. "Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review," Sustainability, MDPI, vol. 13(3), pages 1-29, January.
    19. Marte C.W. Solheim & Ron Boschma & Sverre Herstad, 2018. "Related variety, unrelated variety and the novelty content of firm innovation in urban and non-urban locations," Papers in Evolutionary Economic Geography (PEEG) 1836, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2018.
    20. Balland, Pierre-Alexandre & Broekel, Tom & Diodato, Dario & Giuliani, Elisa & Hausmann, Ricardo & O'Clery, Neave & Rigby, David, 2022. "Reprint of The new paradigm of economic complexity," Research Policy, Elsevier, vol. 51(8).

    More about this item

    Keywords

    mono-industrial region; Russia's regions; technological structure; metals industry; manufacturing industry;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics

    Statistics

    Access and download statistics

    Corrections

    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:url:izvest:v:24:y:2023:i:3:p:91-118. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.