IDEAS home Printed from https://ideas.repec.org/a/url/upravl/v14y2023i1p47-59.html
   My bibliography  Save this article

Sustainable development vs Effective competition: Empirical analysis of industry-specific mechanical engineering markets

Author

Listed:
  • Natalya Yu. Yaroshevich

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Vasily V. Migunov

    (Ural State University of Economics, Ekaterinburg, Russia)

Abstract

In the context of economic sanctions, there emerges an acute problem of finding optimal industry-specific policy mechanisms. Implementation of certain managerial decisions at the industry-specific level is largely dependent on the market development specificities. The study theoretically substantiates and empirically tests the hypothesis that sustainable development of industry-specific markets implies effective competition present in them. The theoretical framework includes the concepts of sustainable development and competition. The research methods are dynamic, statistical and industry analyses. We developed a set of methodological tools that provides for a dynamic complementary assessment of the industry-specific market parameters, namely the sustainabile development and the presence of effective competition. The first parameter was examined using the industry average annual growth rate, the second one – by analyzing the indicators of absolute leadership in costs, turbulence in market shares, and the Bain index. The empirical data of the work was retrieved from 10 industry-specific mechanical engineering markets in the Russian Federation for 2000–2020. The findings indicate a significant differentiation in the field in question: the hypothesis of the study was confirmed only for three industries of mechanical engineering; the rest of the markets are characterized by both unstable growth dynamics and a low level of effective competition. The proposed methodological approach is universal and can be used to analyze other industrial markets.

Suggested Citation

  • Natalya Yu. Yaroshevich & Vasily V. Migunov, 2023. "Sustainable development vs Effective competition: Empirical analysis of industry-specific mechanical engineering markets," Upravlenets, Ural State University of Economics, vol. 14(1), pages 47-59, March.
    • Handle: RePEc:url:upravl:v:14:y:2023:i:1:p:47-59
    DOI: 10.29141/2218-5003-2023-14-1-4
    as

    Download full text from publisher

    File URL: https://upravlenets.usue.ru/images/101/4.pdf
    Download Restriction: no
    File URL: https://upravlenets.usue.ru/en/component/content/article/1209
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2218-5003-2023-14-1-4?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. Hay, Donald, 1993. "The Assessment: Competition Policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 9(2), pages 1-26, Summer.
    2. Schwartzman, David, 1973. "Competition and Efficiency: Comment," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 756-764, May-June.
    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. Jackie Krafft, 2000. "Introduction to the process of competition," Post-Print hal-00212278, HAL.
    2. Ramser, Hans Jürgen, 1975. "Neuere Ansätze in der Theorie der Firma und ihre wettbewerbspolitischen Implikationen," Discussion Papers, Series I 70, University of Konstanz, Department of Economics.
    3. Hoekman, Bernard M. & Mavroidis, Petros C. & DEC, 1994. "Linking competition and trade policies in Central and Eastern European countries," Policy Research Working Paper Series 1346, The World Bank.
    4. Gordon L Clark & Paul Bennett, 2001. "Dutch Sector-Wide Supplementary Pensions: Fund Governance, European Competition Policy, and the Geography of Finance," Environment and Planning A, , vol. 33(1), pages 27-48, January.
    5. Ross C. Singleton, 1997. "Competition Policy For Developing Countries: A Long‐Run, Entry‐Based Approach," Contemporary Economic Policy, Western Economic Association International, vol. 15(2), pages 1-11, April.
    6. Lawrence J. White, 1976. "Appropriate Technology, X-Inefficiency, and a Competitive Environment: Some Evidence from Pakistan," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 575-589.
    7. Javier Campos Méndez & Juan Luis Jiménez González, 2003. "Old and new ideas in Competition Policy," Documentos de trabajo conjunto ULL-ULPGC 2003-06, Facultad de Ciencias Económicas de la ULPGC.

    More about this item

    Keywords

    effective competition; sustainable development; industry-specific markets; industrial markets; mechanical engineering; cost leadership;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    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:upravl:v:14:y:2023:i:1:p:47-59. 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.