Authors : Olga V. Korneiko, Natalia L. Simutina and Nadezhda L. Rogaleva
Abstract: The relevance of the study is determined by the objective need for the formation of a well-thought-out and efficient state policy in the context of a low renewal rate of the Russian fish industry. The fish economy of Primorsky Krai is an effective level of the economic system for activating investments. A comprehensive study of investment activity factors of fisheries enterprises in the region will provide an opportunity to better understand the patterns underlying modern economic processes as well as to develop recommendations on state support for fishery enterprises. In the domestic literature there is a clear deficit of research in this problem field caused by the limited capabilities of existing databases. The methodological basis of the study was heuristic as well as traditional methods of scientific analysis, technical, economic and logical analysis, economic statistics, etc. This study confirms the low and unstable nature of investment activity in Primorsky Krai fisheries. Questioning and in-depth interviewing fishery-specialized entrepreneurs from Primorsky Krai allowed to rank the factors of investment activity in terms of their significance for business entities. It is established that "external" determinants are more important today than "internal" ones. Thus, unfavorable external conditions caused by unstable economy, sanctions against Russia, ineffective exchange rate policy are the main factors that do not allow seriously changing the material and technical potential in the industry, preserving the qualitative and quantitative characteristics of reproduction. Mechanisms for correcting the current investment trend in the fisheries economy are proposed.
Olga V. Korneiko, Natalia L. Simutina and Nadezhda L. Rogaleva, 2019. Factors Affecting Investment Activity of Fisheries in the Region. Journal of Engineering and Applied Sciences, 14: 5078-5083.