Interdependence of mining industry and industrial sectors in Slovakia

Abstract

Due to globalization, all industrial sectors are mutually connected, which means that the sectors are part of the global economy, influenced by a similar trend. Mining relates to various industrial sectors. The base of mineral raw materials provides in the frame of certain regions the value that is possible to evaluate with optimal use complexly, and by this way profit for the owner, state and mining company, as well as single region is created. The goal of the presented contribution is to search for a position of raw material using in industries and its trend from the view of growth rate, in connection to the growth of other industries with the aim to provide long-term prosperity and contribution of industries to the national economy. Research had been done through growth rate of sales and revenues and one-way analysis of sales trend in analyzed period 2009-2018. The research is supported by initial decline analysis, orientated to the evaluation of positive and negatives of raw material using generally. According to the internal analysis, there are selected sectors directly connected to the mining industry. The results show there is the stable or improving character of the mining industry, which is very similar to industrial production, having influence with other industrial sectors. There is a recorded trend in the growth of individual industries, which varies significantly. The results of the contribution are useful in providing long-term prosperity and contribution of industries to the national economy, providing sustainable economic growth. The contribution is limited to the evaluation of industries growth from the view of sales and revenues, and future research can be extended to the evaluation from the view of market share, etc. Future research can also be extended to other macro-economic indicators, influencing the competitiveness of the mining industry and its sustainable tendency.