Forecast of Development of the Dual-Use Industrial Products Market

Author:

Chernova Veronika Yu.1,Degtereva Ekaterina A.2

Affiliation:

1. Department of Marketing, Peoples' Friendship University of Russia, Moscow, Russia, also with Institute of Marketing, State University of Management, Moscow, Russia

2. Department of Marketing, Peoples' Friendship University of Russia, Moscow, Russia

Abstract

The purpose of the research is to analyse the market for dual-use industrial products in Russia and to make a forecast of its development through the example of the machinery and technical products export. The factors that affect the functioning of the dual-use product market are highlighted, including gross domestic product, the volatility index, oil price, and the dollar index. A multiplicative dynamic series decomposition model was used to forecast the export of dual-use machinery and technical products. It has been established that the export of dual-use machinery and technical products is characterised by a decrease in the medium-term forecast period (2020–2024). To intensify market development, priority areas for cooperation and expansion of joint projects in the military-industrial complex have been formulated. The practical significance of the results obtained is the ability to determine the points of innovative growth of the dual-use industrial products market in Russia.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

Reference36 articles.

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2. Batkovsky, A.M., Batkovsky, M.A., & Kravchuk, P.V. (2020). Choice of Options for Diversification of Production of Dual-Use Products. Actual Problems of Modern Economics, 3, 267–279.

3. Bloomberg. (2020a). Chicago Board Options Exchange Volatility Index. Retrieved November 14, 2020, from https://www.bloomberg.com/quote/VIX:IND

4. Bloomberg. (2020b). Retrieved November 14, 2020, from https://www.bloomberg.com/europe

5. Bogomolov, V.A., & Filko, I.V. (2011). Problems of Forecasting the Development of Enterprises in the Rocket and Space Industry. Actual Problems of Aviation and Astronautics, 2(7), 11–12.

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