Authors: O.E. Kalenov, S.N. Kukushkin

Title of the article: Impact of innovation costs on the dynamics of production in extractive industries

Year: 2020, Issue: 3, Pages: 88-96

Branch of knowledge: 08.00.05 Economics and Management of National Economy

Index UDK: 330.341

DOI: 10.26730/2587-5574-2020-3-88-96

Abstract: The role of the extractive industry in the world economy is huge, since its branches are the most important source of industrial raw materials, without which the gigantic growth of modern industry would be absolutely impossible. However, the technologies used in it are not always innovative. Despite the fact that the mining industry occupies a fairly small percentage of the world economy and does not exceed 10%, it is an important source of income for many countries, including Russia. However, the changes currently observed in the world economy require new approaches to the organization of activities. Despite its profitability, this industry is quite difficult to master. The path from the extraction of raw materials to its implementation is very complex and depends on many conditions. To successfully integrate the Russian mining industry into the new economic realities, it is necessary to activate innovative processes by investing in new equipment and knowledge-intensive technologies. At the same time, the acceleration of the development of the extractive industry can be achieved in a combination of "mining industry – processing industry" on the basis of the introduction and use of nanotechnology, which will significantly improve the quality of raw materials.

Key words: innovation activity costs product and process innovations mining industry technologies machinery and equipment

Receiving date: 05.09.2020

Publication date: 15.10.2020

CITE DOWNLOAD