Study of the Profit Distribution Dynamics of Mining and Manufacturing Enterprises in Russia in the Imperatives of Industrial Changes

Abstract

Dynamic transformations in the economic, technological, social and political contours of global development adds a number of weighty arguments in favor of industrial changes in the domestic economy, involving the development of its own production potential. The purpose of this article is to study the relationship between the dynamics of profit distribution and the affiliation of enterprises in the industrial sector of the economy to various technological groups of industries and forms of ownership. The authors formulate a hypothesis that in the context of industrial changes at the present stage of economic development, the distribution of profitability of companies in the industrial sector implies more intensive structural shifts in the manufacturing industries, mainly in the high-tech sector. The methodology used in this study makes it possible to identify key structural asymmetries in the process of industrial changes in the Russian economy, including in the system of distribution of ownership of capital between state and private companies. To do this, the article uses data on the profit of industrial companies before tax and net profit presented in SPARK for 225,148 privately owned companies, as well as 1,178 state-owned companies for the period from 2011 to 2020. The authors formulate a conclusion about the dominant role of profit in the process of structural inertia of industrial changes in the national economy under conditions of limited invariance. Unlike previous studies, the article proves the presence of features in the distribution of profitability of industrial sectors of various technological groups, as well as the relationship between the form of ownership, net profit and the level of manufacturability of production. The theoretical significance of the study lies in supplementing the main provisions of the theory of industrial development of the economy, including the development of theoretical foundations for assessing the key parameters of the development of industries. The practical significance of the results obtained in the study is determined by the possibility of their application in the system of state incentives for the development of high-tech industries.