National self-identification developed by megaproject financing methods of the economy

Abstract

Introduction. The article analyzes the interpretations of the concept “megaproject” and proposes the author’s definition of the concept presupposing explicit and implicit beneficiaries and ensuring high-tech products with a high potential for market sales.

Purpose. Based on the results of the regression analysis, the paper draws conclusions and describes the behavior strategies of the explicit and implicit beneficiaries in the megaproject when its results are being registered and after it.

Materials and Methods. Theoretically and methodologically, the paper refers to the works of scientists examining megaprojects. The regression analysis for thirty constituent entities of the Russian Federation made it possible to determine that the indicators of their budget revenues illustrate that cash flows determined by the investment return from the investments in fixed capital go through the budget system with a minimal tax burden.

Results. It has been found that in the analyzed period, the return on investment in fixed assets was determined by the investors’ speculative motives when using financial market instruments under personal guarantees of the heads of the constituent entities of the Russian Federation. At the same time, the applied financial market instruments gave the minimum inflow of taxes into the budget system of the Russian Federation.

Conclusions. In its model, Russia is closer to the continental civilizational type; the balance in the socio-economic relations determined by megaprojects with their maximum contribution to GDP could be achieved when national self-identification is distinctly shaped; national self-identification could only be developed with due regard to the quantitative and structural composition of population.

Keywords: megaproject financing, budget revenue, investment project, organization economic mechanism, financial market, extended reproduction

For citation

Mazhara E. N. National self-identification developed by megaproject financing methods of the economy. Perm University Herald. Economy, 2024, vol. 19, no. 1, pp. 69–84. DOI 10.17072/1994-9960-2024-1-69-84. EDN EIECGB.

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