Technologies for Increasing Production Efficiency in Industry

The purpose of the research. The purpose of the article is to study the long-term dynamics of changes in the main indicators of production and financial efficiency of industry in the innovation system of the Russian economy and to identify complex factors in the development of the industrial complex. Achieving the goal becomes possible thanks to the solution of scientific problems: assessing the production efficiency of industry in the Russian economy; presentation of an assessment of the financial efficiency of industry in the Russian economy; construction of combined economic and mathematical models of production and financial efficiency of the industry. Results. It has been determined that in the Russian economy there is a trend towards an increase in the production efficiency of industry, which is characterized by such indicators as the level of innovative activity, the share of high-tech products in GDP, the share of R&D costs in GDP; the exception was the labor productivity index, which showed unstable dynamics of changes in 2010-2021 and a decrease relative to the base year of comparison - 2010. In the long term, indicators of the financial efficiency of industry showed an increase, among them: the share of investments in fixed assets in GDP, the profitability of production assets and industrial products sold. The greatest volatility in terms of production and financial efficiency of the industry was characteristic of the profitability of production assets and sold industrial products, as well as for the index of changes in capital-labor ratio. A positive relationship was found between the profitability of industrial goods sold and the return on assets, as well as a negative relationship between the labor productivity index, the share of R&D costs and the share of the high-tech sector in the country’s GDP, which indirectly may indicate an increase in gross value added in the Russian economy, mainly due to the intensive use of physical capital. It is proposed to consider the level of manufacturability and science intensity of production, financial activity, innovation and physical capital as complex factors for increasing the production and financial efficiency of the industry. The conclusions and results obtained in the article can be considered as a basis for improving methodological developments for assessing the production and financial efficiency of multi-level economic systems, which is of great scientific and practical importance for the development of an innovative economy. The analytical material presented in the article and the proposed tools are logical from the standpoint of system analysis in the management of production processes, financial, economic and innovative activities in general.

industry, production efficiency, financial efficiency, innovative economy, science-intensive production, high-tech production, labor productivity, capital-labor ratio