Limited Opportunities for Financing Projects in the Field of Industry 4.0 and Combating Climate Change in the Regions of Russia in the Face of Budget Shortages

Marina V. Karp, Elena L. Gulkova, Margarita S. Orekhova () and Aleksandra F. Leschinskaya
Additional contact information
Marina V. Karp: State University of Management
Elena L. Gulkova: State University of Management
Margarita S. Orekhova: Kuban State Agrarian University named after I.T. Trubilin
Aleksandra F. Leschinskaya: Plekhanov Russian University of Economics

A chapter in Industry 4.0, 2022, pp 181-188 from Springer

Abstract: Abstract Purpose: the purpose of the research is to study the limited possibilities of financing projects in the field of industry 4.0 and the fight against climate change in the regions of Russia in the face of budget shortages amid the pandemic and the COVID-19 crisis, as well as to determine the optimal budget conditions for financing these projects. Design/methodology/approach: in order to determine the most accurate and reliable dependencies of the volume and financing of projects in the field of industry 4.0 and the combat against climate change on the balance of the regional budget, this research is carried out on the basis of two samples of regions of Russia, formed according to the criterion of the regional budget balance in the context of a pandemic and COVID-19 crisis in 2020: with a budget surplus and deficit. Findings: the results of the research showed that the financing of projects in the field of industry 4.0 and the fight against climate change in the regions of Russia, firstly, is significantly determined by the balance of the regional budget. Secondly, it is characterized by various laws: financing of projects in the field of industry 4.0 is scarce both with a deficit and a budget surplus, and financing of projects in the field of combating climate change in the regions of Russia is scarce with a budget deficit and enough with a budget surplus. Originality/value: differences in the conditions of optimal budget balances are justified: with a zero regional budget balance, the point of optimal (deficit-free) financing of these projects is reached, and a confident regional budget surplus forms the zone of optimal financing of climate change projects in the regions of Russia.

Keywords: Limited funding opportunities; Industry projects 4.0; Climate change projects; Regions of Russia; Budget shortages; Pandemic and COVID-19 crisis; Q01; Q51; Q52; Q53; Q54; Q55; Q56; Q57; Q58; O31; O32; O33; O38 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-79496-5_16

Ordering information: This item can be ordered from
http://www.springer.com/9783030794965

DOI: 10.1007/978-3-030-79496-5_16

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().