@article{MAKHILLJEAS201813315520,
    title = {Estimation of the Development Prospects of Construction Sector in the
Russian Economy},
    journal = {Journal of Engineering and Applied Sciences},
    volume = {13},
    number = {3},
    pages = {564-568},
    year = {2018},
    issn = {1816-949x},
    doi = {jeasci.2018.564.568},
    url = {https://makhillpublications.co/view-article.php?issn=1816-949x&doi=jeasci.2018.564.568},
    author = {I.A.,A.G. and},
    keywords = {Construction,perspective,construction industry,economic growth,employment,industrial,production},
    abstract = {The study presents an analysis of the scope of construction industry in the Russian economy and
reveals the decrease of this scope which is due to the actual conditions of the global financial uncertainty and
significant political and economic risks. The reduction of the number of new orders for construction products
from other economic sectors is a priority problem in the construction sector in Russia, the problem which
hinders the investment growth. It has been revealed that the slow industrial development and the decline of
economic growth in trade and services sphere which is due to the latest economic and political events are the
reason for reduction of production costs in construction. This hinders the expansion of construction at the
expense of new units and what is more, blocks the already begun units. The Russian construction companies
are not eager to invest into large-scale projects, preferring the more foreseeable perspective. Other limitations
of the prospective growth of the construction industry, according to the researchers include the monopolistic
position of some construction companies, the excessive administrative barriers as well as the defects in
technical regulation and lack of balance between the Russian construction norms and rules and the international
standards.}
    }