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Improvement of statistical monitoring of investment efficiency in agriculture

Demichev Vadim Vladimirovich PhD Candidate in Economics, Associate Professor at the Department of Statistics and Econometrics Russian State Agrarian University – Moscow Timiryazev Agricultural Academy 49, Timiryazevskaya str., Moscow, 127550 E-mail: vadi.demiche@mail.ru
Maslakova Vesta Vladimirovna Assistant at the Department of Statistics and Econometrics Russian State Agrarian University – Moscow Timiryazev Agricultural Academy 49, Timiryazevskaya str., Moscow, 127550 E-mail: lenora-@mail.ru

This article considers the relevance of accounting and analysis along with economic and non-economic types of investment efficiency, including social, environmental, innovation, and infrastructure efficiency. The key forms of statistical monitoring of investment in agriculture in our country, as well as in the European Union and the United States are presented. This article provides the key changes required to improve the statistical monitoring of investment efficiency in agriculture, including taking into account global trends in economic development.

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The article was received on July 12, 2020

Introduction. The key role of investment is to build up the country's economic potential and ensure economic growth. However, if economic growth does not ensure the social well-being of the majority, negatively affects the environment, and results in the degradation of certain territories, then such economic growth reduces the stability of the economy. The state's investment policy allows prioritizing, forming an urgent agenda in the economy, and achieving the set goals. Direction and ratio of investments also determine what kind of economy we will get in the near, medium, and long term. Increasing the sustainability of the economy in developed countries is implemented through inclusivity and even through the transition to a new type of capitalism ("Stakeholder capitalism") [6]. The main idea is that the company should put the environment, the development of the territories where the business operates, and the owners of this business, on a par with the interests of employees. This is the only way to ensure the company's long-term development prospects, and society as a whole will be able to achieve sustainable development goals by 2030.

There is a point of view that “old school business” destroys the planet and leads to instability of social and ecological systems [7]. Experts of the international economic forum note that it is necessary to effectively manage the three following socio-economic systems to build an environmentally sustainable economy: 1. Food production, land and water management 2. Infrastructure and social environment 3. Energy production and use of natural resources. Thus, in essence, agriculture is given the first place in solving the problems of sustainable development as one of the most important types of economic activity.

To assess and understand the depth of ongoing processes, it is necessary to use improved metrics of progress, but not rely only on the gross domestic product, gross regional product, or gross value added of certain types of economic activity [2] in our conclusions. We should use comprehensive indicators that take into account not only the economic impact but also the impact of investment on solving social, environmental, innovation, and infrastructure problems. This is possible only thanks to modern statistical monitoring that meets the current challenges.

Для Цитирования:
Demichev Vadim Vladimirovich, Maslakova Vesta Vladimirovna, Improvement of statistical monitoring of investment efficiency in agriculture. Бухучет в сельском хозяйстве. 2020;11.
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