“Duck-Rabbit” of industrial park

Daniil Yu. Cherevatsky

Abstract


The "Duck-Rabbit" is a bistable figure created by Joseph Jastrow, which for Thomas Kuhn has become a symbol of paradigm shift typical for scientific revolution. The article is devoted to the changes of perceptions of the investment essence of corporate development of mine field (Corporate Mine Development) which is the prototype of industrial park of underground location. In the 1990s mines of post-Soviet Ukraine were fully state-owned but budget subsidies to enterprises were discontinued. As a result, many mines were left without investment resources, and even without longwall equipment. It happened so at the new mine "Krasnoarmeyskaya-Zapadnaya" No. 1 (Donetsk Region). An original solution was found especially for that enterprise: the part of the state mine was transferred to the ownership of the private firm that possessed its own equipment to extract coal. And "Krasnoarmeyskaya-Zapadnaya" No. 1 as a public enterprise provided the firm with paid services such as transport and hoisting, power supply, ventilation, pumping, care about the personnel, etc. The new form of organization was called Corporate Mine Development. The analysis shows that the essence of the scheme is fundamentally different from the one that has been perceived during decades. Not the firm was the investor of the state enterprise as it was previously considered but the loss-making state mine acted as the investor of the profitable firm. This conclusion is based on the recognition that the long-term and regular tolling relationship between the company and the mine (in terms of transportation, hoisting, etc.) is a tool of informal redistribution and even expropriation of property as it is clear from the theory of recombination of ownership. The disclosure of tolling elements in the relationship of a state-owned coal enterprise and a firm extracting coal in its mine field has allowed classifying the mine as a subject that makes informal capital investments in the firm business. As Corporate Mine Development is a type of industrial park, the result may be useful for understanding the nature of the relationship of the park operating company with companies-participants.

Keywords


"Duck-Rabbit"; industrial park; corporate mine development; private firm; state mine; investment; paradigm shift

Full Text:

PDF

References


Ainpu.com (2015) Association of Industrial Parks - new business opportunities. Retrieved from http://www.ainpu.com.ua/news-0016/ [in Russian].

Segodnya.ua (2016) Experts: industrial parks are a chance for Ukrainian economy. Retrieved from http://www.segodnya.ua/economics/enews/eksperty-industrialnye-parki-shans-dlya-ekonomiki-ukrainy-764781.html [in Russian].

Lukach, R. (2015) For development, Ukraine needs industrial parks in which any investor could quickly and comfortably establish the release of innovative products. Retrieved from http://news.eizvestia.com/news_eco­no­my/full/321-spasti-ukrainskuyu-eko­no­miku-kak-zamanit-investorov-v-ukrainu-ekspert [in Russian].

Amosha, A.I., Kozhushok, O.D., Radchenko, V.V., Halimendikov, E.N., Cherevatskyi, D.Yu., & Yushkov, E.A. (2013) From an industrial enterprise to an industrial park: a paradigm shift on the example of "Pokrovskoe", Econ. promisl., 1-2(57-58), 13-17 [in Russian].

Il'jаshov, M.A., Levit, V.V., & Cherevatskyi, D.Yu. (2015) Three-dimensional industrial parks: definition, features and directions of development. Econ. promisl., 1(69), 74-83 [in Russian].

Zerkalo.mk.ua (2016). Industrial parks: big business - in line for benefits. Retrieved from http://zerkalo.mk.ua/novi­ni/in­dustrialnye-parki-bolshoj-biznes-v-ocheredi-za-lgotami.html [in Russian].

Lb.ua (2016). Behind the "industrial parks" in the law hid mega-corruption and deception, - Tymoshenko. Retrieved from http://lb.ua/news/2016/10/08/347343_industrialnimi_parkami.html [in Russian].

Verkhovna Rada of Ukraine (2013) Law of Ukraine "About Industrial Parks". Vidomosti Verkhovnoyi Rady Ukrayiny, 22, Art. 212 [in Ukrainian].

Filatov, Yu.V., Naumov, Yu.A., Leshinskii, A.A., & Cherevatskyi, D.Yu. (2000). Experience of corporate minefield development. Ugol' Ukrainy. 11, 25-28 [in Russian].

Amosha, A.I., & Mamutov, V.K. (2000). Experience in attracting and using investments for the development of the mine. Ugol' Ukrainy. 11, 14-19 [in Russian].

Amosha, A.I., Il'jаshov, M.A., & Baisarov, L.Yu. (2001) Implementation of conceptual provisions of the doctrine of investment of coal industry enterprises. Ugol' Ukrainy, 8, 9-13 [in Russian].

Kabanov, A.І., Starichenko, L.L. & Cikareva, V.V. (2004). Substantiation of the financial and economic relations of the coal mining enterprise and the investor of the developer of the mining part. Ugol' Ukrainy, 2, 5-10 [in Ukrainian].

Kuhn, T.S. (1970) The Structure of Scientific Revolutions. Chicago: University of Chicago Press, 206 р.

Hubpages.com (2014). Ambiguous Optical Illusions. Retrieved from http://hubpages.com/games-hobbies/optical-illusion-images.

Blaug, M. (2004). The methodology of economic science, or How economists explain. Moscow: SP “Voprosy еkonomiki”, 416 p.

Agroskin, V. (1999). Non-diversified firms and new forms of capital raising. Retrieved from http://www.libertarium.ru/l_lib_nfi [in Russian].

Stark, D. (1996). Recombined property and the birth of Eastern European capitalism. Voprosy еkonomiki, 6, 4-24 [in Russian].

Avdasheva, S.B. (2001). Donovaln in the Russian industry: causes and results of use. Voprosy yеkonomiki, 6, 100-113 [in Russian].

Butyrkin, A.Ja. (2003). Vertical integration and vertical restrictions in industry. Moscow: Editorial URRS [in Russian].

Rifkin, J. (2001) The Age of Access: The new culture of hypercapitalism, where all of life is a Paid-For Expirience. New Jersey: Penguin Putnam.

Gal'chinskii, A.S. (2012). Convergent market - perspective methodology. Economika Ukrayiny, 5, 4-20 [in Russian].

Sagojаn, K. (2006). Modern international strategies of Japanese corporations. Ekonomicheskie strategii, 5/6, 138-142 [in Russian].

Kabanov, A.I., Starichenko, L.L., Cherevatskyi, D.Yu. (2011). Factors and trends determine the structure of the coal industry in the world. Ugol' Ukrainy, 2, 8-13 [in Ukrainian].




DOI: https://doi.org/10.15407/econindustry2016.04.053

Refbacks

  • There are currently no refbacks.