Economic Analysis: Theory and Practice
 

Analyzing the condition of enforcement in the Muslim services market in Russia

Vol. 16, Iss. 10, OCTOBER 2017

Received: 16 August 2017

Received in revised form: 31 August 2017

Accepted: 11 October 2017

Available online: 27 October 2017

Subject Heading: ANALYSIS OF COMPETITIVE ABILITY

JEL Classification: D02, L84, O43

Pages: 1928–1939

https://doi.org/10.24891/ea.16.10.1928

Shovkhalov Sh.A. Siberian Federal University, Krasnoyarsk, Russian Federation shovkhalov.shamil@gmail.com

Importance The growth of the Russian market of Muslim services increases interest in it on the part of academic community and practitioners. Regulation plays the most important role in this sphere due to institutional specifics, which necessitate the analysis of enforcement for effective development of the domestic market. This will predetermine the enhancement of economic stability and national security of Russia.
Objectives The study aims to unveil major areas for improving the regulatory system in the domestic market of Muslim services to ensure its development in the short term.
Methods The study rests on the institutional methodology enabling to assess the influence of various institutes on market players’ economic behavior. I employ general scientific methods of knowledge, like analysis, systematization, deduction, observation, and comparison.
Results The comparative analysis of the condition of enforcement in the Russian market of Muslim services shows imbalances in disintegration of certified organizations and serious shortcomings in the system of voluntary certification of Muslim goods. I offer minimum requirements to production standards for service delivery to the population that will minimize opportunistic behavior of the market players and increase the transparency of operations of relevant infrastructure organizations.
Conclusions The voluntary certification system's improvement will invigorate the development of the Muslim services market and create conditions for solving social and economic problems faced by the State.

Keywords: enforcement, certification, standard, Muslim services market

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