Economic Analysis: Theory and Practice
 

'Live' fixed assets (perennial plantations) as an object of economic analysis

Vol. 16, Iss. 11, NOVEMBER 2017

Received: 5 October 2017

Received in revised form: 16 October 2017

Accepted: 25 October 2017

Available online: 29 November 2017

Subject Heading: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

JEL Classification: Q57

Pages: 2043–2063

https://doi.org/10.24891/ea.16.11.2043

Krupina N.N. Institute of Service, Tourism and Design, Branch of North Caucasus Federal University in Pyatigorsk, Pyatigorsk, Russian Federation krupina_n17@mail.ru

Importance The article discusses financial and economic aspects of special multifunctional 'live' fixed assets, namely, perennial plantations, and examines their function and depreciation, areas of analysis, approaches to their effectiveness assessment, and ways to improve management.
Objectives The purpose of the study is to develop practical proposals on concession agreements to enhance the efficiency of non-commercial landscaping project management.
Methods I employ general scientific methods of generalization, abstraction, systems, structural, comparative, logical, and economic-statistical analysis, tabular and graphical presentation of results.
Results The paper considers approaches to determining the need, calculating the asset value, and assessing the benefits of landscaping. It offers methods to calculate return on assets and a set of indicators for a comparative rapid assessment of infrastructure projects in the system of State support. The findings may be applied in the theory and practice of economic analysis, infrastructure landscaping project management based on the public-private partnership principles.
Conclusions The increasing public demand for ecosystem services, closer attention to urban beautification and redevelopment on the part of State authorities make it possible to justify the expediency and basic aspects of economic analysis of perennial plantations. The understanding of the function, life cycle, depreciation trends, efficiency and effectiveness of usage of specific multifunctional non-commercial 'live' fixed assets will enable their integration into the management accounting system, optimization of capital and operating costs, and multiple-option PPP-based financing of infrastructure projects.

Keywords: fixed asset, perennial plantation, landscaping project, life cycle, concession

References:

  1. Hjältén J., Axelsson E.P., Julkunen-Tiitto R. et al. Innate and Introduced Resistance Traits in Genetically Modified Aspen Trees and Their Effect on Leaf Beetle Feeding. PLoS ONE, 2013, vol. 8, iss. 9. URL: https://doi.org/10.1371/journal.pone.0073819
  2. Dancheva A.V., Zalesov S.V., Mukanov B.M. [The impact of recreational pressure on biometric parameters of the assimilation apparatus of the main stand of pine trees]. Lesnoi vestnik = Forestry Bulletin, 2015, vol. 19, no. 2, pp. 44–50. (In Russ.)
  3. Treshchevskaya E.I., Tikhonova E.N. [Biological productivity tree species in Kursk plantations technogenic landscapes magnetic anomaly]. Lesotekhnicheskii zhurnal = Forestry Engineering Journal, 2015, no. 3, pp. 120–129. (In Russ.)
  4. Chernyavskii V.S., Tyukov M.M. [Modern aspects to define urban green and forest park zone area]. Lesokhozyaistvennaya informatsiya, 2012, no. 1, pp. 10–15. URL: http://lhi.vniilm.ru/index.php/ru/lesoustrojstvo-i-taksatsiya-lesa-str-10-15 (In Russ.)
  5. Medvedeva O.E. [How much is a tree or how to assess the damage caused by destruction or dying of green planting in Moscow]. Lesnoi vestnik = Forestry Bulletin, 1999, no. 2, pp. 97–99. (In Russ.)
  6. Myasnikov A.G., Danchenko M.A. [Calculation and rationale for growing forest crops in sanitary-protective zones of Tomsk petrochemical plant]. Vestnik Tomskogo gosudarstvennogo universiteta = Tomsk State University Journal, 2010, no. 341, pp. 214–217. (In Russ.)
  7. Street Tree Management in Barcelona. Hàbitat Urbà. Ajuntament de Barcelona (Barcelona City Council), 2011, 58 p. URL: http://climate-adapt.eea.europa.eu/metadata/case-studies/barcelona-trees-tempering-the-mediterranean-city-climate/11302624.pdf
  8. Tsybulya N.V., Chindyaeva L.N. [Seasonal variability of the antimicrobial activity of conifers]. Ekologiya urbanizirovannykh territorii = Ecology of Urban Areas, 2015, no. 4, pp. 28–34. (In Russ.)
  9. Il'icheva E.V. [Recognition of environmental liabilities in the accounting records of the enterprise]. Vestnik Chelyabinskogo gosudarstvennogo universiteta = CSU Bulletin, 2008, no. 7, pp. 118–123. (In Russ.)
  10. Panchuk A.A. [Problems and Prospects of Planting of Greenery in Capital Cities of Russia: Economic, Ecological and Social Aspects (by the example of St. Petersburg)]. Vestnik Rossiiskoi akademii estestvennykh nauk = Herald of Russian Academy of Natural Sciences, 2015, no. 19, pp. 48–51. (In Russ.)
  11. Shevyakova N.I., Kuznetsov V.V., Karpachevskii L.O. [Causes and mechanisms of green space destruction under the influence of anthropogenic factors of urban environment and the creation of stress-resistant phytocenoses]. Lesnoi vestnik = Forestry Bulletin, 2000, no. 6, pp. 25–33. (In Russ.)
  12. Gladysheva Yu. [Uneasy reasoning on green areas]. Spravochnik ekonomista, 2004, no. 8, pp. 43–47. (In Russ.)
  13. Ershova T. [Greenery is wanted. Spatial Planning]. Bukhgalterskoe prilozhenie, 2007, no. 15, pp. 18–21. URL: https://www.eg-online.ru/article/57459/ (In Russ.)
  14. Preshkin G.A., Bezrukova T.L. [Approach to measuring the value of landscaped areas on the lands of settlements]. Lesotekhnicheskii zhurnal = Forestry Engineering Journal, 2017, no. 1, pp. 233–240. (In Russ.)
  15. Lukin Yu.N. [Evaluation and compensation of damage from the destruction of green spaces in the city of Chelyabinsk]. Vestnik Chelyabinskogo gosudarstvennogo universiteta = CSU Bulletin, 2008, no. 7, pp. 81–86. (In Russ.)
  16. Chernyshova O.N. [Ground-rent as an estimation base of agricultural land. The economical essence of ground-rent]. Vestnik Tambovskogo universiteta. Ser.: Gumanitarnye nauki = Tambov University Review. Series: Humanities, 2007, iss. 3, pp. 122–126. (In Russ.)
  17. Sagitova A.F. [Directions of regulation of rent mechanism in the Russian economy]. Vestnik Chelyabinskogo gosudarstvennogo universiteta = CSU Bulletin, 2017, no. 2, pp. 65–71. (In Russ.)
  18. Potapova E.V. [Ecosystem services planting area settlements]. Byulleten' nauki i praktiki = Bulletin of Science and Practice, 2016, no. 9, pp. 36–41. URL: http://www.bulletennauki.com/2016-g-vypusk-9 (In Russ.)
  19. Bobylev S.N., Porfir'ev B.N. [Sustainable Development of Largest Cities and Megalopolises: a Factor of Ecosystem Services]. Vestnik Moskovskogo universiteta. Ser. 6: Ekonomika = Moscow University Economics Bulletin, 2016, no. 6, pp. 3–21. (In Russ.)
  20. Anderson L.M., Cordell H.K. Influence of trees on residential property values in Athens, Georgia (USA): A survey based on actual sales prices. Landscape Urban Planning, 1988, vol. 15, iss. 1-2, pp. 153–164. URL: https://doi.org/10.1016/0169-2046(88)90023-0
  21. Rysin S.L., Shapovalova N.V., Chumachenko S.I., Pentel'kina O.S. [Modeling the dynamics of recreational potential of the forest-park plantations]. Lesnoi vestnik = Forestry Bulletin, 2006, no. 2, pp. 13–21. (In Russ.)
  22. McPherson E.G., van Doorn N., de Goede J. Structure, function and value of street trees in California, USA. Urban Forestry and Urban Greening, 2016, vol. 17, pp. 104–115. URL: https://doi.org/10.1016/j.ufug.2016.03.013
  23. Likhomanov O.V., Bubnov D.V. [Monetary valuation of environment protection functions of forests (the case study of forests and forest plantations of the Volgograd region)]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Ser. 3: Ekonomika. Ekologiya = Science Journal of Volgograd State University. Global Economic System, 2012, no. 2, pp. 214–220. (In Russ.)
  24. Kudryavtseva O.V., Nikonorov S.M., Sitkina K.S. [Protected areas in the context of sustainable development: Ecotourism]. Vestnik Moskovskogo universiteta. Ser. 6: Ekonomika = Moscow University Economics Bulletin, 2013, no. 2, pp. 29–45. (In Russ.)
  25. Chernyshenko O.V. [The ability of woody plants to filter dust]. Lesnoi vestnik = Forestry Bulletin, 2012, no. 3, pp. 7–10. (In Russ.)
  26. Kozlov Yu.P., Ivanchuk M.S., Yakubov Kh.G. [Evaluation of the usefulness of urban green spaces]. EKOSinform, 2008, no. 6, pp. 44–46. (In Russ.)
  27. Anisochkin G.V. [Methods to assess the photosynthesizing surface of tree crowns]. Lesnoi vestnik = Forestry Bulletin, 2016, no. 1, pp. 172–175. (In Russ.)
  28. Financing San Francisco's Urban Forest: The Benefits + Costs of a Comprehensive Municipal Street Tree Program, October 2012. URL: http://www.sf-planning.org/ftp/files/plans-and-programs/planning-for-the-city/urban-forest-plan/121029FINAL_REPORT_SF_Urban_Forest_Financing_Report.pdf

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 16, Iss. 11
November 2017

Archive