The Problem of Identifying the Product Boundaries of the Industrial Sector Market in OKVED: an Empirical Approach
DOI:
https://doi.org/10.52575/2687-0932-2022-49-2-308-326Keywords:
industry market, OECD, empirical study, industrial products, product boundariesAbstract
The article deals with the identification of the product boundaries of the industrial market within the OKVED classifier. The methodological basis of the study was the provisions of sectoral market theory in terms of the definition of the sectoral market and the normative approach in terms of comparing methods for defining its product boundaries. The relevance of developing methodological tools for determining the product boundaries of the sectoral market in the context of the OKVED classifier has been substantiated. The proposed method is an implementation of three sequential steps basic on simple comparisons of the total gross revenues of the enterprises forming the appropriate level (subclass, group) of the classifier. The methodology is being tested with 10 OKVED Group C codes "Manufacturing" as an example. The results of the empirical part of the study enabled the product boundaries of the 19 industrial sector markets to be defined quite precisely. The resulting product boundaries correspond to the features of technological differentiation and product mix within the codes in question. The use of the methodology allows the product boundaries of industry markets to be defined quickly, inexpensively and, in most cases, unambiguously within the OKVED classifier. The proposed approach is universal and can also be used to define the product boundaries of the sectoral market within other classes (subclasses and groups) of the activity classifier.
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