Structural analysis of national and regional economies against the mobility of tangible assets and the importance of secondary sector

Introduction. No matter how much developed an economy is, it should have its own non-circulating tangible assets (in other words, its fixed assets), as well as labour force who could use these assets for their work. These two factors underlie the notion of a national economy as a sustainable phenomenon. These fixed assets could be heterogeneous and classified by various characteristics, including their mobility. Purpose. The study analyzes the structure of the national and regional economies against the mobility of tangible assets. Materials and Methods. The article offers to divide all fixed assets into three groups: totally immovable, relatively movable, and totally movable assets. The prevalence of one group over the others classifies all the national economies into resource, domain, and mandated economies. Results. Sustainable national economy is dominated by the relatively movable assets over the other two groups of assets taken together. Such a correlation between the groups of assets shows that the territory has its own autonomous social economic systems which promote economic reproduction. This hypothesis was used to group the structures of the fixed assets in Russia, the USA, People’s Republic of China, and some other countries. Conclusions.This grouping of the fixed assets’ structure shows that three sectors are dominated by mineral extraction, construction, real estate operations, transportation and storage, manufacturing. On the whole, the secondary sector prevails in these countries, which seems to be a sign of economy’s health and its sustainability.

Fixed assets, labour, capital, employment, mobility, a factor of production, territory, economy, classification, primary sector, secondary sector, tertiary sector