Machining Production of Russia: Structure of Innovations and Export Strategy and Replacement of Import of Machines

DOI: 10.33917/es-6.164.2019.78-89

The purpose of the study is to assess the dynamics of the manufacturing industries in Russia. According to the “structural formula”, the contribution of innovations in various types of activities to the overall dynamics of innovations in manufacturing industries is assessed, which makes it possible to identify the dominant innovations in economic sectors. This approach is useful in order to differentiate the methods of industrial (sectoral) policy, including national projects as an institutional tool for managing the development of the Russian economy, since it identifies those areas that require special incentives for the innovation process. The structure of innovation is heterogeneous, the contribution by different types of activity varies significantly, which indicates the instability of the process of innovative development. Two strategies are considered for the functioning of processing industries: the export of machinery and the substitution of machinery imports. It is shown that these strategies can not be reduced to one another, except for special cases and suggest different possibilities. The parameter of structural independence for the Russian engineering industry has steadily decreased and its dynamics has been stabilized at low values, as shown by the method of phase portraits of the change in this indicator. This suggests that the domestic economy and engineering remain highly dependent on imports of machinery, equipment and technology, and leads to the conclusion that the import substitution policy is not, firstly, sufficient, and secondly, structural internal changes are required in the economy, so that import substitution and the development of export manufacturing industries give a positive systemic result. On the basis of quantitative assessments, a fundamental conclusion was obtained that the import substitution policy itself will certainly not have a high performance (locally limited effect), which it could potentially have when the internal flow of resources changes towards the processing sectors

Relationship Between Development of the Industrial Complex and the Infrastructure Sector in the Region

#4. Until the Thunder Breaks Out
Relationship Between Development of the Industrial Complex and the Infrastructure Sector in the Region

The article proves that industrial enterprises develop most quickly and qualitatively in the presence of modern infrastructure, contributing to reduce time and labor costs. In turn, it is inexpedient to build infrastructure facilities on territories where there are no large industrial companies and their functioning is not expected. Actual examples of interdependent development of industry and the infrastructure sector are given (on the example of the transport sector) and a demonstrative correlation-regression model is constructed.

Structural and Investment Policy

#4. Monument up to the Sky
Structural and Investment Policy

The regular meeting of the Bogomolov Club, held on February 27, 2017 in the RAS Institute for Economic Strategies was dedicated to discussing the issues of structural and investment policy aimed at sustainable growth and modernization of the economy.

State Support of Investment Projects in Industry by the Program of Project Financing

#7. Hysteresis Loop
State Support of Investment Projects in Industry by the Program of Project Financing

Given the recent economic situation in Russia, occurred due to the fall in oil prices and sanctions restrictions it can be concluded that in the foreseeable future, most of Russia’s budget revenues will amount to non-oil revenues. In this connection it is necessary to create conditions for improving competitiveness of the domestic industry and its diversification. This problem cannot be solved without government assistance. The article discusses one of the most important measures of the state support for industrial investment projects implementation — Projects Financing Program (RF Government Resolution of October 11, 2014 № 1044). The article presents detailed specifications, conditions, advantages and disadvantages, as well as results of the Projects Financing Program functioning in 2015. Special attention is paid to describing selection procedures of investment projects and principals with timelines and performance characteristics of each of its stages. Based on the analysis of key aspects of projects selection and funding within the Projects Financing Program a number of recommendations for stakeholders of this process is formulated.

System Foundations of Solving Managerial Problems of Interaction Between Fundamental and Applied Science and Manufacturing Sector as the Main Factor of Russia’s New Industrialization

#2. The Ice Age

The basic trend of world economic development — sustained increase in demand for scientific and technical resources, including innovation.

Russian Economy in 2012-2014: Trends, Analysis, Forecast