Assessing the Potential of Russia’s Manufacturing Industry

Dilafruz Khikmatullaevna Mukhsimova
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Dilafruz Khikmatullaevna Mukhsimova: Institute for Forecasting and Macroeconomic Research under the Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan, Uzbekistan, Tashkent

Russian Foreign Economic Journal, 2022, issue 10, 70-78

Abstract: The article reveals the relevance of the development and assessment of the manufacturing potential in facilitating economic growth. Methods for assessing the manufacturing industry are considered and the estimates are presented. In this regard, an econometric model was built that reveals the factors influencing its growth, which are: R&D, the rule of law, and trade openness. On the basis of the econometric model an assessment is made taking into account the benchmark countries selected according to the level of their economic and industrial development. The feasibility of achieving the obtained estimates is shown on the example of foreign countries.

Keywords: åconomic growth; manufacturing potential; R&D spending; rule of law; trade openness (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2022_10_70-78

DOI: 10.24412/2072-8042-2022-10-70-78

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