Transregional Coordination of Modernization Processes in Implementation of Import-substituting Policy in Russia

V.Yu. Chernova, Z.G. Golodova, E.A. Degtereva, A.M. Zobov and V.S. Starostin

European Research Studies Journal, 2018, vol. XXI, issue 4, 887-898

Abstract: The article presents results of the research on modernization strategies implemented in Russian economy. Authors have identified three dominating approaches: institutional, innovation-technological and import-substituting modernization. They have stated that import-substituting modernization in Russia is ongoing in terms of sanctions, a shortage of investment resources, insufficient home demand and significant regional differentiation. This necessitates strict coordination in modernization processes. To achieve this, authors have proposed a toolkit for transregional coordination in modernization processes to implement import-substituting policies based on integral indicators. Findings confirm that regions, in their efforts to achieve modernization targets, use their potential in a inefficient and counterproductive manner. One might use the developed toolkit as a classifier of regions and sectors of economy by criterion of dynamics in modernization processes, as well as a basis for indicative planning.

Keywords: Import-substituting Modernization; Transregional Coordination (search for similar items in EconPapers)
JEL-codes: O12 O47 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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