Federal Industrial Policy: Basic Models and Russian Practice

Yuri Simachev, Mikhail Kuzyk and E. Pogrebnyak
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E. Pogrebnyak: Vnesheconombank, Moscow, Russia

Journal of the New Economic Association, 2018, vol. 39, issue 3, 146-154

Abstract: The article typologies the Russian industrial policy of the 2000s, discusses major initiatives in this area, as well as changes in the state's approach to the industrial policy. The tendency of the state to implement vertical policy is noted; while horizontal mechanisms are often "verticalized" under the influence of traditional interest groups. The state actively initiates new support measures, especially in crises and at the same time seldom terminates some existing ineffective instruments. In the period under review, the state more often appealed to the policy of catching-up development. In modern conditions, the government is likely to make significant efforts to implement the policy of breakthrough development. For the success of such a policy, it will be necessary to move in time from supporting local achievements of individual companies to creating conditions for the fast spread of new technologies and promising business models. In turn, this requires a transition of state governance from a culture of project management to a culture of quality execution of routines.

Keywords: industrial policy; structural changes; state support; catching-up development; breakthrough development (search for similar items in EconPapers)
JEL-codes: L52 O25 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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