Export-oriented industrial technologies as drivers of regional economic growth

Yuliya G. Myslyakova and Elena A. Shamova
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Yuliya G. Myslyakova: Ural State University of Economics
Elena A. Shamova: Institute of Economics (Ural branch of RAS)

Journal of New Economy, 2019, vol. 20, issue 2, 166–179

Abstract: The article searches for sources to boost regional economic growth, which is highly significant for building an effective industrial policy for the development of the state. The research proves a scientific hypothesis that in modern economic conditions export-oriented industrial technologies act as drivers of the regional economic growth. The methodological basis of the study rests on a set of theories of economic growth and regional economics. The results of the analysis of the “activating”, “integrating” and “institutional” approaches allowed the authors to revise the concept “driver of economic growth” and propose a classification of the drivers, which was based on the criteria of the sphere of origin; source; method of origin; genesis and level of economic growth. The article identifies priority types of drivers that arise from the development of export activity in the territory. Their impact on economic growth was analysed through econometric modelling. Proceeding from the data on the subjects of the Russian Federation for 2011–2016, the paper unveils empirical scientific evidence that export-oriented industrial technologies generate two most influential impulses for economic growth: growth in the volume of shipments and in tax revenues coming to regions’ consolidated budgets. The authors established that for the observed period, Russian industrial exports were not based on innovation. The practical significance of the study lies in the possibility of applying its findings for devising socioeconomic development strategies of regions of the Russian Federation.

Keywords: region; economic growth; driver of economic growth; export; export-oriented technologies. (search for similar items in EconPapers)
JEL-codes: L51 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:url:izvest:v:20:y:2019:i:2:p:166-179

DOI: 10.29141/2073-1019-2019-20-2-10

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