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Technological Dependence on Imports and Prospects for Import Substitution in Russian Industrial Production

Технологическая зависимость от импорта и перспективы импортозамещения в российском промышленном производстве

Olga Berezinskaya and Schelokova, Dina (Щёлокова, Дина) ()
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Schelokova, Dina (Щёлокова, Дина): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The work is devoted to the analysis of the dynamics and characteristics of the dependence of Russian industrial production and the Russian market on imports and the identification of the activity and potential of import substitution in Russian industry. Actuality of work is determined by the scale of the dependence of the production process on the import of various industrial productions Russian economy, conditioned by the developed strategies of their development. With the weakening of the national currency, technological dependence on imports is a risk factor for the production and financial performance of Russian enterprises and at the same time forms a significant potential for import substitution as the most important driver of the growth of the Russian economy in the face of tight foreign trade restrictions. The work contains an analysis of the change in the costs of Russian industrial enterprises and the economy as a whole for imported raw materials, materials, purchased products with the maximum focus for the period of the weakening of the national currency and foreign trade restrictions, the dynamics and scale of the dependence of various industrial productions and the Russian market on imports during periods of strengthening and weakening of the national currency. Additional attention is paid to identifying the directions of import substitution in Russian industrial production. The results obtained in the work are substantial for understanding the dynamics, scale and nature of technological dependence on imports and the prospects for import substitution in Russian industrial production.

Keywords: industrial production; local market; import; import substitution (search for similar items in EconPapers)
Pages: 38 pages
Date: 2018-02
New Economics Papers: this item is included in nep-cis and nep-tra
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