Industrial policy in the Russian Federation: Analysis of tools

Стрижакова, Екатерина; STRIZHAKOV, Dmitrii V.

doi:10.24891/ni.18.8.1420

NIPS

2022

DOI: 10.24891/ni.18.8.1420

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Industrial policy in the Russian Federation: Analysis of tools

Екатерина Стрижакова

Dmitrii V. STRIZHAKOV

Abstract: Subject. The study addresses prospects for the growth of industrial production in Russia in the face of sanctions. Objectives. The purpose is to search for the best way to increase the industrial and financial capacity of Russia’s regions. Methods. We employ general scientific research methods. Results. We considered State programs to support industry, defined the procedure for selecting and evaluating investment projects, proved the necessity of financing the most promising projects from Federal and regional … Show more

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Cited by 3 publications

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Implementation of investment projects under investment protection and promotion agreements: Financial issues

Tyutyukina

Sedash

2022

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Subject. The article addresses financial relations arising from the implementation of Federal Law On Protection and Promotion of Investments in the Russian Federation (FZ-69), as amended. Objectives. The purpose is to identify subjects and objects of financial relations, as well as financial instruments affecting the feasibility of proposed measures of State support to investors during implementation of Investment Protection and Promotion Agreement (IPPA). Methods. We employed general scientific methods of cognition (analysis, generalization, description) and the systems approach to unveil financial and economic relationships between all participants in the process, i.e. Project Implementation Unit (PIU), its counterparties, Public Law Entity (PLE), regulated organizations, and other entities. Results. We determined subjects and objects of financial relationships arising from the IPPA implementation, systematized financial instruments and considered the specifics of their application during the IPPA implementation, identified financial effects from using a stabilization clause and legislation on taxes and fees, examined the impact of amendments to the said law. Conclusions. The findings can be used by subjects of financial relations (in particular, the PIU, creditors, regulated organizations, the PLE) to justify the IPPA feasibility. The proposed recommendations (on discounting the reimbursable costs for creation of related infrastructure facilities, on real damage caused to PIU and losses of PLE, etc.) can be taken into account when making subsequent changes to the current legislation on investment protection and promotion.

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Implementation of investment projects under investment protection and promotion agreements: Financial issues

Tyutyukina

Sedash

2022

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Factories of the future: A condition for the technological development of industry

STRIZHAKOV,

STRIZHAKOVA

2024

NIPS

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Subject. This article discusses the issues related to the spread of information technologies and the development of the concept of Industry 4.0. Objectives. The article aims to assess the prospects for the digital transformation of industrial enterprises, and determine the stages of formation of the factory of the future. Methods. For the study, we used the general scientific research methods. Results. The article describes the process of creating factories of the future, which includes several stages, and the main advantages of a virtual factory. Conclusions and Relevance. In the process of shaping the factories of the future, it is important to take advantage of outsourcing and cooperation opportunities. The results of the study can be used in the process of adjusting and implementing digital transformation programmes for the Russian industry.

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Development of Russia’s industry: Some regularities and prospects

Sukharev

2024

Journal of New Economy

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Industry is the substratum of material production and the economy as a whole. Numerous discussions about the need for new industrialisation make us turn again to the analysis of the state of industrial potential and results of industrial development in Russia. The study aims to explain the performance of the Russian industry in terms of the most relevant and aggregated indicators characterising its functioning, and to formulate its long-term development tasks. The methodological basis of the study is the theory of industrial development. Methods of planning and industrial analysis are used. The evidence is the data for 2012–2022 retrieved from the Federal State Statistics Service of the Russian Federation and the Unified Interdepartmental Statistical Information System. The research concludes about the ‘contracted’ development of the Russian industry. The growth rate of the gross value added is more significantly impacted by the dynamics of fixed capital rather than that of labour. Yet the labour contributed greatly to the creation of the new value, which indicates the predominance of labour-intensive technologies, or obsolete capital-intensive technologies. The study empirically confirms that some periods saw a ‘paradox of rapid industrialisation’, that is, a substantially lower rate of economic growth against a higher growth of industry and modernisation of its fixed assets. The general conclusion is that when conducting industrial policy, it is necessary to influence the state of the labour and capital factors in the manufacturing sectors. The industrialisation of the Russian economy needs to be oriented towards the technological substitution through the creation of new fixed assets; in addition, the losses of greatly reduced labour potential should be compensated. A promising avenue is the organisation of analytical planning for the state-owned industry and indicative planning for private industries along with the adoption of a law on the state sector.

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Industrial policy in the Russian Federation: Analysis of tools

Cited by 3 publications

References 13 publications

Implementation of investment projects under investment protection and promotion agreements: Financial issues

Implementation of investment projects under investment protection and promotion agreements: Financial issues

Factories of the future: A condition for the technological development of industry

Development of Russia’s industry: Some regularities and prospects

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