State-owned and multinational enterprises partnership as an import substitution strategy: A narrative ARDL approach to the case of oil contracts in Argentina (1958–1962)

Cruz, Manuel Máximo; Gahn, Santiago José; Morlin, Guilherme Spinato

doi:10.1016/j.strueco.2022.08.006

Cited by 3 publications

(1 citation statement)

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“…The data in Figures 4-8 show that prices for almost all goods are increasing. The presented statistics is relevant for 2023, as today the trend of rising prices remains unchanged due to the imposed sanctions [15,16]. According to the Ministry of Industry and Trade of Russia the following construction materials need import substitution most of all [17,18]:…”

Section: Discussionmentioning

confidence: 99%

Import substitution mechanism for the construction industry in Russia

Panteleeva¹,

Pletneva²

2023

E3S Web Conf.

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This study is important for most states, but especially for Russia in the current political situation. Dependence on foreign goods and services can turn out to be not the best result, as, for example, happened in Russia. One of the most important industries in the country is the construction industry. And it currently requires global import substitution. However, to change the situation, it is necessary to understand that the import substitution process cannot happen instantly. Governments of many countries should work on it comprehensively in order not to come to the situation in which the Russian Federation finds itself. Long-standing principles of exporting goods to foreign markets have shown their failure. The massive sale of raw materials and the purchase of a wide range of goods for various spheres from abroad has greatly weakened the country’s economy. This has led to the need to find new solutions on the part of the state. The author’s import substitution mechanism proposed in the article is universal for the construction industry, as it is a system of managerial decisions that allow to develop the country’s own production systematically and to gradually abandon foreign goods. This mechanism will allow for a timely assessment of the production, economic and technological potential of the industry, taking into account the interaction of state and commercial organizations.

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Section: Discussionmentioning

confidence: 99%