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The Role of Small and Medium-sized Innovative Enterprises in the Solution of the Import Substitution Task in Oil and Gas-sector Segment of the Russian Fuel and Energy Complex

Author

Listed:
  • Ivan A. Kapitonov

    (Institute of Economy of the Russian Academy of Sciences, 117218, Nakhimovsky Avenue 32, Moscow, Russian Federation,)

  • Vitaly G. Korolev

    (Federal Antimonopoly Service, 125993, Sadovaya-Kudrinskaya Street 11, Moscow, Russian Federation,)

  • Anatolii A. Shadrin

    (Mytischi Branch of Bauman Moscow State Technical University (National Research University), 141005, 1st Institutskaya Street 1, Mytishchi, Moscow Region, Russian Federation,)

  • Aleksei A. Shulus

    (University of Management, 109542, Ryazansky Avenue 99, Moscow, Russian Federation.)

Abstract

Russian Fusion Energy Conference takes leading positions in the field of oil and gas extraction, it is one of five major complexes in coal mining and power generation. Russia s fuel and energy sector is the largest energy complex in the world. This sector employs more than 2 million people, which produce more than 50% of the total gross domestic product of the country. At the same time, small and medium enterprises can play a much more significant role in the development of the Russian economy, especially after the end of the recession and economic restructuring. The government needs to improve approaches in regulation of the sphere of small and medium-sized enterprises to develop their full potential. The authors analyze the measures which should be taken by the Government in order to stimulate the growth of small and medium-sized businesses in Russian fuel and energy complex.

Suggested Citation

  • Ivan A. Kapitonov & Vitaly G. Korolev & Anatolii A. Shadrin & Aleksei A. Shulus, 2017. "The Role of Small and Medium-sized Innovative Enterprises in the Solution of the Import Substitution Task in Oil and Gas-sector Segment of the Russian Fuel and Energy Complex," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 137-145.
    • Handle: RePEc:eco:journ2:2017-03-17
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    Citations

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    Cited by:

    1. Alexander Melnik & Irina Naoumova & Kirill Ermolaev & Jerome Katrichis, 2021. "Driving Innovation through Energy Efficiency: A Russian Regional Analysis," Sustainability, MDPI, vol. 13(9), pages 1-19, April.
    2. Galym B. Teleuyev & Oksana V. Akulich & Marsel A. Kadyrov & Andrey A. Ponomarev & Elnur L. Hasanov, 2017. "Problems of Legal Regulation for Use and Development of Renewable Energy Sources in the Republic of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 296-301.
    3. Guevara, Zeus & Sebastian, Antonio & Carranza Dumon, Fabian, 2022. "Economy-wide impact of conventional development policies in oil-exporting developing countries: The case of Mexico," Energy Policy, Elsevier, vol. 161(C).

    More about this item

    Keywords

    Small Innovative Enterprises; Medium Innovative Enterprises; International Sanctions; Import Substitution; Territorial Clusters;
    All these keywords.

    JEL classification:

    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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