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Transregional Coordination of Modernization Processes in Implementation of Import-substituting Policy in Russia

Author

Listed:
  • V.Yu. Chernova
  • Z.G. Golodova
  • E.A. Degtereva
  • A.M. Zobov
  • V.S. Starostin

Abstract

The article presents results of the research on modernization strategies implemented in Russian economy. Authors have identified three dominating approaches: institutional, innovation-technological and import-substituting modernization. They have stated that import-substituting modernization in Russia is ongoing in terms of sanctions, a shortage of investment resources, insufficient home demand and significant regional differentiation. This necessitates strict coordination in modernization processes. To achieve this, authors have proposed a toolkit for transregional coordination in modernization processes to implement import-substituting policies based on integral indicators. Findings confirm that regions, in their efforts to achieve modernization targets, use their potential in a inefficient and counterproductive manner. One might use the developed toolkit as a classifier of regions and sectors of economy by criterion of dynamics in modernization processes, as well as a basis for indicative planning.

Suggested Citation

  • V.Yu. Chernova & Z.G. Golodova & E.A. Degtereva & A.M. Zobov & V.S. Starostin, 2018. "Transregional Coordination of Modernization Processes in Implementation of Import-substituting Policy in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 887-898.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:4:p:887-898
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    References listed on IDEAS

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    Cited by:

    1. T.V. Luzina & E.A. Dudareva & E.M. Akhmetshin & V.V. Yankovskaya, 2018. "The International and Legal Framework for Transregionalization of Trade and Economic Cooperation of the BRICS Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 166-176.

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    More about this item

    Keywords

    Import-substituting Modernization; Transregional Coordination;

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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