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Problems of Transition to Innovative-Continuous Development of the Russian Economy in Conditions of Forced Import Substitution

Author

Listed:
  • I. E. Frolov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • V. N. Borisov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • N. A. Ganichev

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

— The article presents the results of the first stage of developing the concept of transition to innovative development of the domestic economy in the context of sanctions restrictions imposed on it. It is shown that such restrictions, in addition to the negative impact, also open up the possibility of generating a significant amount of additional demand for domestic engineering products and investment equipment. A preliminary assessment was made of the scale and structure of such potential demand, taking into account the opening of parallel import channels and the development of foreign trade relations with friendly and neutral countries. In addition, the paper presents a methodological scheme for the formation of a new structure of the investment complex, capable of ensuring the realization of this potential through developing import substitution based on domestic technologies.

Suggested Citation

  • I. E. Frolov & V. N. Borisov & N. A. Ganichev, 2023. "Problems of Transition to Innovative-Continuous Development of the Russian Economy in Conditions of Forced Import Substitution," Studies on Russian Economic Development, Springer, vol. 34(4), pages 473-483, August.
    • Handle: RePEc:spr:sorede:v:34:y:2023:i:4:d:10.1134_s1075700723040068
    DOI: 10.1134/S1075700723040068
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    References listed on IDEAS

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    1. Gault, Fred, 2018. "Defining and measuring innovation in all sectors of the economy," Research Policy, Elsevier, vol. 47(3), pages 617-622.
    2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    3. Dheeraj Nimawat & B.D. Gidwani, 2022. "An overview of Industry 4.0 in manufacturing industries," International Journal of Industrial and Systems Engineering, Inderscience Enterprises Ltd, vol. 40(4), pages 415-454.
    4. Kenneth I. Carlaw & Richard G. Lipsey, 2003. "Productivity, Technology and Economic Growth: What is the Relationship?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 457-495, July.
    5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Kapoguzov, E. & Pakhalov, A., 2024. "Technological sovereignty: Conceptual approaches and perceptions by the Russian academic experts," Journal of the New Economic Association, New Economic Association, vol. 64(3), pages 244-250.
    2. D. B. Kuvalin & Yu. V. Zinchenko & Sh. Sh. Ibragimov & A. A. Zaytseva, 2024. "Russian Enterprises in the Spring of 2024: Significant Increase in Investment Activity under Sanctions," Studies on Russian Economic Development, Springer, vol. 35(6), pages 909-919, December.

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