CRISIS 2022–...: POTENTIAL SCOPE AND EXPECTED CONSEQUENCES DOI
Alexander Lyakin

Russian Economic Journal, Journal Year: 2022, Volume and Issue: 3, P. 4 - 24

Published: June 20, 2022

This article analyzes the features of current crisis in Russian economy and estimates its impact on upcoming institutional changes nature. The conclusion about potential trajectory downturn is made based comparison external shocks, stabilization policy measures reaction economic agents during this two previous crises. A shock demand, caused by a sharp increase interest rates, triggers rapid fall, necessity solving structural problems will take long time. Changes ties transportation schemes, import substitution development industries important for ensuring sovereignty national economy, lead to period recovery. An inflationary processes analysis has shown that price acceleration, which common recessions Russia, shocks exchange rate pass-through trade prices, being replaced cost-push inflation, requires an adequate change Bank Russia policy. highlights main field employment recession: growth unemployment need large-scale reorientation requalification workers. fundamental direction, due crisis, are highlighted article. For large backbone corporations state regulation be strengthened ensure implementation planning goals, up bringing number target indicators. Industrial becoming focal area managing shifts. Debureaucratization all spheres social life pointed out as most requirement accelerated adaptation new conditions especially small medium-size enterprises.

Language: Английский

Import substitution processesin Russian industry: theoretical and practical aspects DOI Creative Commons
Nikolay M. Tyukavkin, Valeriya Yu. Anisimova

MIR (Modernization Innovation Research), Journal Year: 2023, Volume and Issue: 14(1), P. 43 - 57

Published: April 9, 2023

Purpose: of the work is to study main aspects Russian import substitution in context modern political transformations. Methods: uses a systematic approach, induction-deduction method, method assessments and scientific abstractions, classification systematization, methods information analysis synthesis, statistical data visualization. Results: author's definition term "import substitution" revealed, which differs from rest by focusing on production innovative high-tech products both domestic foreign markets with full support state. The problematic issues hindering development processes reducing effectiveness this process Federation are identified, can be overcome solved if we take into account world experience successful analyze indicators innovation policy economy over past few years. key features as an economic highlighted using share knowledge-intensive industries country's GDP under sanctions. problems also disclosed, well ways solve them based practice substantiated. Possible trajectories state for have been identified. Conclusions Relevance : essence should socio-economic factors, will allow develop steadily industrial spheres. Measures increase competitiveness produced market modernization technological base enterprise, its efficiency emphasis goods that withstand healthy competition increased added value. When implementing policy, it necessary improve complex Russia transition type model.

Language: Английский

Citations

2
CRISIS 2022–...: POTENTIAL SCOPE AND EXPECTED CONSEQUENCES DOI
Alexander Lyakin

Russian Economic Journal, Journal Year: 2022, Volume and Issue: 3, P. 4 - 24

Published: June 20, 2022

This article analyzes the features of current crisis in Russian economy and estimates its impact on upcoming institutional changes nature. The conclusion about potential trajectory downturn is made based comparison external shocks, stabilization policy measures reaction economic agents during this two previous crises. A shock demand, caused by a sharp increase interest rates, triggers rapid fall, necessity solving structural problems will take long time. Changes ties transportation schemes, import substitution development industries important for ensuring sovereignty national economy, lead to period recovery. An inflationary processes analysis has shown that price acceleration, which common recessions Russia, shocks exchange rate pass-through trade prices, being replaced cost-push inflation, requires an adequate change Bank Russia policy. highlights main field employment recession: growth unemployment need large-scale reorientation requalification workers. fundamental direction, due crisis, are highlighted article. For large backbone corporations state regulation be strengthened ensure implementation planning goals, up bringing number target indicators. Industrial becoming focal area managing shifts. Debureaucratization all spheres social life pointed out as most requirement accelerated adaptation new conditions especially small medium-size enterprises.

Language: Английский

Citations

2