ABOUT THE SECTORAL AND TECHNOLOGICAL STRUCTURAL CHANGES NECESSARY FOR THE MODERNIZATION OF THE RUSSIAN ECONOMY
https://doi.org/10.18184/2079-4665.2016.7.3.38.48
Abstract
This paper examines the effect of industry technological and structural changes on economic growth. It uses quantitative methods of structural changes evaluation by way of the Vatnik's proportionality constant as a means to analyze the dynamics of quality of sectoral and technological structures of the economies of Russia and several OECD countries. The comparative analysis shows that both the sectoral and technological structure of Russian economy is far from the optimal balanced structure of the OECD most developed countries' economies. It follows that Russian economy needs fundamental structural reform.
Hence, the paper discusses the need for active industrial policy that can give impetus to the technological modernization of the Russian economy and facilitate its transition to the path of sustainable dynamic growth. The metallurgical, chemical and pharmaceutical industries are identified as priority sectors in industrial manufacturing. The paper analyzes condition and prospects of these industries and formulates medium-term goals of development and modernization, which can become reference points in the formation of a new sector-based industrial policy.
About the Authors
S. A. Akaeva
Center of Fundamental Research of Russia's Economic Development Processes, St. Petersburg State University of Economics, Sankt-Peterburg
Russian Federation
Russian Federation
Akaeva Saadat - Master of business administration, the Project manager in VNESHECONOMBANK of the Russian Federation
V. Sokolov
Center of Fundamental Research of Russia's Economic Development Processes, St. Petersburg State University of Economics, Sankt-Peterburg
Russian Federation
Russian Federation
Sokolov Valentin - Director of the Director CFRREDP
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Review
For citations:
Akaeva S.A., Sokolov V. ABOUT THE SECTORAL AND TECHNOLOGICAL STRUCTURAL CHANGES NECESSARY FOR THE MODERNIZATION OF THE RUSSIAN ECONOMY. MIR (Modernization. Innovation. Research). 2016;7(3(27)):38-48. (In Russ.) https://doi.org/10.18184/2079-4665.2016.7.3.38.48
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