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Regional industrial policy and mechanism of its regulation

Author

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  • L. Yu. Filobokova
  • M. M. Vdovichenco

Abstract

One of the constituent elements ofRussia’s national policy is industrial policy, differentiated at the regional level, the effectiveness of which is a synergetic effect from the multiplication of regional effects. The achievement of the effect is ensured by the synthesis of theory and practice of management, in the interests of the development of which the rationale for innovation-oriented industrial policy is given, the basic principles of its implementation (complex and rational clustering) are supplemented, and the mandatory conditions (requirements) are substantiated. The scientifically based model is supplemented by an adaptive management mechanism containing: goals and objectives, methodology, forms and methods, tools. Regional industrial policy is largely determined by the industrial potential and its use, which are considered in interrelation and unity with the evaluation of their effective components. Industrial potential is considered as a synthesis of scientific, economic, technical, institutional, natural-resource potentials that require differentiation, which is provided by the assessment (calculation and measurement) tools based on nonformalized methodological approaches. The effective component of industrial potential management within the framework of the implemented regional industrial policy is considered in the unity of the goals of the strategy of social and economic development of the region.Â

Suggested Citation

  • L. Yu. Filobokova & M. M. Vdovichenco, 2017. "Regional industrial policy and mechanism of its regulation," Russian Journal of Industrial Economics, MISIS, vol. 10(1).
  • Handle: RePEc:ach:journl:y:2017:id:577
    DOI: 10.17073/2072-1633-2017-1-075-081
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