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Sustainable Import Substitution in Russia: Institutional Conditions and Efficiency Imperatives

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  • E.Yu. Cherkesova
  • D.D. Mironova
  • I.I. Slatvitskaya
  • T.D. Popova

Abstract

The article is devoted to the essence and relevance of import substitution as an effective strategy of Russian economy’s development within the sanctions’ constraint of Western countries.Authors scoped out the institutional features of sustainable import substitution as an object of the study. Authors highlighted the set of objective factors verifying the economic viability of import substitution and potential threats of these measures as well.Authors arranged the evaluation and analytical tools for studying the dependence on imports’ level in the context of certain industries, goods, and spheres of activity. Moreover, authors clarified the pattern for estimating the need for import substitution in a certain business entity, suggested the institutional conditions and determinants facilitating the best performance of import substitution in Russia.Special attention is given to the viability of choosing the appropriate model, developing tools, and mechanisms for implementing a comprehensive program of import substitution in Russia in the context of a multi-level policy including the following ones: enterprise - industry (cluster) – country’s economy.As a result, authors concluded that the policy of preemptive emerging markets-oriented import substitution aimed at improving the global economic security of Russian economy is crucial for a sustainable balanced development.

Suggested Citation

  • E.Yu. Cherkesova & D.D. Mironova & I.I. Slatvitskaya & T.D. Popova, 2018. "Sustainable Import Substitution in Russia: Institutional Conditions and Efficiency Imperatives," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 287-295.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special1:p:287-295
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    File URL: https://www.ersj.eu/dmdocuments/27.MIRONOVA_ICABE_2018_XXI_S1_18.pdf
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    References listed on IDEAS

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    1. E.S. Akopova & N.V. Przhedetskaya, 2016. "Imperative of State in the Process of Establishment of Innovational Economy in the Globalizing World," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 79-85.
    2. Yevgeniy Animitsa & Polina Animitsa, 2015. "Import Substitution in Regional Industrial Production: Theoretical and Practical Aspects," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 160-172.
    3. E.A. Ivanova & M.M. Mackay & T.K. Platonova & N.V. Elagina, 2017. "Theoretical Basis for Composition of Economic Strategy for Industry Development," European Research Studies Journal, European Research Studies Journal, vol. 0(1).
    4. Nataliya Gennadyevna Filatova, 2016. "Effective State Ownership Administration in the Context of the Privatization Process in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 170-187.
    5. Yury Simachev & Mikhail Kuzyk & Nikolay Zudin, 2016. "Import Dependence and Import Substitution in Russian Manufacturing: A Business Viewpoint," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(4), pages 25-45.
    6. Vera I. Menshchikova & Aleksey V. Sayapin, 2016. "Model of Innovation-Oriented State Economic Policy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 189-200.
    7. E.A. Ivanova & M.M. Mackay & T.K. Platonova & N.V. Elagina, 2017. "Theoretical Basis for Composition of Economic Strategy for Industry Development," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 246-256.
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    1. Askar Nailevich Mustafin & Svetlana Nikolaevna Kotenkova & Ivana Kravčáková Vozárová & Rastislav Kotulič, 2022. "Impact of Import Substitution Policy on Economic Growth," Economies, MDPI, vol. 10(12), pages 1-16, December.

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