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Export-oriented industrial technologies as drivers of regional economic growth

Author

Listed:
  • Yuliya G. Myslyakova

    (Ural State University of Economics)

  • Elena A. Shamova

    (Institute of Economics (Ural branch of RAS))

Abstract

The article searches for sources to boost regional economic growth, which is highly significant for building an effective industrial policy for the development of the state. The research proves a scientific hypothesis that in modern economic conditions export-oriented industrial technologies act as drivers of the regional economic growth. The methodological basis of the study rests on a set of theories of economic growth and regional economics. The results of the analysis of the “activating”, “integrating” and “institutional” approaches allowed the authors to revise the concept “driver of economic growth” and propose a classification of the drivers, which was based on the criteria of the sphere of origin; source; method of origin; genesis and level of economic growth. The article identifies priority types of drivers that arise from the development of export activity in the territory. Their impact on economic growth was analysed through econometric modelling. Proceeding from the data on the subjects of the Russian Federation for 2011–2016, the paper unveils empirical scientific evidence that export-oriented industrial technologies generate two most influential impulses for economic growth: growth in the volume of shipments and in tax revenues coming to regions’ consolidated budgets. The authors established that for the observed period, Russian industrial exports were not based on innovation. The practical significance of the study lies in the possibility of applying its findings for devising socioeconomic development strategies of regions of the Russian Federation.

Suggested Citation

  • Yuliya G. Myslyakova & Elena A. Shamova, 2019. "Export-oriented industrial technologies as drivers of regional economic growth," Journal of New Economy, Ural State University of Economics, vol. 20(2), pages 166-179, May.
    • Handle: RePEc:url:izvest:v:20:y:2019:i:2:p:166-179
    DOI: 10.29141/2073-1019-2019-20-2-10
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    region; economic growth; driver of economic growth; export; export-oriented technologies.;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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