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Import substitution of investment goods in Russia
https://doi.org/10.32609/0042-8736-2017-8-92-103
Abstract
This paper investigates the sensitivity of the demand for imported capital goods to the influence of various factors of the investment dynamics with the aim to generate evidence-based recommendations for the import substitution policy in the Russian Federation. It provides a forecast of the dynamics of the demand for imported machinery, equipment, components and vehicles in various macroeconomic scenario conditions. The article estimates the influence of the EU and US sectoral sanctions on the volume of Russian imports of investment goods. We characterize different approaches to the import substitution policy in the Russian Federation and conditions for their implementation.
Keywords
import substitution,
investment goods,
real effective exchange rate,
sectoral import substitution plans,
international trade
JEL: E22; F47; L52
About the Authors
P. Pavlov
Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
A. Kaukin
Gaidar Institute for Economic Policy
Russian Federation
Russian Federation
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Review
For citations:
Pavlov P., Kaukin A. Import substitution of investment goods in Russia. Voprosy Ekonomiki. 2017;(8):92-103. (In Russ.) https://doi.org/10.32609/0042-8736-2017-8-92-103
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