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Production capacity of Russian industry: Potential of import Substitution and economic Growth
https://doi.org/10.32609/0042-8736-2015-6-5-24
Abstract
The article examines the state of production capacity of Russian industry. It is shown that in spite of certain positive shifts, the rate of technological modernization in recent years has been insufficient for marked progressive changes in the capacity structure and quality. In contrast to the industrial growth after the crisis of 1998 that took place in the presence of significant reserves of capacity, the current level of idle capacity is much lower. The lack of mass input of modern and high-tech industries objectively limits the possibilities of import substitution and economic growth.
Keywords
economic growth,
investment,
industrial capacity,
input capacity,
disposal capacity,
capacity utilization,
import substitution
JEL: E20, Е22, Е23, L60, О11
About the Authors
B. Zamaraev
Institute of Macroeconomics Research (Moscow, Russia)
Russian Federation
Russian Federation
T. Marshova
Institute of Macroeconomics Research (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Vodyanov A. (1995). Investment processes in a transitional economy. Moscow: IMEI, pр. 164—173. (In Russian).
2. Marshova T. (2011). Estimations of the structure of the industrial capacity of Russia and its consistence with the tasks of modernization of the economy. Voprosy Statistiki, No. 7, pp. 30—43. (In Russian).
3. Tsukhlo S. (2015). How to overcome the dominance of imports. Expert, No. 1, pp. 40—42. (In Russian).
Review
For citations:
Zamaraev B., Marshova T. Production capacity of Russian industry: Potential of import Substitution and economic Growth. Voprosy Ekonomiki. 2015;(6):5-24. (In Russ.) https://doi.org/10.32609/0042-8736-2015-6-5-24
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