UNDER WHICH CONDITIONS CAN AN IMPORT SUBSTITUTION POLICY BE A DRIVER FOR RE-INDUSTRIALISATION?
Abstract
This paper examines various mechanisms of import substitution policies that can be implanted in Russia, with specific examples in the areas of agro-industry and high technology. It statesthe condition, under which these policies can help to pursue a strategy of re-industrialisation, and what some potential pitfalls are. Specific attention is being paid to the importance of vertical linkage effects, to relations between science, education and industry and to the role of favourable financial environment, especially in the field of innovation. As concerns the tools of import-substitution and their efficiency it would be stressed that to realize import-substitution policy it may be used a varietyof mechanisms: customs tariff (fee) and non-tariff (quotas, import licensing) regulations, as well as subsidies for domestic production and other tools of financial and non-financial state support. They do not have the same efficiency in terms of industrial policy.
About the Authors
J. Truel
Université Paris Est Créteil
Russian Federation
Russian Federation
Y. Pashchenko
Université Paris Est Creteil
Russian Federation
Russian Federation
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Review
For citations:
Truel J., Pashchenko Y. UNDER WHICH CONDITIONS CAN AN IMPORT SUBSTITUTION POLICY BE A DRIVER FOR RE-INDUSTRIALISATION? Review of Business and Economics Studies. 2016;4(1):68-74. (In Russ.)
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