ANALYSIS OF REALIZATION OF REGIONAL INDUSTRIAL POLICY IN THE FORMER SOVIET UNION: PROBLEMS AND PROSPECTS

Main Article Content

K. PAVLOV
O. NOSOVA

Abstract

The article is devoted to a research of a role of industrial policy in regional development and contains a list of the main measures for carrying out structural transformations in the former Soviet Union. The theoretical analysis of variety of approaches confirms the existence of unfair competition and proves the necessity of further empirical researches for assessment of efficiency of industrial policy. Use of complexity, limited rationality and social and economic dynamics provides application of cross-disciplinary approach. Process of reforming in regions depends on success of industrial policy which includes use of various measures, in particular, of support of national producers (granting subsidies, applications of protectionism in various branches and others). Researches of interrelation of trade and economic growth demonstrate the existence of correlation between growth rates of trade and indicators of an economic environment in regions. The assessment of regional imbalances is defined by indicators of a gross regional product per capita, regional employment and expenses for education.

Article Details

How to Cite
PAVLOV, K., & NOSOVA, O. (2018). ANALYSIS OF REALIZATION OF REGIONAL INDUSTRIAL POLICY IN THE FORMER SOVIET UNION: PROBLEMS AND PROSPECTS. Vestnik of Polotsk State University. Part D. Economic and Legal Sciences, (5), 18-25. Retrieved from https://journals.psu.by/economics/article/view/2717
Section
Экономика и управление
Author Biographies

K. PAVLOV, Izhevsk branch of the Russian university of cooperation, Russia

doctor of economics, professor

O. NOSOVA, Kharkiv educational and scientific institute of the university of banking, Ukraine

doctor of economics, professor

References

Amann, J.M. The technological level of Soviet industry / J.M. Amann, J.M. Cooper & R.W. Davies. – Yale University Press, New Haven, 1982.

Acemoglu, D. Contracts and technology adoption / D. Acemoglu, P. Antras, and E. Helpman // American Economic Review. – 2007. – 97(3). – P. 916–943.

Development and Modern industry policy in practice: issues and country experiences (In association with the Asian Development Bank). (2015), Edit. Jesus Felipe, Elgar. Grossman, G., and Elhanan, H. (1991). Innovation and growth in the global Economy, MIT Press, Cambridge, MA.

Harrison, A.E. (2009). Trade, Foreign Investment, and Industrial Policy / A.E. Harrison, and A. Rodriguez-Clare // In Handbook of Development Economics, 5, ed. D. Rodrick and M.R. Rosenzweig. Elsevier.

Madsen, E.S. (2003). Scale in technology and learning – by-doing in the windmill industry / A.E. Harrison, and A. Rodriguez-Clare // Journal for International Business and Entrepreneurship Development, 1(2), P. 27–35.

Myant, M. (2011). Transition economies. Political economy in Russia, Eastern Europe, and Central Asia / M. Myant, J. Drahokoupil. John Willy & Sons, Inc.

Competitiveness and private sector development: Ukraine 2011. Sector competitiveness strategy. OECD (2011).

Robinson, J.A. (2009). Industrial policy and development: a Political Economy perspective / J.A. Robinson ; Harvard University Department of Government and IQSS, May.

Rodrik, D. (2013). Structural change, fundamentals, and growth: an overview / D. Rodrik : Institute for Advanced Study. September.

Rodrik, D. (2013). The Past, Present, and Future of Economic Growth, Global Citizen Foundation / D. Rodrik // Working Paper 1, June 2013.

Saha, D. (2015). The industrial sector of Ukraine: trends, challenges and policy options / D. Saha, V. Kravchuk // Policy Briefing. PB//05//2015.

Saha, D. (2015). From heavy to light: structural change in Ukraine’s industry / D. Saha // News letter. The German Advisory Group, Issue No. 81, July.

Tridico, P. (2011). Institutions, human development and economic growth in transi-tion economies / P. Tridico. – Palgrave Macmilan.

UNIDO. (2003). The Role of Industrial Development in the Achievement of the Millennium Development Goals. Proceedings of the Industrial Development Forum and Associated Round Tables Vienna, 1–3 December 2003. Compendium Edition.

Rodrik, D. (2004). Industrial Policy for the Twenty-First Century. CEPR Discussion Paper 47–67, Centre for Economic Policy Research, London.