Regional Economics: Theory and Practice
 

Industrial policy as an institutional and economic mechanism for the development of the forest-based sector of the Sverdlovsk oblast: Basic tools and mechanisms for implementation

Vol. 15, Iss. 8, AUGUST 2017

Received: 19 April 2017

Received in revised form: 28 April 2017

Accepted: 15 May 2017

Available online: 15 August 2017

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: L52, L73

Pages: 1442–1454

https://doi.org/10.24891/re.15.8.1442

Starikov E.N. Ural State Forest Engineering University, Yekaterinburg, Russian Federation starik1705@yandex.ru

Ramenskaya L.A. Ural State Forest Engineering University, Yekaterinburg, Russian Federation ramen_lu@mail.ru

Subject The article deals with the issues of research on the implementation of effective industrial policy instruments in the forest sector of the region. The timber sector of the Sverdlovsk oblast is the case study.
Objectives The article aims to analyze the existing regulatory framework and instruments for industrial policy and assess the effectiveness of its implementation in terms of a system approach.
Methods For the study, we used a systems approach.
Results We have examined and defined the characteristics of the current phase of regional industrial policy in the forest sector of the region, based on an analysis of the theoretical perceptions of the nature and targets of industrial policies.
Conclusions The institutional profile of State support for enterprises in the industry is at the stage of active filling with a variety of instruments that are evolving through an integrated approach that takes into account the sectoral and territorial characteristics of the oblast.

Keywords: forestry industry, Sverdlovsk oblast, industrial policy, growth potential, regulatory framework

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