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Economic Analysis: Theory and Practice
 

A methodological approach to evaluating the effectiveness of regional industrial policy

Vol. 19, Iss. 8, AUGUST 2020

Received: 28 May 2020

Received in revised form: 14 June 2020

Accepted: 30 June 2020

Available online: 28 August 2020

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: R11, R12, R13

Pages: 1431–1457

https://doi.org/10.24891/ea.19.8.1431

Smirnova O.P. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
olysmirnova95@gmail.com

https://orcid.org/0000-0001-6965-8028

Ponomareva A.O. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
k511-a@mail.ru

https://orcid.org/0000-0002-6647-9961

Subject. The article addresses the industrial policy in the face of the need to modernize and digitize industries; the role of regional industrial policy as a link between the Federal industrial policy and individual enterprise’s development strategy.
Objectives. We focus on developing a methodology for assessing the effectiveness of the State industrial policy implementation in the regions of the Russian Federation, and the practical recommendations for its improvement.
Methods. We employ general scientific methods of abstraction, the formal and dialectical logic, deduction and induction, analysis and synthesis, empirical analysis of data, comparative and structural methods of analysis, economic and statistical analysis of data, logical and systems approaches.
Results. The paper provides the theoretical justification of industrial policy, considers its distinctive features. We devised a methodology to assess the effectiveness of regional industrial policy, which rests on the multicriteria approach and takes into account the current realities of competitive industrial development. The said methodology enables to compare the industrial development of territories both among themselves and in a dynamic perspective. The analysis of effectiveness of industrial policy implementation in the subjects of the Ural Federal District established that a growing number of federal entities are enhancing their positions in comparison with the average Russian level.
Conclusions. The instruments of the Ural’s industrial policy implementation shall be targeted at structural changes in the economy, the increase in the innovative component of production, the introduction of advanced production technologies.

Keywords: industrial policy, effectiveness, methodological approach, competitiveness, assessment and analysis

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