Subject. The article investigates the issues of industrial policy formation and implementation. Objectives. The focus is on the analysis of tools, effectiveness and efficiency of industrial policy, using the electronic industry case. Methods. The methodology rests on general scientific principles and research methods, like abstraction, generalization of approaches of domestic and foreign authors on economic policy and industry analysis. Results. I investigated an algorithm for development and implementation of industrial policy, containing four stages. The algorithm was tested on the data of electronic industry enterprises. The paper analyzed the currently used tools of industrial policy, evaluated their effectiveness and efficiency, according to the data of 967 enterprises of the electronic industry. Conclusions. The calculations performed according to Spark-Interfax data showed certain effectiveness of industrial policy instruments aimed at demand promotion. The study recorded an increase in revenue, labor productivity, and return on capital of industry enterprises. However, the instruments designed to stimulate supply and support innovation and investment have not yet produced the expected results, since the innovation and investment activity of enterprises remains low, there is no additional inflow of external capital into the industry, and enterprises increase the reinvestment of profits to finance production growth.
Keywords: economic policy, industry analysis, electronic industry
References:
Shpak V.V., Brykin A.V. [On the issue of forming an organizational and managerial model for Russian electronic industry]. RISK: Resursy, Informatsiya, Snabzhenie, Konkurentsiya = RISK: Resources, Information, Supply, Competition, 2020, no. 3, pp. 10–114. (In Russ.)
Brykin A.V. [Sources of systemic problems in the development of radio-electronic and electronic industry in Russia. Part 3. 1950–1990]. Elektronika: nauka, tekhnologiya, biznes = Electronics: Science, Technology, Business, 2021, no. 6, pp. 130–138. URL: Link (In Russ.)
Brykin A.V. [Sources of systemic problems in the development of radio-electronic and electronic industry in Russia. Part 4. 1970–2000]. Elektronika: nauka, tekhnologiya, biznes = Electronics: Science, Technology, Business, 2021, no. 7, pp. 82–94. URL: Link (In Russ.)
Enns V.I. [How do we develop domestic microelectronics: 2023]. Elektronika: nauka, tekhnologiya, biznes = Electronics: Science, Technology, Business, 2023, no. 4, pp. 46–50. URL: Link (In Russ.)
Brykin A.V., Makushin M.V. [Microelectronics and State policy of high-tech countries: Nationalization instead of globalization]. Elektronika: nauka, tekhnologiya, biznes = Electronics: Science, Technology, Business, 2021, no. 9, pp. 148–156. URL: Link (In Russ.)
Enns V.I. [Measures for the development of domestic microelectronics in the present context]. Elektronika: nauka, tekhnologiya, biznes = Electronics: Science, Technology, Business, 2022, no. 6, pp. 86–93. URL: Link (In Russ.)
Reinert E.S. Kak bogatye strany stali bogatymi, i pochemu bednye strany ostayutsya bednymi [How Rich Countries Got Rich... and Why Poor Countries Stay Poor]. Moscow, SU HSE Publ., 2011, 384 p.
Glaz'ev S.Yu. [Global transformations from the perspective of technological and economic world order change]. AlterEconomics, 2022, vol. 19, no. 1, pp. 93–115. URL: Link (In Russ.)
Sukharev O.S. [Industrial growth and technological perspective]. Journal of New Economy, 2022, vol. 23, no. 1, pp. 6–23. URL: Link (In Russ.)
Lyubushin N.P., Letyagina E.N., Perova V.I. [Neural network analysis of the main challenges and threats to the economic security of the Russian Federation]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2023, vol. 22, iss. 4, pp. 598–619. (In Russ.) URL: Link
Simachev Yu.V., Fedyunina A.A., Kuzyk M.G. [Russian industrial policy in the context of global production system transformation and severe constraints]. Voprosy Ekonomiki, 2022, no. 6, pp. 5–25. (In Russ.) URL: Link
Kogdenko V.G. [The role of digital companies in the transformation of the Russian economic model]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2023, vol. 22, iss. 6, pp. 1000–1030. (In Russ.) URL: Link
Naidenova N.V. [Neoprotectionism as a necessary condition for the technological development of modern Russia]. Izvestiya Saratovskogo universiteta. Novaya seriya. Seriya: Ekonomika. Upravlenie. Pravo = Izvestiya of Saratov University. Economics. Management. Law, 2022, vol. 22, iss. 2, pp. 126–136. URL: Link (In Russ.)
Krayushkina M.V., Trifonov P.V. [The Transformation of the State Industrial Policy in the Conditions of Glocalization of the World Economy]. Gosudarstvennaya vlast' i mestnoe samoupravlenie = State Power and Local Self-government, 2022, no. 9, pp. 46–50. (In Russ.)
Tatarkin A.I., Romanova O.A. [Industrial policy: Genesis, regional features and legislative provision]. Ekonomika regiona = Economy of Region, 2014, no. 2, pp. 9–21. URL: Link (In Russ.)
Kalinin A.M. [Building a Balanced Industrial Policy: Issues of Structuring Goals, Tasks and Tools]. Voprosy Ekonomiki, 2012, no. 4, pp. 132–146. (In Russ.) URL: Link
Fedosimov B.A. [Legal regimes of tax benefits in the development of research and development works and innovations: The Russian and world practice]. Finansovoe pravo = Financial Law, 2022, no. 2, pp. 44–48. (In Russ.)
Shchekin D.M. [New challenges facing Russia and the response to them in tax policy]. Zakon = Law, 2022, no. 11, pp. 18–29. (In Russ.)
Pimenov V.V., Bystrov A.V., Kalimatova L.B. [Tools necessary to develop industrial policy of Russia at the current stage of economy transformation]. Vestnik Rossiiskogo ekonomicheskogo universiteta imeni G. V. Plekhanova = Vestnik of the Plekhanov Russian University of Economics, 2017, no. 1, pp. 105–116. URL: Link (In Russ.)
Idrisov G.I. Promyshlennaya politika Rossii v sovremennykh usloviyakh [Industrial policy of Russia in modern conditions]. Moscow, Gaidar Institute Publ., 2016, 160 p.
Egorova I.S. [Methodology for auditing the effectiveness of the use of public resources in the context of the "new" CAA 104]. Auditor, 2021, vol. 7, no. 6, pp. 3–14. (In Russ.) URL: Link
