Regional Economics: Theory and Practice
 

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St. Petersburg industrial policy: Determining the factors of structural changes in industry through Shift-Share Analysis

Vol. 18, Iss. 5, MAY 2020

Received: 19 February 2020

Received in revised form: 12 March 2020

Accepted: 27 March 2020

Available online: 15 May 2020

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: C43, L16, O14, O25, R11

Pages: 909–939

https://doi.org/10.24891/re.18.5.909

Dement'ev M.V. Saint-Petersburg State University (SPbSU), St. Petersburg, Russian Federation
Mark_sur@mail.ru

ORCID id: not available

Subject. This article examines the theoretical and practical aspects of the implementation of industrial policy and the structural transformation of the manufacturing industry in St. Petersburg.
Objectives. The article aims to justify the priority of the industry-based approach to industrial policy in St. Petersburg and determine its effectiveness by highlighting the factors of structural transformation of the city's manufacturing industry using the Shift-Share Analysis method.
Methods. For the study, I used logical, statistical, and factor analyses.
Results. Based on shift-share analysis, the study highlights positive results of industrial policy in the development of certain industries in St. Petersburg, as well as those industries that require further development of urban industrial policy.
Conclusions. Despite the fact that the industry of St. Petersburg as a whole has become more stable, problems in the development of mechanical engineering and production of computers, electronic and optical products have not yet been solved.

Keywords: industrial policy, sectoral composition of the economy, industry-specific top concern, industry, Shift-Share Analysis

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