Import Substitution Priorities for Ensuring the Economic Security of Russian regions

Sector of Social Innovation, Institute of Economics of the Ural Branch of the Russian Academy of Sciences, 620014, Moskovskaya St., 29, Ekaterinburg, Russian Federation

^* Corresponding author: irina_golova@mail.ru

Abstract

The paper proposes a methodological approach to improving the Russian import substitution policy, which considers innovative import substitution as an important aspect of new industrialization of the country. The study analyzes problems and contradictions present in the high-tech production sector. The sectoral approach to solving the import substitution problems in Russia has proved to be unpromising. Thus, Russian regions have to implement the import substitution model, aimed at the comprehensive transformation of the production ecosystem. The research revealed the directions of improving the mechanisms of import substitution to ensure the economic security in the long term. Favorable conditions for the development of innovative import substitution in Russian regions were analyzed and compared using the author’s methodology; a group of leading regions was determined. The article describes ways to reduce institutional barriers between science and production to implement innovative activities, considering the specificity of Russian regions.