Sources of high-tech export growth in the macroregion

• Published in: Naučnyj vestnik Ûžnogo instituta menedžmenta (Online) no. 2; pp. 27 - 34
• Main Author: Shirokova, Y. Yu
• Format: Journal Article
• Language: English
• Published: 25-06-2020
• ISSN: 2305-3100; 2618-8112
• DOI: 10.31775/2305-3100-2020-2-27-34

For many years, Russia has benefited mainly from the sale of raw materials, but as a transition to a new level of development, ways to reduce the share of extractive industries in the economic structure were considered. With the emergence of new external factors that directly affect the demand and price formation of the country’s main export products on world markets, the need for structural reforms has become a priority for its economic system to overcome the crisis. The paper studies regional production of high-tech products, which in the future may become the basis for expanding the share of manufacturing enterprises in the volume of manufactured goods. The structure of high-tech industries located in the regions of the Central Federal district is considered, and the share of exports in the total volume of their production is highlighted. Based on Rosstat data for 2018, the types of production that are developed and require additional incentives from Executive authorities have been identified. Due to the fact that the main consumer of products with high added value is located in the domestic market, the development of a set of support measures is necessary for the growth of its export volumes. It should be based on a system of incentives for enterprises, together with the active participation of institutions involved in bringing domestic producers to foreign markets.