The assessment of innovative import substitution effectiveness in Russia
Abstract. The transition of the Russian economy to innovation-oriented growth is impossible without innovative import substitution, in which products and services with new consumer properties, lower cost and high added value are produced, improved and exported based on innovative ideas and knowledge, using new high technologies. Intermediate and final results of the assessment of innovative import substitution form the basis for developing measures aimed at adjustingthe taken course, which determines the significance of the study, the purpose of which is to analyze the dynamics of innovative import substitution processes based on the formed set of evaluation indicators and criteria for their effectiveness. Dynamic analysis of changes in the indicators of the effectiveness of innovative import substitution, conducted based on official statistical sources for 2000-2022, showed that the effectiveness of import substitution innovation processes in Russia is below average. Correlating this dynamic with changes in the total volume of domestic production, exports and imports, it can be noted that the stability of growth (in the case of imports - decline) is not maintained, and the performance indicators, expressed in relative values, do not reach the criterion values or take them only at certain time intervals.
Keywords: import substitution, innovation, assessment, effectiveness, innovative import substitution, performance criteria, measures of effectiveness, trends in innovative import substitution.
Highlights:
- the practice of assessing the effectiveness of import substitution processes lacks methodologically sound analytical tools that allow for reliable diagnosis of the effectiveness of innovative import substitution at the macro level;
- the developed group of indicators, criteria and scale for assessing the effectiveness of innovative import substitution allow for a comprehensive determination of its status at each point in time and identification of change trends;
- the process of innovative import substitution is accompanied by multidirectional trends; according to the developed scale, the effectiveness of import substitution is below average.
Natalya S. Talalaeva, Alia V. Litvinova - Volgograd State University, Volzhsky branch, Volzhsky, Russia