State Policy Priorities for Economic Security Provision among Processing Industries
- Melnikov Alexander Borisovich
- Snimshikova Irina Viktorovna
- Trysyachny Vladimir Ivanovich
- Aydaeva Sakina Agaverdievna
- Rudenko Vladimir Valentinovich
Abstract
The Russian specificity of processing industry functioning does not allow domestic products to compete on an equal basis with imported analogues, not only at external, but also at the domestic market, which makes a negative impact on the level of economic security. In this context, the harmonization of industrial and trade policies can be viewed as the combination of individual development institutions aimed at the search of external and internal sources of investment resources, as well as the development of import-substituting industrialization policy trends. The results of modeling using the modified Grossman-Helpman model demonstrate that the hypothesis about the dependence of import tariff rate on the strength of industrial lobby groups is not confirmed. Consequently, the tariff foreign trade policy of Russia is a fragmentary one and does not develop the unified principles and priorities for key processing industry support. In this regard, the main task is the development of universal tools that allow to increase the level of business entity adaptability to the increased volatility of endogenous and exogenous factors negatively influencing the level of economic security among industrial complexes.- Full Text: PDF
- DOI:10.5539/jpl.v10n3p112
This work is licensed under a Creative Commons Attribution 4.0 License.
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