Research on the transformation of Russian industrial structure

Abstract

Over the three decades, the Russian Federation government introduced a string of industrial policies responsible for industrial structure change from a planned state-run economy to the market-based one and the return of command control structures under President Putin. It grew out into four phases of economic growth from 1991 - the post-communist decline between 1991 and 1999, the reconstructive phase between 2000 and 2007, the recession between 2008 and 2010, and the stagnation phase from 2010 to the present (Mau, 2016; Ahrend and Tompson, 2005; Aris and Tkachev, 2019). Consequently, this study investigates Russia's industrial structure transformation through these four phases of economic growth. While the Russian government implemented industrial policies annually for short, medium and long- term development, the four phases of economic changes domicile their impacts. In this respect, the study will compare the shifts in industrial structures during these four phases of Russian economic growth by comparing their industrial structure upgrade index. In this respect, the study focuses on realising Russia's structural adjustments together with transformation methods over the three decades of its existence. It includes showing how the Russian economy experienced growth (exponential, slow, retarded)...