Innovation-investment aspect of import substitution in Russia
Innovation-investment aspect of import substitution in Russia

Summary/Abstract: The authors prove that nowadays a considerable number of industrial clusters of the national economy are importdependentdue to the lack of Russian competitive substitutes. The provided in the article analysis of the use of average annualproduction capacity of enterprises in Russia on the output of some sorts of products in 1990-2014 shows that when there arestatistical reserves of production capacity, the qualitative composition of fixed capital assets with a high degree of physical wearand depreciation prevents enterprises from producing competitive national products. Deindustrialization of the Russian economyin 1995-2015 led to the stagnation of the manufacturing industry production potential including some enterprises determining thefood security of the country. The mentioned above facts substantiated the necessity to develop approaches to the interpretation ofadverse trends in the national economy and effective investment allocation mechanisms.

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