Socio-Economic Efficiency of Neo-Industrialization in the Russian Economy

This study examines the processes of neo-industrialization in the Russian economy and estimates its socio-economic efficiency. Aim. This study develops a set of indicators that estimate the socio-economic efficiency of neo-industrialization. Tasks. This study identifies major problems in the current state of the Russian economy, draws a parallel between the state of the economy and the forms of government that support neo-industrialization, and determines integral indicators to estimate the socio-economic efficiency of neo-industrialization. Methods. This study uses general methods of scientific cognition to examine the processes of economic neo-industrialization on various aspects, identifies trends in the assessment of the current state of the Russian economy, and determines major indicators for estimating the socio-economic efficiency of neo-industrialization. Results. Major problems in assessing the current state of the Russian economy include the performance of national economic enterprises, which often ignores the inflation rate, the lack of an actual methodology for assessing the government’s budget loss due to incompetent financial arrangements and commodityflows within groups of companies, the lack of correlation between economic and social effects, and an imperfect methodology to assess the knowledge content in high-tech industries. Bearing in mind these aforementioned problems, assessment of the socio-economic effects of neo-industrialization should take into account the continuity and frequency of discounting financial expenses. Efficiency should be estimated both for the economy as a whole and for each of its levels, paying due attention to the fact that the ultimate goal of neo-industrialization is growth of the national economy as a whole and not just in some of its sectors. Conclusion. Indicators of socio-economic efficiency should be classified into four groups: the economy as a whole, the government, various enterprises, and the population. For the economy as a whole, the main indicators are the amount of funds allocated to improve production, increase in GDP, tax revenues, and welfare and purchasing power of the population. The government’s main indicators are the private sector revenues, which exceed expenses on modernization, and annual increases in the said revenues and the population’s income. The main indicators for the enterprise are an increase in company’s profits, lower expenses, and higher productivity. For the population, the main indicators are improved welfare and purchasing power, availability of high-quality staple goods, and lower prices, caused both by manufacturers’ lower expenses and greater competition among companies.

неоиндустриализация, социально-экономическая эффективность, модернизация, методические рекомендации, neo-industrialization, socio-economic efficiency, modernization, methodological recommendations, neo-industrialization, socio-economic efficiency, modernization, methodological recommendations

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