ASSESSMENT OF THE POTENTIAL AND PROSPECTS FOR THE IMPLEMENTATION OF THE REGIONAL POLICY OF IMPORT SUBSTITUTION THROUGH THE EXAMPLE OF THE NOVOSIBIRSK REGION
Import substitution is considered to be the most promising source of development of the Russian economy. However, the regional aspects of implementation remain at the periphery of research policy of import substitution. The aim of the work was to evaluate the capacity and efficiency of the instruments of regional industrial policy implementation in the context of import substitution through the example of the Novosibirsk region. This article presents the results of studies based on statistical analysis of the structure and dynamics of regional trade of the Novosibirsk region. It made an attempt to evaluate the possibility of the development of domestic production of analogues of imported products through the use of existing industrial capacities of the region. Based on the comparison of the results of analysis of foreign trade and regional industry opportunities the most perspective directions of development were identified. Review of Industrial Policy of the Novosibirsk region, based on the analysis of the current regulatory framework, revealed the inefficient and costly industry support tools currently in use. Based on these results possible solutions were suggested to correct the existing industrial policy and improve its efficiency.