Mechanical engineering in Russia – the start of structural transformations

Abstract

The article attempts to determine the possible volume of investments in the case of a hypothetical complete import substitution of radio-electronic industry products and the multiplier effect from it as an element of the Russian economy structural transformation. For the calculations, a set of input-output tables for 2019 published by Rosstat in 2021 was used. The results of the analysis of the state and foreign economic activity of the domestic engineering industry are given for the period 2005–2020, a brief overview of the place of Russia in the world markets of radio electronic products and consequences of sanctions against the industry. They are given as the results of calculations to evaluate possible investments in the radio-electronic industry and the level of influence on the main industries in the case of a hypothetical full import substitution of its products. It is shown that for Russia a complete structural transformation, including import substitution of high-tech products, can take a long period.