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Russian Journal of Industrial Economics

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Ekonomika Promyshlennosti = Russian Journal of Industrial Economics  is a peer-reviewed scientific journal covering the issues of innovative activity  in the industry by highlighting and discussing the results of basic and applied research, the experience in applying results of innovation for the development of the Russian economy.

ISSN 2072-1633 (Print), ISSN 2413-662X (Online)

The journal was founded in 2008. At this time, there were virtually no journals covering the issues of the metallurgical industry economy Consequently, the leading Moscow Institute of Steel and Alloys (MISiS) decided together with JSC "United Metallurgical Company", to establish journal, which should cover mainly the research and production  issues of metallurgical complex. At the initial stage, the journal targeted  a number of issues, including: analysis of the state of the economy and forecasting of the metallurgical industry of the Russian Federation; cost-benefit analysis of new technologies; strategic management in industry; industrial logistics; management of innovation and investment in the industry.

In a short time, the journal has acquired the status of a serious publication, was included in the  HAC list, and significantly expanded the area of interest. Along with metallurgy, the topics covered include small business and industry; organization of accounting, planning and economic analysis in industrial plants; issues of corporate social responsibility; economic aspects of environmental protection, training of personnel  for industry and business.

The circle of authors and reviewers of the journal has also expanded. At present, the authors (COPE journal are graduate students, researchers, university professors and experts of industrial and commercial structures of Russia, as well as countries and abroad. All published articles are reviewed, skillfully edited and proofread thus promoting a competent presentation of the material. As reviewers the magazine attracts  specialists, experts in issues relating to the published material.

Current issue

Vol 18, No 4 (2025)
View or download the full issue PDF (Russian)

THEORY AND PRACTICE OF STRATEGY

459–471 422
Abstract

As the factor of extended reproduction, strategic human resources management is relevant both in the context of the spatial and territorial development of Russia and of global, national, regional and industry trends.

The purpose of the study is to assess the human capital potential of Russia and its industrial regions by analyzing strategic opportunities for development. The tasks of the study include determining scientific approaches to the definition of the categories of “human potential” and “human capital”, developing the authors’ assessment methodology and its approbation of the data from the regions of Russia (primarily those of industrial specialization) during the period of 2015–2023, identifying the transformation of human potential by the industrial regions of Russia and working out recommendations for strategic development of these territorial entities. The theoretical and methodological basis of the research is the theory of strategy and methodology of strategizing by Dr. Vladimir L. Kvint. The results of the study show that, in general, there are negative dynamics in human potential development in Russia. Regarding industrial regions, the situation is identical to the trends of Russia as a whole. The authors of the article suggest general recommendations for the strategic development of human potential of industrial regions of Russia.

NATIONAL INDUSTRIAL ECONOMICS

472-485 63
Abstract

In the face of global competition, sanctions, and disruption of international value chains, digital transformation is becoming not just a tool for development, but a condition for the survival of Russian industry. It allows us to maintain and strengthen our positions in both domestic and international markets. For developing and emerging economies, which in the current context include Russia, Industry 4.0 opens up the possibility of a technological breakthrough.This means that it is possible to increase the share of industrialization,bypassing traditional, often less effective development paths, immediately introducing advanced solutions such as, for example, “smart” factories. However, despite the understanding of the need for change, most enterprises face typical problems that do not allow them to maximize the benefits of digital transformation. The analysis made it possible to establish that today there is no comprehensive approach in the scientific community for the formation of projects for the digital transformation of industrial enterprises in the context of Industry 4.0, which would take into account the specifics of the company’s work using intelligent technologies at all levels of management. The article describes a combined approach that allows you to create a digital ecosystem, linking all levels of management: strategic, tactical, operational, which are connected by end-to-end data and automated solutions. The combined approach to managing enterprise digital transformation projects in the context of Industry 4.0 is a synthesis of strategic vision, agile methodologies, and operational technologies. The article offers solutions for integrating strategy, tactics and operations, with elements of a combined approach for managing enterprise digital transformation projects at each management level. The main stages, distinctive features, advantages, disadvantages and limitations of the combined approach are described. To verify the adequacy and practical applicability of the model, a survey was conducted of 10 experts in the field of digital transformation project management and products with 5 to 10 years of experience at Perm Plant Mashinostroitel JSC.

486-498 47
Abstract

Under the conditions of sanctions restrictions, Russia’s modern macroeconomic system is aimed at technological development, digitalization, sustainable development and greening of production and economic systems. The key problem of the functioning of economic systems is the limited resources, which determines the emergence of “bottlenecks” and queues. As a result, this affects the efficiency of the entire system and its competitiveness. One of the key conditions for achieving the goals of sustainable development is the development of nature-like technologies and their introduction into industry. The purpose of the study is to identify the theoretical aspects of nature-like technologies, to identify their potential for implementation to achieve sustainable industrial development. The scientific origins of the concept of developing the topic of nature-like technologies are analyzed, and the categories “nature-like technologies”, “nature-inspired algorithms”, and “nature-inspired systems” are defined. The principles of nature-like technologies that contribute to solving environmental problems, resource independence, economic efficiency, and technological development are summarized. The transformation of traditional production systems into mesosystems by analogy with natural ecosystems is considered. It is proved that this approach, which underlies the closed-loop economy, allows us to go beyond the introduction of individual “green” technologies and achieve a synergistic effect. To systematize the analysis, a classification of nature-like technologies is proposed and the main directions of their use in industry are identified. The following conclusions are drawn: the introduction of nature-like technologies gives a measurable and significant effect in three areas of sustainable development: 1) economics – reducing costs, creating new value; 2) ecology – reducing emissions, optimizing resources; 3) social sphere – creating safe working conditions and a favorable environment for human life and health. The economic effect of the introduction of nature-like technologies is one of the key drivers of their scaling. When making managerial decisions, it is necessary to consider that the introduction of nature–like technologies is a strategic investment in ensuring the competitiveness of the mesosystem and its resource independence. At the level of the country’s top leadership, it is necessary to develop and implement incentive measures for projects that implement the principles of nature-like technologies at the system level.

499-504 47
Abstract

Engineering solutions are a central element in the system of engineering management, and they are maximally affected by a subject of management and overlap with organizational, economic, and other decisions. An interconnected combination of the engineering and related solutions can be considered as system solutions. Application of the methodology of engineering management in the development of settlements and infrastructure and industrial facilities related to them is connected with making and transforming engineering solutions which determine the parameters of individual capital construction objects. These objects express the characteristic features of territorial zones within agglomerations and should contribute to the formation of a safe and comfortable living environment. This problem is of a multi-level and interdisciplinary character, and its solution may require qualitative and comprehensive transformation of the existing management and production processes and structures performing them – reengineering.

505-517 102
Abstract

Diversified tax policy is a modern tool of platform economics, the mainstream of business process development and industrial efficiency as well as the stabilization factor of the country’s financial system. It affects all the aspects of evolution processes in the country. However, in the context of global challenges and economic system’s transformation there is no unified methodological framework involving both strategic goals of Russia’s development and the features of the innovation economy. The purpose of the study is to introduce an efficient up-to-date econometric model on the major budget-forming taxes and to reveal the prospects of using this model. The article gives the authors’ definition of diversified tax policy as an innovative economic growth driver. It has been justified, that diversification of the tax policy is not only a tool for replenishing the budget, but also the most important element of building effective ecosystem of technological development capable of ensuring adaptation to external challenges and creation of the long-term sustainability of the national economy. To plan the tax policy tools effectively, the authors have built a multi-factor regression econometric model which evaluates the dependence of tax revenues into the consolidated budget from individual taxes and inflation. The study involved the following economic and general scientific methods of scientific cognition: content analysis, system approach, induction, extrapolation, systematization and grouping time series, and factor modeling. These methods made it possible to suggest the econometric model and achieve the goal of the study.

518-528 83
Abstract

In this paper, innovative strategic trends in the gold mining industry are identified and analyzed. Based on the analysis, such an innovative strategic priority as the dewatering of gold mining tailings is justified. The reasons for the insufficient implementation of relevant technologies have been identified, for example, such as incomplete cost accounting, high expected implementation costs, and pricing of water resources. The strategic interests of the parties have been identified, and the basis for their coordination has been proposed. The international experience is studied, in particular the experience of state regulation of water consumption in mining in Chile. The application of a fair price to fully account for the cost of water resources is justified. An overview of research on the economic aspects of tailings dewatering is given, and the specifics of calculating the financial parameters of projects in determining the net present value of projects and the internal rate of return are revealed. The stages of the project’s life in gold mining, including those after the mine closure, are analyzed. The periods of income and expenses, classified by object, are highlighted. The role of introducing tailings dewatering technologies to reduce project uncertainty is substantiated. The results of the study can be applied in practice by enterprises of the gold mining industry, in the development of industry and corporate strategies, as well as in further research.

REGIONAL ECONOMICS

529-543 52
Abstract

The industrial regions of Russia face an important strategic task of transition to sustainable production development with reduced environmental impact, including on the water resources of the territories of presence. The active phase of industrial development and the implementation of large mining projects in the northern territories have a direct impact on the use and pollution of water resources. There is a demand for modern ecosystem management tools to evaluate and monitor indicators that characterize the principles of sustainable use of natural resources, especially in high-risk areas – the northern resource-type territories. The purpose of the work is to assess the impact of industrial development on the water resources of the northern territories using mathematical and statistical models in the context of municipal districts on the example of a resource-type region (the Republic of Sakha (Yakutia)). Some economic and mathematical methods were used in the study: time series dynamics, expert assessment, sum of places, rating, modeling, decoupling, and others. The pace and prospects of industrial development of the republic’s municipal districts have been determined. A rating of municipal districts of the republic in terms of environmental and economic impact has been built. The results of assessing the productivity of water resources in the creation of a gross municipal product have been obtained. The dynamics of the state of the water resources of the districts is analyzed. Based on the constructed models, a forecast estimate of the dynamics of water intake volumes in the TOP 5 producing regions of the republic is given.

544-558 49
Abstract

Under the influence of global shocks and macroeconomic instability it is essential to develop more advanced approaches to forecasting the gross regional product (GRP) and its components both at the country and region levels. Forecasting of GRP involves selection and justification of the key factors determining its dynamics. In the study, the formation of gross value added (GVA) of the industry was analyzed on the example of a fairly developed Russian industrial region – the Nizhny Novgorod region. To this end, the authors built a two-level GVA econometric model of industry of the Nizhny Novgorod region, which showed that the value is statistically significantly affected by such factors as the average per capita monetary income of the population and the average annual official dollar exchange rate. It has been stated that the dynamics of the average per capita monetary income of the population, in its turn, depend on the average price of Urals crude oil, gratuitous receipts to the consolidated budget of the region and the average annual number of employed people. The choice of factors is determined by the statistical procedure that allows revealing the relationships using time series cointegration. On the basis of the created two-level model for the GVA of the industry of the region and the models for exogenous factors, the authors make forecasts for all the involved indicators for the period up to 2026. The results of the study can be useful for the regional authorities in creating scenarios of development of the industry and determining the effectiveness of the control factors, which will make it possible to make sound management decisions in industrial policy and strategic planning.

BUSINESS ECONOMICS

559-573 51
Abstract

The article deals with the key issues of digitalization of ESG-processes in the context of sustainable development of service and industrial enterprises, corporations and industrial associations. The topic is of high relevance due to the increasing impact of environmental, social and managerial factors on the business’s strategic priorities and the necessity for improving the effectiveness of the tools of monitoring, control and reporting within the ESG agenda. The purpose of the article is to study the opportunities of digitalization of ESG-processes in the management of service and industrial enterprises, corporations and industrial associations, and to reveal the key problems and prospects for the development of this area. The authors present generalization of scientific approaches to understanding the synergy of ESG and digitalization, carry out the review of analytical data, and reveal the experience of Russian companies that successfully integrate digital tools into ESG management processes. Having analyzed scientific literature, surveys and case studies the authors identify four groups of the problems in implementation of digital solutions: technological, organizational, human resources, and institutional and methodological. Despite the increasing interest to ESG-digitalization, very few organizations exploit the opportunities of artificial intelligence and big data for sustainable development. Fragmentation of digital initiatives, lack of human resources, normative gaps and poorly developed technological infrastructure are still system challenges that require coordinated efforts from business, government and experts’ community. Special attention is paid to the prospects for development including the role of government programs, the opportunity to create a unified digital platform for ESG reporting, and the potential of digital solutions in achieving the goals of sustainable development. The results of the study confirm the need for a system approach to digital ESG-transformation as one of the key trends of strategic development of service and industrial enterprises, corporation and industrial associations.

574-590 47
Abstract

The innovative activity of building materials enterprises, which shapes their competitive advantages, presupposes the presence of innovative potential. The problem lies in the fact that the interpretation of the concept of “innovation potential” and the methods for its calculation are contradictory and insufficiently specified. The research aims to identify the innovation potential, taking into account industry specifics, and to develop scientific and methodological approaches for its assessment. The research objectives are to define the essential understanding of a company’s innovation potential, develop a methodology and algorithm for calculating its level, form a system of evaluation indicators, and test the obtained results. The innovation potential of a building materials enterprise is identified as its ability to enhance competitiveness through the creation of innovative developments and their implementation into production, while maximizing the use of its organizational, managerial, financial, and production-technical capacities. The set of indicators for assessing innovation potential was formed considering technical, technological, organizational, managerial, financial, economic, and marketing factors of the enterprise’s internal environment, the list of mandatory statistical reporting indicators on organizational innovation activity, and the availability of primary data. The scheme for calculating the level of innovation potential is based on a qualimetric approach, which accounted for the significance of the identified indicators, determined through expert evaluation and statistical processing of online survey results. The expert assessment revealed that the most significant indicator is the presence of a dedicated R&D department within the enterprise’s structure. The proposed methodology was tested on a number of medium and large manufacturers of building products and structures in the Voronezh region. The quantitative assessment of the innovation potential of these enterprises revealed a low, and in some cases, significantly low level. The research results are of practical interest to regional government authorities and the business community.

591-603 89
Abstract

The tasks of ensuring industrial sovereignty set the vector for the accelerated growth of the Russian high-tech sector. With all the possibilities of state support for the high-tech industry, digitalization and material support of production processes, the main asset of innovation is human resources. At the same time, the speed of development and order fulfillment increases due to the development of the production system and the introduction of lean manufacturing.

The desire for speed and simultaneous depth and scale of innovation contains significant management risks associated with the loss of key values and priorities of enterprises. The introduction of the principles, methods and tools of the competency-based approach during an organizational project for the development of a production system allows us to systematically and balancedly achieve non-destructive innovative growth while reducing all types of losses and continuous improvement of processes.

The recommendations presented in the study include a methodology for planning a production system development project, developed on the basis of a competency-based approach, identifying tools for integrating a risk-based approach, a spatial and chronological approach to change management when developing a personnel competency model. An analysis of the applicability of the theoretical research model was carried out in the practice of planning a project for the development of a production system at a high-tech enterprise in the Krasnoyarsk Territory, implementing a strategy of rapid innovative growth.

KNOWLEDGE ECONOMY

604-613 48
Abstract

At the moment, Russian Federation is going through the stage of the third industrialization. The previous two stages, that took place in the imperial period of the 19th century and in the Soviet period of the first half of the 20th century, demonstrated a high degree of efficiency. The experience accumulated during these periods remains relevant for modern representatives of the industrial sector and government industry regulation agencies. There is a vast number of studies, both Soviet and contemporary, that are devoted to the Soviet stage of industrialization. At the same time, the problems of the industrialization of the pre-revolutionary period, especially those of the initial stage dating back to the reign of Alexander I and Nicholas I, are studied to a much lesser extent. It should be noted that when studying the pre-revolutionary industrialization, Soviet authors primarily focused on analyzing global macroeconomic processes, rather than management mechanisms and specific management methods. Thus, the history of the first industrialization of Russia contains a completed “management case” which has not been properly analyzed from the point of view of management, not economic history. Of particular value to this “case” is the possibility of analyzing the “survivability”, the feasibility of certain approaches to management on our national basis, in our socio-cultural conditions. To solve the tasks of introducing this “management case” into the scientific circulation, the author has analized the management structures and mechanisms that ensured successful implementation of the industrial revolution (the early stage of industrialization) on the territory of the Russian Empire in the first half of the 19th century.

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