Structural shifts in the industry of Arctic regions of Russia

Abstract

The concept of modernization of industry adopted as an imperative for development of the Russian economy requires clarification and specification in the process of its implementation with regard to the regional level of the economy. Taking into account the regional economic conditions, the composition and structure of the basic industries and the corresponding main directions of technological development of the industry are of particular importance. The article deals with the problem of determining main directions of technological development of industry in the Arctic regions of Russia. To this end, an analysis of structural shifts in industry in Arctic regions was carried out. The basis of the research methodology was the shift-share analysis and the location quotient. The shift-share analysis was used in its classical interpretation. The studied period is from 2005 to 2016, the base year is 2005. The parameter was gross value added. As a result of the accomplished analysis, branches of specialization were identified and the main factors of structural changes in formation of the gross added value of the industry of the Arctic regions were determined. This made it possible to determine the main content of the regional industrial policy and corresponding main directions of technological development for regions of the Russian Arctic.

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