Evaluation of Structural Factors’ Effect on Industrial Production Efficiency

Industrial policy is the most important part of state global economy policy. One of its primary goals is to create advantageous economic-organizing conditions providing economy with stabilization and industrial production development. Long-term and purposeful industry policy research is particularly important for the Russian Federation, where industry always played a significant part in formation of encompassing economical performance of the country. Since 1992 industry potential has deeply fallen, and now we have reasons for talking about system crisis in this prime sector of real economy. During the last decade called as transition period structural reorganization of economy was performed. Share of services increased essentially in total production volume, material production decreased and at present it’s less than half GDP. Decline of industry production was accompanied with its sectional structure change. For the years of reforms share of extracting fields still more grew, share of engineering branches decreased essentially. Such changes influence competitive strength in technology and opportunities for hi-tech production development in Russia. In given article we have stated a problem of analysis necessity for state production policy conducted in Russia, including analysis of most significant industry section efficiency ratios. Industrial policy is the most important part of state global economy policy defining reference points and priorities of industrial production economic development and organising the base for its competitiveness increasing. One of its primary goals is to create advantageous economic-organising conditions providing economy with stabilisation and industrial production development. Long-term and purposeful industry policy research is particularly important for the Russian Federation, where industry always played a significant part in formation of encompassing indexes of economy performance of the country. Data on production accounts divided by economy fields for the period since 1992 through 2000 is shown in Table 1. Table 1: GROSS VALUE ADDED STRUCTURE (IN PERCENTS) Years 1992 1993 1994 1995 1996 1997 1998 1999 2000 Gross Value Added 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Total production, 50.42 52.83 50.76 51.09 45.47 42.82 42.70 44.99 46.87 including industrial production 35.13 35.68 34.00 34.09 29.64 28.42 29.08 32.07 32.45 Services production 49.58 47.17 49.24 48.91 54.53 57.18 57.30 55.01 53.13