Factors of Industrial Production Dynamics

Abstract

The interconnection between industrial development and processes taking place in economy is an ever-lasting issue, irrespective of the share of industrial sector in economy. Identifying factors affecting industrial production dynamics is an acute problem but not a commonplace. The article shows landmarks of Russian economy re-industrialization. The goal is to find parameters of interconnection between industrial development and the development of economy in general. Analysis of statistic information concerning indices of industrialized countries' development demonstrated that long-term acceleration of these countries' development was based on their industrial component speeding-up. The authors proved that there is a unique quantitative index of economy quality and its industrial sector, which characterizes the ability of these macro-systems to the long-term acceleration of their development. The range of quantitative correlation between indices of economy quality and industry quality formed for the big countries-technological leaders of the world is identified. The mentioned approaches to analyzing natural laws of transforming industrial economy can be used for goal-setting in industrial policy and choosing mechanisms for raising efficiency of economic system as a whole (industrial conglomerates, regional industrial complexes, industrial spheres of economy in general) by choosing more effective directions of investment policy.

Keywords

• industrial production dynamics
• re-industrialization strategy
• factors of entrepreneurial activity
• factor of entrepreneurial confidence
• indicative planning
• technical and economic foresight