Assessing the level of self-sufficiency of regional manufacturing with the participation of development institutions

About the author:

Aliya U. Farkhutdinova, Cand. Sci. (Econ.), Senior Researcher of the Department of Regional Finance and Budget and Tax Policy, Institute of Social and Economic Research of the Ufa Federal Research Center of the Russian Academy of Sciences, Ufa, Russia

aliya_2186@bk.ru, https://orcid.org/0000-0002-8080-7343, Researcher ID: AAR-8941-2021, Author ID: 1052251

Abstract:

In the context of macroeconomic instability, the disruption of many production and technological chains, and high dependence on imports, the need to develop regional production potential and increase its self-sufficiency is growing. It is substantiated that development institutions are one of the tools for meeting the financial and investment needs of manufacturing and increasing its self-sufficiency. The aim of the study is to clarify the role of the Industrial Development Fund (IDF) in ensuring the self-sufficiency of leading regions of the Volga Federal District (VFD) and to develop strategies for improving it. A methodology for assessing self-sufficiency is proposed, including indicators of industry performance and the IDF’s investment activity. The principles of aggregating indicators into an integrated self-sufficiency index are described. A downward trend in the average size of investment projects supported by the IDF is established. It is revealed that an increase in the share of institute investments does not always correlate with an increase in the total amount invested in the industry. An assessment of the industry’s self-sufficiency in the top five regions of the VFD reveals its potential for growth. It is substantiated that the use of strategies aimed at industrial development in more developed regions should be combined with measures to support manufacturing in less developed regions to ensure balanced growth of their industrial complexes. Practical application of the developed methodology can improve the quality of management decisions aimed at enhancing the investment attractiveness and self-sufficiency of the industry.

References:

Byvshev, V. I., Pisarev, I. V., & Dryannykh, E. E. (2024). About institutions of innovative development in Russia. Herald of Omsk University. Series “Economics”, 22(3), 14–23. https://www.elibrary.ru/iyejkc [In Russian]

Ivanov, P. A. (2025). Assessment of economic specialization of the manufacturing industry from the position of ensuring financial self-sufficiency of the region. Economics and Management: Problems, Solutions, 8(8), 140–149. https://www.elibrary.ru/wcfevg [In Russian]

Kosinskiy, P. D., Zubova, A. V., & Yurzina, T. A. (2022). Methodological approaches to assessing self-sufficiency of municipal budget. Regional Economics and Management: Electronic Scientific Journal, (3), 7102. https://www.elibrary.ru/xwound [In Russian]

Onaltayev, D. O., Bertayeva, K. Zh., Akimbayeva, K. T., & Zhandaraly, Z. E. (2025). Key problems of Kazakhstan’s financial development institutions. Statistics, Accounting and Audit, (3), 109–127. https://doi.org/10.51579/1563-2415.2025.-3.09 [In Russian]

Palash, S. V. (2019). Evaluation of the effectiveness of the Industrial Development Fund in implementing structural industrial policy. Journal of Economy and Entrepreneurship, (6), 266–274. [In Russian]

Potekhina, E. N. (2026). Comprehensive assessment of level of industrial and economic self-sufficiency of the Republic of Tatarstan. Science Bulletin, 1(2), 139–165. https://doi.org/10.24412/2712-8849-2026-295-139-165 [In Russian]

Rajkhlina, А. V., & Patrusheva, E. G. (2024). Modernization of regional development institutions: Ecosystem approach. ECO, (54), 201–215. https://doi.org/10.30680/ECO0131-7652-2024-2-201-215 [In Russian]

Rasulova, D. V. (2026). International financial institutions and their strategic role in the economic development of Uzbekistan. International Journal of Social Science & Interdisciplinary Research, 15(03), 100–107. [In Russian]

Starikov, E. N., Evseeva, M. V., & Naumov, I. V. (2022). Managing industrial growth: the role of development funds. The Manager, 13(3), 16–29. https://doi.org/10.29141/2218-5003-2022-13-3-2 [In Russian]

Stepanov, N. S. (2023). Modernization of the Industry Development Fund to create effective import substitution in today’s environment. Tomsk State University Journal of Economics, (61), 5–16. https://doi.org/10.17223/19988648/61/1 [In Russian]

Stepanov, N. S. (2025) Technological sovereignty and structural adaptation of the economy with the support of the Industrial Development Fund. Tomsk State University Journal of Economics, (69), 7–20. https://doi.org/10.17223/19988648/69/1 [In Russian]

Frolov, A. A. (2024). The role of development institutions in ensuring the country technological progress (on the example of the Orel region). Scientific Works of the Free Economic Society of Russia, 248(4), 591–603. EDN XYOGSZ. https://doi.org/10.38197/2072-2060-2024-248-4-591-603 [in Russian]

Jiang, J., Frolova, E. D., & Frolov, A. A. (2025). Development institutions and the pursuit of technological sovereignty: A comparative study of China and Russia. Economy of Regions, 21(3), 741–757. https://doi.org/10.17059/ekon.reg.2025-3-12 [In Russian]

Chuchkalova, S. V. (2022). Integrated assessment of the innovation security of the region. Economics and Management: Problems, Solutions, 3(8), 127–134. https://doi.org/10.36871/ek.up.p.r.
2022.08.03.015 [In Russian]

Chulanova, Z. K., & Brimbetova, N. Zh. (2025). The financial self-sufficiency of the Western Kazakhstan regions and mechanisms of their self-development. The Bulletin of the Academy of Sciences of the Republic of Kazakhstan, 2(414), 603–619. https://doi.org/10.32014/
2025.2518-1467.947

Djansena, A., & Aritonang, S. (2026). Navigating risk and innovation: Framework for improving Indonesia’s defense industry competitiveness through strategic collaboration. Journal of Humanities and Social Studies, 9(1), 269–275. https://doi.org/10.33751/jhss.v9i1.11961

Jeong, S., Jung, M., & Yoon, H. J. (2026). Strategic responses to China’s overcapacity: A system dynamics analysis of South Korea’s petrochemical industry. Energy Sources, Part B: Economics, Planning, and Policy, 21(1), 2603659. https://doi.org/10.1080/15567249.2025.2603659

Kajima, J. (2026). The impact of the heavy-industry-priority strategy: The textile and machinery industries. In Shanghai under the Socialist System: The Impact of the Planned Economy and the Socialist Transformation (pp. 169–187). Springer Nature Singapore. https://doi.org/10.1007/978-981-95-3225-4_8

Petrovich, C., Branchetti, S., & D’Agosta, G. (2025). Parametrization of self-consumption and self-sufficiency in Renewable Energy Communities: A case study application. Energy, Ecology and Environment, 10(65), 324–351. https://doi.org/10.1007/s40974-025-00353-z

Schmidhäuser, P., Inhofer, M., Buchholz, A., Mais, F., & Miehe, R. (2024). Industrial sufficiency: A conceptual methodological framework. Sustainability, 16(24), 11121. https://doi.org/10.3390/su162411121