Abstract
Analysis of import substitution processes is one of the urgent problems for many countries in the context of deglobalization of the world economy. Mathematical methods of convex analysis make it possible to construct a model of input-output balance with non-linear production functions. It can be identified from the official statistics of input-output tables. This model allows us to describe the substitution of production factors. The elasticity of substitution can be estimated using the solution of the Yang dual problem. With the help of the developed model for industries with a significant share of imports, the possibility of replacing imported production factors with domestic ones is studied on the example of the Russian economy.
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This work was supported by the Russian Science Foundation grant no. 23-21-00429.
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Rassokha, A., Obrosova, N. (2023). Analysis of Import Substitution Processes Taking into Account Industry Specifics in the Regional Economy. In: Olenev, N., Evtushenko, Y., Jaćimović, M., Khachay, M., Malkova, V. (eds) Optimization and Applications. OPTIMA 2023. Lecture Notes in Computer Science, vol 14395. Springer, Cham. https://doi.org/10.1007/978-3-031-47859-8_20
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