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The article is aimed to theorize the basis for valuating regional sectoral economic cycles stages and develop an algorithm of decision-making on innovative import substitution and export under regional cyclicity conditions. The methodology of the study is based on the thesis stating that the cycle stage reflects supply and demand rate on production factors and results, describes market expectations and in that regard is important in making decisions on production, investments and regional import substitution and export policy. Current scientific researches evaluating import substitution and export often fail to consider that regional sectoral cycles may significantly vary from the national one which may lead to wrong conclusions and management decisions. When addressing this problem, the authors proposed a “demand-markets-industry cycles” approach. It allows all stakeholders (manufacturers, investors, and regional authorities) to get information on most popular goods groups for innovative import substitution, state preferences, and also to make decisions on production, investments, import substitution and export policy based upon a certain stage of the regional cycles. |
