Authors: E.A. Taran, E.V. Slesarenko

Title of the article: The reproductive basis of import substitution: capital accumulation, technology consumption, and structural transformation

Year: 2026, Issue: 1, Pages: 36-42

Branch of knowledge: 5.2.1 Economics

Index UDK: 338.242

DOI: 10.26730/2587-5574-2026-1-36-42

Abstract: This article examines the phenomenon of import substitution through the lens of the interrelationship between capital accumulation and technology consumption as drivers of economic structural transformation. It argues that sustainable import substitution is not so much the result of protectionist measures as the consequence of a targeted redistribution of national income and resources in favor of accumulation in strategic sectors producing capital goods and the formation of mass domestic demand for high-tech products. The aim of the paper is to uncover the relationship between accumulation and high-tech consumption as the reproductive basis for overcoming import dependence. The theoretical analysis is based on a synthesis of Marxist reproduction theory, Keynesian and Post-Keynesian approaches to investment, the evolutionary theory of technological change, and concepts of catch-up development. The study identified mechanisms through which state structural policy can close reproduction loops, creating internal sources for the continuous renewal of fixed capital and the creation of innovations.

Key words: import substitution capital accumulation technology consumption structural transformation reproduction structural policy

Receiving date: 10.02.2026

Approval date: 18.02.2026

Publication date: 12.03.2026

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