Mechanism of import substitution regulation in the construction industry

The article is devoted to the study of the directions of ensuring and increasing competitiveness of construction industry companies through the diversification of their activities, taking into account various features of import substitution of construction materials in the industry market. The article examines the consequences of import substitution at various levels of economic development of the state, which have an impact on the mechanisms of stimulating the production of construction materials. Timely adaptation of the legal framework and technical regulation norms for the production of domestic construction materials, including for the Donetsk People's Republic, will contribute to further promotion of innovative products in the market of construction products. One of the most significant areas of the search for advantages over competitors is the identification of their level of import substitution in the construction industry. This entails the development of mechanisms for regulating the construction materials production to ensure a high level of competitiveness of manufactured products. The research results can be used by the state authorities of the Donetsk People's Republic when developing and adopting a regulatory framework taking into account the strategic development of the construction industry, as well as spatial development.

construction industry, diversification, construction materials production, import substitution, regulatory mechanism, regulatory support, import substitution stimulation