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The Competitive Potential of the Belorussian Economy

Author

Listed:
  • Migranyan, A.

    (Department of Economics of the Institute of CIS Countries, Moscow, Russia)

Abstract

The article is an attempt to study the factors of the competitive capacity of Belorussian economy. There are two groups of factors of competitive potential and competitive advantages' formation: internal (changes in resource allocation) and external factors (adaptation to external shocks). The study found that the main source of the increase of competitive capacity of the Belorussian economy were foreign. The competitive potential of Belarus was formed on the basis of the increased exports. However, the high level of dependency on import and financial inflows, inefficient use of the resource base and production factors had led to a decrease in the competitive potential.

Suggested Citation

  • Migranyan, A., 2014. "The Competitive Potential of the Belorussian Economy," Journal of the New Economic Association, New Economic Association, vol. 21(1), pages 181-186.
    • Handle: RePEc:nea:journl:y:2014:i:21:p:181-186
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    More about this item

    Keywords

    competitive potential; export-oriented model of economy; net investments and withdrawals; productivity; inflation;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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