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Economic Complexity of Russian Regions and their Potential to Diversify

Author

Listed:
  • Lyubimov, I.

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

  • Gvozdeva, M.

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

  • Kazakova, M.

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia
    Gaidar Institute for Economic Policy, Moscow, Russia)

  • Nesterova, K.

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

Abstract

The author estimates the level of economic complexity for Russian regions, as well as their potential to diversify exports. We construct an export database that provides export data for 80 Russian regions to use along with a larger dataset of 148 countries. This database gives a comprehensive view of Russian regions export products. We also account for the regional origin of products exported, which allows us to estimate the level of complexity of Russian regional economies more accurately. We provide taxonomy of the regions by a level of complexity of export industries and then for the policy purposes we evaluate opportunities for further export development by region. We pick up two Russian regions' to illustrate our main findings. Our results fall in line with works by (Hausmann et al., 2007; Hidalgo et al., 2007), which show a positive relationship between economic complexity and potential for the development of regional export industries.

Suggested Citation

  • Lyubimov, I. & Gvozdeva, M. & Kazakova, M. & Nesterova, K., 2017. "Economic Complexity of Russian Regions and their Potential to Diversify," Journal of the New Economic Association, New Economic Association, vol. 34(2), pages 94-122.
    • Handle: RePEc:nea:journl:y:2017:i:34:p:94-122
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Hidalgo, César A., 2023. "The policy implications of economic complexity," Research Policy, Elsevier, vol. 52(9).
    2. Shubin, I., 2021. "Correlation between economic complexity and economic development in different types of Russian regions," Journal of the New Economic Association, New Economic Association, vol. 51(3), pages 144-161.
    3. Ivan V. Nikonov & Anton I. Votinov, 2018. "The Theory of Economic Complexity: A Study of Armenia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 121-131, August.
    4. Fedyunina, A. & Simachev, Yu. & Kuzyk, M. & Averyanova, Yu., 2020. "Structural features of Russian economy integration into global value chains and lessons for structural policy," Journal of the New Economic Association, New Economic Association, vol. 47(3), pages 106-127.
    5. Evgeniy Kutsenko & Yaroslav Eferin, 2019. "“Whirlpools” and “Safe Harbors” in the Dynamics of Industrial Specialization in Russian Regions," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(3), pages 24-40.
    6. Marina V. Evseeva, 2020. "Technological differentiation in the development of the Ural macroregion’s subjects," Journal of New Economy, Ural State University of Economics, vol. 21(3), pages 132-157, October.
    7. Dmitry Kuznetsov, 2021. "Export Product Scope of Russian Firms and Proximity to Local Comparative Advantages [Ассортимент Экспорта Российских Предприятий И Близость К Локальным Сравнительным Преимуществам]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 56-81, February.

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    More about this item

    Keywords

    economic growth; diversification of economy; comparative advantages; economic complexity of Russian regions; product space;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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