Economic Complexity of Russian Regions and their Potential to Diversify

I. Lyubimov, M. Gvozdeva, Maria Kazakova and Kristina Nesterova
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I. Lyubimov: Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia
M. Gvozdeva: Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Journal of the New Economic Association, 2017, vol. 34, issue 2, 94-122

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.

Keywords: economic growth; diversification of economy; comparative advantages; economic complexity of Russian regions; product space (search for similar items in EconPapers)
JEL-codes: F10 F14 O10 O14 O18 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2017:i:34:p:94-122

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