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Structural features of Russian economy integration into global value chains and lessons for structural policy

Author

Listed:
  • Fedyunina, A.

    (Centre for Structural Policy Research, National Research University "Higher School of Economics", Moscow, Russia)

  • Simachev, Yu.

    (Centre for Structural Policy Research, National Research University "Higher School of Economics", Moscow, Russia)

  • Kuzyk, M.

    (Centre for Structural Policy Research, National Research University "Higher School of Economics", Moscow, Russia)

  • Averyanova, Yu.

    (International Laboratory of Intangible-driven Economy, National Research University "Higher School of Economics", St. Petersburg, Russia)

Abstract

Features of the country's integration into global production today best reflect its competitive advantages and growth prospects. This paper provides an analysis of long-term trends in the features of integration of the Russian economy into global value chains (GVCs). Three cases of industrial upgrading in forestry, food and chemical industries are analyzed. In the case of a significant lag in the industry from the global technological frontier, attracting foreign investment and importing technology is the easiest way to integrate the economy into GVCs. For end-user-oriented sub-sectors, this means quick adaptation of organizational and marketing innovations, satisfaction of changing consumer preferences, and the formation of new markets and market niches. Moreover, based on the best practices of Russian and foreign companies, the technological level of lagging domestic companies may advance. For sub-sectors focused on intermediate goods, the introduction of technologies can determine an increase in the depth of redistribution in the sector and the subsequent increase in the production capacities of domestic companies based on the best practices of foreign companies.

Suggested Citation

  • 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.
    • Handle: RePEc:nea:journl:y:2020:i:47:p:106-127
    DOI: 10.31737/2221-2264-2020-47-3-5
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    References listed on IDEAS

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    Cited by:

    1. Igor Drapkin & Anna Fedyunina & Yuri Simachev, . "GVC spillovers on total factor productivity of local firms: evidence from the Russian Federation," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    2. Simachev, Yu. & Fedyunina, A. & Gorodny, N., 2022. "Global advanced manufacturing markets - a new opportunity for Russia's technological upgrade," Journal of the New Economic Association, New Economic Association, vol. 53(1), pages 202-212.

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    More about this item

    Keywords

    Russian economy; technological upgrading; structural policy; structural changes; global value chains;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production

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