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Trade specialisation patterns: the case of Russia

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  • Algieri, Bernadina

Abstract

This paper considers trade specialisation in Russia, examining changes in trade patterns at the sectoral level over the transition period.Trade based on inter-industry specialisation and intra-industry trade (IIT) are empirically distinguished using the Aquino and Grubel- Lloyd indices.The Aquino index is applied to measure the degree of inter-industry specialisation by sector, while the Grubel-Lloyd index is used to establish the level of IIT between industries.The empirical results support recent trade theory, which predicts an increasing level of intra-industry trade with liberalisation processes.They also suggest how inter- and intra-industry trade coexist.The final econometric estimation of the factor content of Russia's exports (specialisation in resource-intensive products) supports the index analysis.

Suggested Citation

  • Algieri, Bernadina, 2004. "Trade specialisation patterns: the case of Russia," BOFIT Discussion Papers 19/2004, Bank of Finland Institute for Emerging Economies (BOFIT).
  • Handle: RePEc:zbw:bofitp:bdp2004_019
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