IDEAS home Printed from https://ideas.repec.org/p/sek/iefpro/11413244.html
   My bibliography  Save this paper

Specialization of Russia in international trade: development in the changing international environment

Author

Listed:
  • Andrey Pushkarev

    (Ural Federal University, Ekaterinburg)

  • Natalia Davidson

    (Ural Federal University, Ekaterinburg)

  • Oleg Mariev

    (Ural Federal University, Ekaterinburg)

  • Nikita Luft

    (Ural Federal University, Ekaterinburg)

Abstract

International economic relations are important for the countries? economic growth, especially in the modern world of global value chains and rapid technological development. Russia is known for its comparative advantage in natural resources and for its intentions to diversify the economy. Indeed, specialization in natural resources is not associated with sustainable economic growth. We analyze Russia?s specialization in trade over the period 2009-2018 including the year 2014 when economic and financial sanctions were introduced. We follow the dynamics of Russia?s comparative advantages in different categories of goods in trade with all world countries, BRICS countries and Eurasian Economic Union over these years. Our aim is to shed more light on the current specialization of Russia in order to understand the possibilities of diversifying the economy. We analyze short term consequences of difficulties in international relations that Russia faces, and provide an insight into the long run development of trade. We conclude that Russia currently has a prevailing comparative advantage in material-intensive industries and needs to develop innovations in order to diversify its economy and obtain a comparative advantage in the other categories of goods, including high-tech sector. The results can be useful for development of economic policy.

Suggested Citation

  • Andrey Pushkarev & Natalia Davidson & Oleg Mariev & Nikita Luft, 0000. "Specialization of Russia in international trade: development in the changing international environment," Proceedings of Economics and Finance Conferences 11413244, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:11413244
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/15th-economics-finance-conference-lisbon/table-of-content/detail?cid=114&iid=012&rid=13244
    File Function: First version, 0000
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrea Zaghini, 2005. "Evolution of trade patterns in the new EU member states," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(4), pages 629-658, October.
    2. Ivan Savin & Peter Winker, 2009. "Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 1(2), pages 111-138, November.
    3. Anna Fedyunina & Yuliya Averyanova, 2019. "Import and export of high-tech products in Russian manufacturing companies," Russian Journal of Economics, ARPHA Platform, vol. 5(2), pages 199-210, July.
    4. Olga Garanina, 2009. "What beyond oil and gas? Russian trade specialisation in manufactures," Post-Communist Economies, Taylor & Francis Journals, vol. 21(1), pages 1-29.
    5. Ivan Lyubimov, 2019. "Russia’s diversification prospects," Russian Journal of Economics, ARPHA Platform, vol. 5(2), pages 177-198, July.
    6. Thomas Vollrath, 1991. "A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(2), pages 265-280, June.
    7. Natalia Davidson & Oleg Mariev & Andrey Pushkarev, 2018. "The Impact of Externalities on the Innovation Activity of Russian Firms," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(3), pages 62-72.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Irena BENESOVA & Mansoor MAITAH & Lubos SMUTKA & Karel TOMSIK & Natalia ISHCHUKOVA, 2017. "Perspectives of the Russian agricultural exports in terms of comparative advantage," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(7), pages 318-330.
    2. Beňo, Michal, 2021. "E-working: Country Versus Culture Dimension," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    3. Nendissa, Doppy Roy & Anindita, Ratya & Khoiriyah, Nikmatul & Sa’diyah, Ana Arifatus, 2021. "Consumption and Beef Price Changes on Demand in East Nusa Tenggara, Indonesia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    4. Viet V. Hoang, 2019. "Investigating the evolution of agricultural trade specialization in transition economies: A case study from Vietnam," The International Trade Journal, Taylor & Francis Journals, vol. 33(4), pages 361-378, July.
    5. Widarjono, Agus & Mumpuni Ruchba, Sarastri, 2021. "Demand for Meat in Indonesia: Censored AIDS Model," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    6. Carraresi, Laura & Banterle, Alessandro, 2015. "Agri-food Competitive Performance in EU Countries: A Fifteen-Year Retrospective," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(2), pages 1-26, May.
    7. Jürgen Meckl & Ivan Savin, 2018. "Factor-Biased Technical Change and Specialization Patterns," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(2), pages 75-100, June.
    8. Bojnec, Stefan & Ferto, Imre, 2009. "Former Central European Free Trade Agreement countries’ agri-food trade specialisation," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 58(08), pages 1-9, November.
    9. Popa Angela Cristina, 2012. "ROMANIAâ€(tm)S SPECIALIZATION IN TRADE TOWARDS EU-27 - A REVEALED COMPARATIVE ADVANTAGE APPROACH," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 54-60, July.
    10. Kudryashova, Ekaterina & Casetti, Michele, 2021. "The Internet of Things - the Nearest Future of Viticulture," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    11. Natalia Ishchukova & Luboš Smutka, 2013. "Revealed comparative advantage of Russian agricultural exports," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(4), pages 941-952.
    12. Irina Marilena Ban, 2017. "Measuring trade specialization dynamics: the case of Romania and Bulgaria," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(2), pages 229-248, May.
    13. Cima, Elizabeth Giron & Freire da Rocha-Junior, Weimar & Uribe-Opazo, Miguel Angel & Dalposso, Gustavo Henrique, 2021. "Modifiable Areal Unit Problem (MAUP): Analysis of Agriculture of the State of Paraná-Brazil," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    14. Látečková, Anna & Trnková, Michaela, 2021. "Cloud Computing in Agricultural Enterprises in Slovakia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    15. Bojnec, Štefan & Fertő, Imre, 2014. "Forestry industry trade by degree of wood processing in the enlarged European Union countries," Forest Policy and Economics, Elsevier, vol. 40(C), pages 31-39.
    16. Imre Ferto, 2007. "The Dynamics of Trade in Central and Eastern European Countries," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(1), pages 5-23.
    17. Darmawan, Dwi Putra & Arisena, Gede Mekse Korri & Utami, Ni Wayan Febriana & Krisnandika, Anak Agung Keswari, 2021. "The Dynamics of the Social Network of Urban Farmers in Subak Sembung Denpasar," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    18. Zdráhal, Ivo & Hrabálek, Martin & Kadlec, Petr & Krpec, Oldřich, 2021. "Brazil's Comparative Advantages and Specialization Dynamics in Agri-food Trade," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(2), June.
    19. Ivo Zdráhal & Nahanga Verter & Barbora Daňková & Jan Kuchtík, 2019. "Products Mapping' and Agri-Food Trade between Nigeria and ECOWAS Member Countries," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 67(5), pages 1379-1392.
    20. Andrea Zaghini, 2006. "Commercial Specialisation in the Countries of Central-Eastern Europe," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 3, July.

    More about this item

    Keywords

    Comparative advantage; Balassa index; Lafay index; specialization; international trade; export; Russian regions;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iefpro:11413244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.