Export Diversification in the Gulf: The Kuwait Experience

Atlas of economic complexity, Russian regional pages

Voprosy Ekonomiki ◽

10.32609/0042-8736-2018-6-71-91 ◽

2018 ◽

pp. 71-91 ◽

Cited By ~ 2

Author(s):

I. L. Lyubimov ◽

M. V. Lysyuk ◽

M. A. Gvozdeva

Keyword(s):

Value Added ◽

Growth Strategy ◽

Gdp Per Capita ◽

Export Diversification ◽

Russian Regions ◽

Economic Complexity ◽

Diversification Strategies ◽

Central Regions ◽

Per Capita ◽

Regions Of Russia

Well-established results indicate that export diversification might be a better growth strategy for an emerging economy as long as its GDP per capita level is smaller than an empirically defined threshold. As average incomes in Russian regions are likely to be far below the threshold, it might be important to estimate their diversification potential. The paper discusses the Atlas of economic complexity for Russian regions created to visualize regional export baskets, to estimate their complexity and evaluate regional export potential. The paper’s results are consistent with previous findings: the complexity of export is substantially higher and diversification potential is larger in western and central regions of Russia. Their export potential might become larger if western and central regions, first, try to join global value added chains and second, cooperate and develop joint diversification strategies. Northern and eastern regions are by contrast much less complex and their diversification potential is small.

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Intra-industry and inter-industry trade through the lens of comparative and absolute advantage

Voprosy Ekonomiki ◽

10.32609/0042-8736-2016-10-112-128 ◽

2016 ◽

pp. 112-128

Author(s):

A. Gnidchenko

Keyword(s):

International Trade ◽

Product Quality ◽

Vital Role ◽

Increasing Returns ◽

Traditional View ◽

Export Diversification ◽

Industry Trade ◽

Long Time ◽

Absolute Advantage

The article surveys the literature that emphasizes the importance of comparative and absolute advantages for intra- and inter-industry trade. Two conclusions follow form the survey. First, unlike the traditional view, intra-industry trade is determined rather by technology than by increasing returns. Second, absolute advantages that have been ignored in international trade models for a long time play a vital role through their linkages with product quality and export diversification. We also discuss a new strand of literature that models international trade with the assumption of non-homothetic preferences.

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