Towards increased complexity in Russian regions : networks, diversification and growth

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Title: Towards increased complexity in Russian regions : networks, diversification and growth
ISBN: 978-952-323-221-1
Author: Lyubimov, Ivan ; Gvozdeva, Margarita ; Lysyuk, Maria
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Discussion Papers
ISSN: 1456-5889
Series year: 2018
Series number: 8/2018
Year of publication: 2018
Publication date: 16.4.2018
Pages: 34
Subject (yso): alueet; vienti; verkostot
Keywords: Bofit-kokoelma; Venäjä
JEL: O14; O25; R11
Other keywords: economic complexity; diversification; Russian regions; network analysis; network centrality
Abstract: Following Hausmann et al. (2011), we apply a network approach to measure the level of economic complexity and diversification opportunities of Russian regions. Using Russian and international export data, we find that the complexity of Russian regional economies varies substantially: rela-tively high in western and central regions, lower in southern and northern Russia and lowest in eastern regions. While Russian regions, on average, have poor diversification opportunities, regions can still diversify their exports by participating in international value-added chains or cooperating in developing group strategies. Our results are highly consistent with two well-established rankings of Russian regional R&D development based on numerous regional indicators, and imply that our network-based measure of complexity captures important features such as the level of regional R&D.
Table of contents: Abstract 4 Introduction 5 Method 7 Data 17 Results 19 Concluding remarks 26 References 28 Appendix I 30 Appendix II 32

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