Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda
Russia's exports became further dominated by petroleum and natural gas over the last decade. The sector experienced double-digit annual export growth in the last decade and represented almost 65 percent of Russia's exports value in 2009 a...
| Main Author: | |
|---|---|
| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/07/16400555/russian-federation-export-diversification-through-competition-innovation-policy-agenda http://hdl.handle.net/10986/13012 |
| id |
okr-10986-13012 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TARIFF ADVERSE EFFECTS ADVERSE IMPACT AGRICULTURE ALLOCATIVE EFFICIENCY ARABLE LAND AVERAGE PRODUCTIVITY BANKRUPTCY BARLEY BEST PRACTICE BEST-PRACTICE BINDING CONSTRAINTS BUDGET ALLOCATION BUSINESS ENVIRONMENT BUSINESS INVESTMENTS BUSINESS SECTOR BUSINESSES CAPABILITIES CAPACITY DEVELOPMENT CARTEL CERTIFICATE CERTIFICATES COLLUSION COMMERCIAL BANKS COMMERCIALIZATION COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ECONOMICS COMPETITION POLICIES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVE MARKETS COMPETITIVENESS CONTESTABILITY CORPORATE GOVERNANCE CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DIVISION OF LABOR DOMESTIC COMPETITION DOMESTIC INVESTORS DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORM ECONOMIC SECTORS ELECTRICITY EMERGING ECONOMIES EMPIRICAL ANALYSIS ENDOGENOUS VARIABLES ENERGY EFFICIENCY ENERGY PRICES ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT BASE EXPORT GROWTH EXPORT MARKETS EXPORT PROMOTION EXPORT SECTORS EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FIRM GROWTH FIRM PERFORMANCE FIXED ASSETS FIXED COSTS FOREIGN FIRMS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TRADE FORESTRY GDP GDP PER CAPITA GLOBAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT REGULATIONS GREY MARKET GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCORPORATED COMPANIES INCORPORATED COMPANY INFLATION INFLATION RATES INNOVATION INNOVATION POLICIES INNOVATION POLICY INSPECTIONS INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL BEST PRACTICES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTMENT VEHICLE LABOR PRODUCTIVITY LEGAL FRAMEWORK LICENSES LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANY LINE OF CREDIT LONG-TERM INVESTMENTS MANAGERIAL SKILLS MANUFACTURING MARKET ACCESS MARKET ACCESS NEGOTIATION MARKET DISTORTIONS MARKET DOMINANCE MARKET ENTRY MARKET ENTRY COSTS MARKET FRAGMENTATION MARKET REGULATIONS MARKET STRUCTURE MARKETPLACE MENU MIDDLE INCOME COUNTRIES MONOPOLY NATURAL RESOURCE NEW MARKETS NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES OIL OPEN ECONOMY OUTPUT OUTPUTS OUTSOURCING OWNERSHIP RIGHTS PATENTS PER CAPITA INCOME POLITICAL ECONOMY PORTFOLIO POWER OUTAGES PRICE CONTROLS PRICE INCREASES PRIVATE SECTOR PRIVATE SECTOR INVESTMENTS PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROCUREMENT PRODUCERS PRODUCT DEVELOPMENT PRODUCT INNOVATION PRODUCT MARKET PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY GROWTH QUOTAS R&D RED TAPE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESULT RESULTS RETAIL RETAIL PRICES RISK OF EXPROPRIATION SALES SHAREHOLDERS SKILLED WORKERS SUPPLY CHAIN TARIFF BARRIERS TAX TAX BREAKS TAX CODE TAX LIABILITIES TAX RATES TAX REVENUES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL SALES TRADE OPPORTUNITIES TRADE OUTCOMES TRADE POLICY TRADEMARK TRADES TRADING SYSTEM TRANSFER OF OWNERSHIP TRANSITION ECONOMIES VARIABLE COSTS VENTURE CAPITAL WAGES WAREHOUSE WHOLESALE MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ACCESS TARIFF ADVERSE EFFECTS ADVERSE IMPACT AGRICULTURE ALLOCATIVE EFFICIENCY ARABLE LAND AVERAGE PRODUCTIVITY BANKRUPTCY BARLEY BEST PRACTICE BEST-PRACTICE BINDING CONSTRAINTS BUDGET ALLOCATION BUSINESS ENVIRONMENT BUSINESS INVESTMENTS BUSINESS SECTOR BUSINESSES CAPABILITIES CAPACITY DEVELOPMENT CARTEL CERTIFICATE CERTIFICATES COLLUSION COMMERCIAL BANKS COMMERCIALIZATION COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ECONOMICS COMPETITION POLICIES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVE MARKETS COMPETITIVENESS CONTESTABILITY CORPORATE GOVERNANCE CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DIVISION OF LABOR DOMESTIC COMPETITION DOMESTIC INVESTORS DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORM ECONOMIC SECTORS ELECTRICITY EMERGING ECONOMIES EMPIRICAL ANALYSIS ENDOGENOUS VARIABLES ENERGY EFFICIENCY ENERGY PRICES ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT BASE EXPORT GROWTH EXPORT MARKETS EXPORT PROMOTION EXPORT SECTORS EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FIRM GROWTH FIRM PERFORMANCE FIXED ASSETS FIXED COSTS FOREIGN FIRMS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TRADE FORESTRY GDP GDP PER CAPITA GLOBAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT REGULATIONS GREY MARKET GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCORPORATED COMPANIES INCORPORATED COMPANY INFLATION INFLATION RATES INNOVATION INNOVATION POLICIES INNOVATION POLICY INSPECTIONS INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL BEST PRACTICES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTMENT VEHICLE LABOR PRODUCTIVITY LEGAL FRAMEWORK LICENSES LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANY LINE OF CREDIT LONG-TERM INVESTMENTS MANAGERIAL SKILLS MANUFACTURING MARKET ACCESS MARKET ACCESS NEGOTIATION MARKET DISTORTIONS MARKET DOMINANCE MARKET ENTRY MARKET ENTRY COSTS MARKET FRAGMENTATION MARKET REGULATIONS MARKET STRUCTURE MARKETPLACE MENU MIDDLE INCOME COUNTRIES MONOPOLY NATURAL RESOURCE NEW MARKETS NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES OIL OPEN ECONOMY OUTPUT OUTPUTS OUTSOURCING OWNERSHIP RIGHTS PATENTS PER CAPITA INCOME POLITICAL ECONOMY PORTFOLIO POWER OUTAGES PRICE CONTROLS PRICE INCREASES PRIVATE SECTOR PRIVATE SECTOR INVESTMENTS PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROCUREMENT PRODUCERS PRODUCT DEVELOPMENT PRODUCT INNOVATION PRODUCT MARKET PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY GROWTH QUOTAS R&D RED TAPE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESULT RESULTS RETAIL RETAIL PRICES RISK OF EXPROPRIATION SALES SHAREHOLDERS SKILLED WORKERS SUPPLY CHAIN TARIFF BARRIERS TAX TAX BREAKS TAX CODE TAX LIABILITIES TAX RATES TAX REVENUES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL SALES TRADE OPPORTUNITIES TRADE OUTCOMES TRADE POLICY TRADEMARK TRADES TRADING SYSTEM TRANSFER OF OWNERSHIP TRANSITION ECONOMIES VARIABLE COSTS VENTURE CAPITAL WAGES WAREHOUSE WHOLESALE MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO World Bank Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda |
| geographic_facet |
Europe and Central Asia Russian Federation |
| description |
Russia's exports became further
dominated by petroleum and natural gas over the last decade.
The sector experienced double-digit annual export growth in
the last decade and represented almost 65 percent of
Russia's exports value in 2009 a product of higher
commodity prices and higher export volumes. Export growth
rates of the non-oil and gas sector were also notable. Such
industries as machinery, electronics, transportation
equipment and chemicals reached a combined growth rate in
export value of 10 percent in the last decade. This more
positive comparison, however, hides relevant structural
limitations in Russia's trade performance. Moreover,
Russia's revealed comparative advantage seems
concentrated in the 'periphery' of the
product-space map, which may limit the potential for export
diversification. This includes industries such as raw
materials (26 products) and forestry (11 products) out of a
total of 97 identified products. (At the center of the
product-space are industries such as metallurgy, vehicles,
machinery, etc, in which Russia does not show comparative
advantages). Such specialization is sometimes considered
problematic because the capabilities developed in those
sectors are not easily redeployed to other industries,
hindering the process of economic diversification. Yet,
several resource-rich countries have managed to expand their
comparative advantages beyond the traditional, natural
resource-intensive products. Russian firms are, on average,
larger than the average firm in the ECA region but too few
firms export. It is a well documented fact that only a
minority of firms in an economy export. Economic
modernization and export diversification are priorities in
the Russian economic policy agenda, with several measures
being undertaken in recent years to promote growth in the
non-oil and gas sectors. Yet the reason why some firms
succeed in breaking into foreign markets while others do not
is far from fully understood. In this note, the author tries
to identify the binding constraints to export
diversification in Russia. Using firm-level data, the author
identify which investment climate factors are affecting
Russian firm's propensity of engaging in export
activities. Results show that lack of competition and
entrepreneurial innovation are relevant obstacles to the
emergence of new, potentially exportable products. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda |
| title_short |
Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda |
| title_full |
Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda |
| title_fullStr |
Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda |
| title_full_unstemmed |
Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda |
| title_sort |
russian federation - export diversification through competition and innovation : a policy agenda |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2011/07/16400555/russian-federation-export-diversification-through-competition-innovation-policy-agenda http://hdl.handle.net/10986/13012 |
| _version_ |
1764420922745290752 |
| spelling |
okr-10986-130122021-04-23T14:03:03Z Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda World Bank ACCESS TARIFF ADVERSE EFFECTS ADVERSE IMPACT AGRICULTURE ALLOCATIVE EFFICIENCY ARABLE LAND AVERAGE PRODUCTIVITY BANKRUPTCY BARLEY BEST PRACTICE BEST-PRACTICE BINDING CONSTRAINTS BUDGET ALLOCATION BUSINESS ENVIRONMENT BUSINESS INVESTMENTS BUSINESS SECTOR BUSINESSES CAPABILITIES CAPACITY DEVELOPMENT CARTEL CERTIFICATE CERTIFICATES COLLUSION COMMERCIAL BANKS COMMERCIALIZATION COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ECONOMICS COMPETITION POLICIES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVE MARKETS COMPETITIVENESS CONTESTABILITY CORPORATE GOVERNANCE CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DIVISION OF LABOR DOMESTIC COMPETITION DOMESTIC INVESTORS DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORM ECONOMIC SECTORS ELECTRICITY EMERGING ECONOMIES EMPIRICAL ANALYSIS ENDOGENOUS VARIABLES ENERGY EFFICIENCY ENERGY PRICES ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT BASE EXPORT GROWTH EXPORT MARKETS EXPORT PROMOTION EXPORT SECTORS EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FIRM GROWTH FIRM PERFORMANCE FIXED ASSETS FIXED COSTS FOREIGN FIRMS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TRADE FORESTRY GDP GDP PER CAPITA GLOBAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT REGULATIONS GREY MARKET GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCORPORATED COMPANIES INCORPORATED COMPANY INFLATION INFLATION RATES INNOVATION INNOVATION POLICIES INNOVATION POLICY INSPECTIONS INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL BEST PRACTICES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTMENT VEHICLE LABOR PRODUCTIVITY LEGAL FRAMEWORK LICENSES LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANY LINE OF CREDIT LONG-TERM INVESTMENTS MANAGERIAL SKILLS MANUFACTURING MARKET ACCESS MARKET ACCESS NEGOTIATION MARKET DISTORTIONS MARKET DOMINANCE MARKET ENTRY MARKET ENTRY COSTS MARKET FRAGMENTATION MARKET REGULATIONS MARKET STRUCTURE MARKETPLACE MENU MIDDLE INCOME COUNTRIES MONOPOLY NATURAL RESOURCE NEW MARKETS NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES OIL OPEN ECONOMY OUTPUT OUTPUTS OUTSOURCING OWNERSHIP RIGHTS PATENTS PER CAPITA INCOME POLITICAL ECONOMY PORTFOLIO POWER OUTAGES PRICE CONTROLS PRICE INCREASES PRIVATE SECTOR PRIVATE SECTOR INVESTMENTS PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROCUREMENT PRODUCERS PRODUCT DEVELOPMENT PRODUCT INNOVATION PRODUCT MARKET PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY GROWTH QUOTAS R&D RED TAPE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESULT RESULTS RETAIL RETAIL PRICES RISK OF EXPROPRIATION SALES SHAREHOLDERS SKILLED WORKERS SUPPLY CHAIN TARIFF BARRIERS TAX TAX BREAKS TAX CODE TAX LIABILITIES TAX RATES TAX REVENUES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL SALES TRADE OPPORTUNITIES TRADE OUTCOMES TRADE POLICY TRADEMARK TRADES TRADING SYSTEM TRANSFER OF OWNERSHIP TRANSITION ECONOMIES VARIABLE COSTS VENTURE CAPITAL WAGES WAREHOUSE WHOLESALE MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO Russia's exports became further dominated by petroleum and natural gas over the last decade. The sector experienced double-digit annual export growth in the last decade and represented almost 65 percent of Russia's exports value in 2009 a product of higher commodity prices and higher export volumes. Export growth rates of the non-oil and gas sector were also notable. Such industries as machinery, electronics, transportation equipment and chemicals reached a combined growth rate in export value of 10 percent in the last decade. This more positive comparison, however, hides relevant structural limitations in Russia's trade performance. Moreover, Russia's revealed comparative advantage seems concentrated in the 'periphery' of the product-space map, which may limit the potential for export diversification. This includes industries such as raw materials (26 products) and forestry (11 products) out of a total of 97 identified products. (At the center of the product-space are industries such as metallurgy, vehicles, machinery, etc, in which Russia does not show comparative advantages). Such specialization is sometimes considered problematic because the capabilities developed in those sectors are not easily redeployed to other industries, hindering the process of economic diversification. Yet, several resource-rich countries have managed to expand their comparative advantages beyond the traditional, natural resource-intensive products. Russian firms are, on average, larger than the average firm in the ECA region but too few firms export. It is a well documented fact that only a minority of firms in an economy export. Economic modernization and export diversification are priorities in the Russian economic policy agenda, with several measures being undertaken in recent years to promote growth in the non-oil and gas sectors. Yet the reason why some firms succeed in breaking into foreign markets while others do not is far from fully understood. In this note, the author tries to identify the binding constraints to export diversification in Russia. Using firm-level data, the author identify which investment climate factors are affecting Russian firm's propensity of engaging in export activities. Results show that lack of competition and entrepreneurial innovation are relevant obstacles to the emergence of new, potentially exportable products. 2013-03-28T13:20:33Z 2013-03-28T13:20:33Z 2011-07 http://documents.worldbank.org/curated/en/2011/07/16400555/russian-federation-export-diversification-through-competition-innovation-policy-agenda http://hdl.handle.net/10986/13012 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Europe and Central Asia Russian Federation |