Export Competitiveness and FDI Performance across the Regions of the Russian Federation
The Russian Federation's regions not only have highly uneven degrees of development, they also have very uneven degrees of foreign orientation. Regions with the highest foreign orientation--exports of goods per capita or inbound foreign direct...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/09/26785275/export-competitiveness-fdi-performance-across-regions-russian-federation http://hdl.handle.net/10986/25122 |
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okr-10986-251222021-04-23T14:04:29Z Export Competitiveness and FDI Performance across the Regions of the Russian Federation Dairabayeva, Karlygash Ferrantino, Michael J. Portugal-Perez, Alberto Schmidt, Gabriela export competitiveness FDI direct foreign investment regional development The Russian Federation's regions not only have highly uneven degrees of development, they also have very uneven degrees of foreign orientation. Regions with the highest foreign orientation--exports of goods per capita or inbound foreign direct investment per capita—almost across the board have the highest standard of living; and those with the lowest foreign orientation generally have the lowest. In this paper, the Russian federal regions are grouped into three categories--lagging, middle-range, and leading--according to real per capita gross regional product. Leading regions seem to be those specialized in mineral exports; lagging regions are not. In addition, the richest regions tend to have high per capita exports, high foreign direct investment, or both; middle-range regions with relatively higher incomes often have high per capita non-mineral exports. Russia's lagging regions have much more tenuous international engagements than the rest of Russia in exports and foreign direct investment. These findings suggest that foreign orientation is an important determinant of socioeconomic development and could be an important item on Russia's regional policy agenda. Such policies might have a variety of objectives: (1) earning income (export goods in which Russia has traditionally had a comparative advantage); (2) diversification and economic stability (minimize risk from drops in oil prices or crises in individual markets and add exports for which demand is likely to be steady over the medium term); (3) technological upgrading (move to more sophisticated goods with greater innovation content); and (4) regional development (promote the uplift of lagging regions). Each of these motives has a different profile of goods exported, regions, and most closely associated destination markets. 2016-10-06T21:38:51Z 2016-10-06T21:38:51Z 2016-09 Working Paper http://documents.worldbank.org/curated/en/2016/09/26785275/export-competitiveness-fdi-performance-across-regions-russian-federation http://hdl.handle.net/10986/25122 English en_US Policy Research Working Paper;No. 7821 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Russian Federation |
| 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 |
export competitiveness FDI direct foreign investment regional development |
| spellingShingle |
export competitiveness FDI direct foreign investment regional development Dairabayeva, Karlygash Ferrantino, Michael J. Portugal-Perez, Alberto Schmidt, Gabriela Export Competitiveness and FDI Performance across the Regions of the Russian Federation |
| geographic_facet |
Europe and Central Asia Russian Federation |
| relation |
Policy Research Working Paper;No. 7821 |
| description |
The Russian Federation's regions
not only have highly uneven degrees of development, they
also have very uneven degrees of foreign orientation.
Regions with the highest foreign orientation--exports of
goods per capita or inbound foreign direct investment per
capita—almost across the board have the highest standard of
living; and those with the lowest foreign orientation
generally have the lowest. In this paper, the Russian
federal regions are grouped into three categories--lagging,
middle-range, and leading--according to real per capita
gross regional product. Leading regions seem to be those
specialized in mineral exports; lagging regions are not. In
addition, the richest regions tend to have high per capita
exports, high foreign direct investment, or both;
middle-range regions with relatively higher incomes often
have high per capita non-mineral exports. Russia's
lagging regions have much more tenuous international
engagements than the rest of Russia in exports and foreign
direct investment. These findings suggest that foreign
orientation is an important determinant of socioeconomic
development and could be an important item on Russia's
regional policy agenda. Such policies might have a variety
of objectives: (1) earning income (export goods in which
Russia has traditionally had a comparative advantage); (2)
diversification and economic stability (minimize risk from
drops in oil prices or crises in individual markets and add
exports for which demand is likely to be steady over the
medium term); (3) technological upgrading (move to more
sophisticated goods with greater innovation content); and
(4) regional development (promote the uplift of lagging
regions). Each of these motives has a different profile of
goods exported, regions, and most closely associated
destination markets. |
| format |
Working Paper |
| author |
Dairabayeva, Karlygash Ferrantino, Michael J. Portugal-Perez, Alberto Schmidt, Gabriela |
| author_facet |
Dairabayeva, Karlygash Ferrantino, Michael J. Portugal-Perez, Alberto Schmidt, Gabriela |
| author_sort |
Dairabayeva, Karlygash |
| title |
Export Competitiveness and FDI Performance across the Regions of the Russian Federation |
| title_short |
Export Competitiveness and FDI Performance across the Regions of the Russian Federation |
| title_full |
Export Competitiveness and FDI Performance across the Regions of the Russian Federation |
| title_fullStr |
Export Competitiveness and FDI Performance across the Regions of the Russian Federation |
| title_full_unstemmed |
Export Competitiveness and FDI Performance across the Regions of the Russian Federation |
| title_sort |
export competitiveness and fdi performance across the regions of the russian federation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/09/26785275/export-competitiveness-fdi-performance-across-regions-russian-federation http://hdl.handle.net/10986/25122 |
| _version_ |
1764458609497866240 |