Russian Federation : How Services Contribute to Competitiveness
Globalization is creating many new trade and growth opportunities, with services trade increasingly becoming an issue for export-oriented economies. Services are important to country trade strategies, because they represent activities in which coun...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/09/26796623/russian-federation-services-contribute-competitiveness http://hdl.handle.net/10986/25143 |
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okr-10986-251432021-04-23T14:04:29Z Russian Federation : How Services Contribute to Competitiveness Saez, Sebastian van der Marel, Erik services trade export competitiveness competitiveness globalization comparative advantage trade in services business services travel transport Globalization is creating many new trade and growth opportunities, with services trade increasingly becoming an issue for export-oriented economies. Services are important to country trade strategies, because they represent activities in which countries may have a comparative advantage, and they are drivers of competitiveness for the whole economy. This paper uses data from the World Development Indicators, two new databases (the Export in Value-Added database from the Global Trade Analysis Project, and Trade in Services data), and firm-level data. The paper employs a wide range of indicators to analyze the trade competitiveness of the services sector in the Russian Federation. Since service exports are less than would be expected considering Russia's level of development, the study finds that the contribution of services to export diversification could be heightened significantly. The scale of Russian business services exports is relatively low, although exports of traditional services, like transport and travel, are performing well. Despite the relatively minor importance of exports of modern services, the category of other business services has in recent years been growing fast, and business services have strengthened their revealed comparative advantages. Yet Russia still has much potential for expanding trade in modern services. There is also potential to diversify services exports to other markets, such as France, Germany, Japan, and elsewhere in Asia, which today seems underexploited. Finally, although exports of direct services are low, services such as transport, distribution, finance, and other business services are making major contributions to other exports, in particular energy. 2016-10-13T18:41:07Z 2016-10-13T18:41:07Z 2016-09-19 Working Paper http://documents.worldbank.org/curated/en/2016/09/26796623/russian-federation-services-contribute-competitiveness http://hdl.handle.net/10986/25143 English en_US Policy Research Working Paper;No. 7827 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 |
services trade export competitiveness competitiveness globalization comparative advantage trade in services business services travel transport |
| spellingShingle |
services trade export competitiveness competitiveness globalization comparative advantage trade in services business services travel transport Saez, Sebastian van der Marel, Erik Russian Federation : How Services Contribute to Competitiveness |
| geographic_facet |
Europe and Central Asia Russian Federation |
| relation |
Policy Research Working Paper;No. 7827 |
| description |
Globalization is creating many new trade
and growth opportunities, with services trade increasingly
becoming an issue for export-oriented economies. Services
are important to country trade strategies, because they
represent activities in which countries may have a
comparative advantage, and they are drivers of
competitiveness for the whole economy. This paper uses data
from the World Development Indicators, two new databases
(the Export in Value-Added database from the Global Trade
Analysis Project, and Trade in Services data), and
firm-level data. The paper employs a wide range of
indicators to analyze the trade competitiveness of the
services sector in the Russian Federation. Since service
exports are less than would be expected considering
Russia's level of development, the study finds that the
contribution of services to export diversification could be
heightened significantly. The scale of Russian business
services exports is relatively low, although exports of
traditional services, like transport and travel, are
performing well. Despite the relatively minor importance of
exports of modern services, the category of other business
services has in recent years been growing fast, and business
services have strengthened their revealed comparative
advantages. Yet Russia still has much potential for
expanding trade in modern services. There is also potential
to diversify services exports to other markets, such as
France, Germany, Japan, and elsewhere in Asia, which today
seems underexploited. Finally, although exports of direct
services are low, services such as transport, distribution,
finance, and other business services are making major
contributions to other exports, in particular energy. |
| format |
Working Paper |
| author |
Saez, Sebastian van der Marel, Erik |
| author_facet |
Saez, Sebastian van der Marel, Erik |
| author_sort |
Saez, Sebastian |
| title |
Russian Federation : How Services Contribute to Competitiveness |
| title_short |
Russian Federation : How Services Contribute to Competitiveness |
| title_full |
Russian Federation : How Services Contribute to Competitiveness |
| title_fullStr |
Russian Federation : How Services Contribute to Competitiveness |
| title_full_unstemmed |
Russian Federation : How Services Contribute to Competitiveness |
| title_sort |
russian federation : how services contribute to competitiveness |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/09/26796623/russian-federation-services-contribute-competitiveness http://hdl.handle.net/10986/25143 |
| _version_ |
1764458659579953152 |