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Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession
This paper proposes a new approach of forecasting \prospective" comparative advantages based on relative prices differences between countries in the context of economic liberalization. An empirical analysis based on the example of Central and East European countries that have already passed th...
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| Xuất bản năm: | MAGKS - Joint Discussion Paper Series in Economics (Band 14-2009) |
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| Những tác giả chính: | , |
| Định dạng: | Arbeit |
| Ngôn ngữ: | Tiếng Anh |
| Được phát hành: |
Philipps-Universität Marburg
2009
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| Những chủ đề: | |
| Truy cập trực tuyến: | Bài toàn văn PDF |
| Các nhãn: |
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| Tóm tắt: | This paper proposes a new approach of forecasting \prospective" comparative advantages based on relative prices differences between countries in the context of economic liberalization. An empirical analysis based on the example of Central and East European countries that
have already passed the transition period from specialization mainly in natural resource- and labor-intensive goods to "high-tech" goods confirms a significant influence of our \prospective" advantages on comparative advantages dynamics. Using this method we identify a set of industries in Russia that seem to be most promising for formation of comparative advantages in the context of its economic liberalization and joining the WTO agreements. These industries include high and medium technological industries like machinery building, pharmaceutical products, railway transport, electronic and medical equipment. |
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| số ISSN: | 1867-3678 |
| DOI: | 10.17192/es2023.0228 |