BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 23/2008:
What beyond oil and gas? Russian trade specialisation in manufactures
Olga Garanina ()
Abstract: The objective of the paper is to study Russia's pattern of
specialisation in the manufactures trade since 1998. Russia's global trade
balance for manufactures is rapidly deteriorating. However, the trade
pattern in manufactures should be differentiated according to Russia’s main
trading partners: the European Union (EU), the Commonwealth of Independent
States (CIS) and China. On the basis of trade indicator analysis (revealed
comparative advantages and Grubel-Lloyd index of intra-industry trade), we
show that Russia is globally disadvantaged in the manufactures trade
vis-à-vis the EU and China, and advantaged in the trade with the within the
CIS. Russia is managing to expand its manufactured exports to other CIS
countries. However, it is gradually losing its role of main supplier of
capital goods in the post-Soviet space.
Keywords: international trade; trade specialisation; revealed comparative advantage; intra-industry trade; Russia; (follow links to similar papers)
JEL-Codes: F14; (follow links to similar papers)
36 pages, November 24, 2008
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