• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Working paper

Export diversification in the product space and regional growth: Evidence from Russia

This study investigates the relationship between export structure and economic growth in  Russian regions. We hypothesize that it is not industry variety per se but the variety of  related industries located relatively close to each other in the product space that  significantly contributes to economic growth in Russian regions. The empirical analysis  presented in the paper confirms that the density of the product space around the products  for which a region had a comparative advantage determined the economic development in  Russian regions in the 2003-2008 period. We conclude that the presence of a local related  variety of industries in a region is one of the most important regional factors in economic  development.