Description: Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda

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Russian Federation - Export Diversification through Competition and Innovation : A Policy Agenda

Economic modernization and export diversification are priorities in the Russian economic policy agenda, with several measures undertaken in recent years to promote growth in the nonoil and gas sector. Russia's export base has narrowed substant...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TARIFF ADVERSE EFFECTS ADVERSE IMPACT AGRICULTURAL OUTPUT AGRICULTURE ALLOCATIVE EFFICIENCY AVERAGE PRODUCTIVITY BEST PRACTICE BINDING CONSTRAINTS BUSINESS ACTIVITIES BUSINESS ENTITIES BUSINESS ENVIRONMENT BUSINESS INVESTMENTS BUSINESSES CAPABILITIES CERTIFICATE CERTIFICATES COLLUSION COMMERCIALIZATION COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATION TECHNOLOGY COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICIES COMPETITION POLICY COMPETITIVE PRODUCTS COMPETITIVENESS CONNECTIVITY CORPORATE GOVERNANCE CUSTOMS DEVELOPED COUNTRIES DIVISION OF LABOR DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC LAW ECONOMIC REFORM ELECTRICITY EMERGING ECONOMIES EMPIRICAL ANALYSIS ENDOGENOUS VARIABLES ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT BASE EXPORT GROWTH EXPORT MARKETS EXPORT PROMOTION EXPORT SECTORS EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTORS FIRM GROWTH FIRM PERFORMANCE FIXED ASSETS FIXED COSTS FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN MARKETS FORESTRY GDP GDP PER CAPITA GLOBAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT REGULATIONS GRAY MARKET GROSS DOMESTIC PRODUCT GROWTH OF TRADE GROWTH RATE GROWTH RATES HUMAN CAPITAL ICT INCOME INCORPORATED COMPANIES INCORPORATED COMPANY INFORMATION TECHNOLOGY INNOVATION INNOVATION POLICIES INNOVATION POLICY INSPECTION INSPECTIONS INSTITUTION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL BEST PRACTICES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE LABOR PRODUCTIVITY LEGAL FRAMEWORK LICENSE LICENSES LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANY LINE OF CREDIT MANAGERIAL SKILLS MANUFACTURING MARGINAL PRODUCTS MARKET ACCESS MARKET ACCESS NEGOTIATION MARKET DISTORTIONS MARKET DOMINANCE MARKET ENTRY MARKET ENTRY COSTS MARKET FRAGMENTATION MARKET REGULATION MARKET REGULATIONS MARKET STRUCTURE MARKETPLACE MEDIUM ENTERPRISES MENU MIDDLE-INCOME COUNTRIES MONOPOLY NATURAL RESOURCE NEW MARKETS NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES OIL OUTSOURCING OWNERSHIP RIGHTS PATENTS PAYMENT SYSTEM POLITICAL ECONOMY PORTFOLIO POWER OUTAGES PRICE COMPARISONS PRICE CONTROLS PRICE INCREASES PRICE LEVELS PRICE VARIATION PRIVATE INVESTMENTS PRIVATE SECTOR PROCUREMENT PRODUCERS PRODUCT INFORMATION PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKETS PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY GROWTH PROPERTY RIGHTS QUOTAS R&AMP;D RED TAPE REGULATORY CONDITIONS REGULATORY ENVIRONMENT REGULATORY REQUIREMENTS RENT SEEKING RESULT RESULTS RETAIL RPA SALES SHARE OF ASSETS SHAREHOLDERS SKILLED WORKERS TAX TAX BREAKS TAX CODE TAX LIABILITIES TAX RATES TAX REVENUES TECHNOLOGY TRANSFER TOTAL FACTOR PRODUCTIVITY TOTAL SALES TRADE OPPORTUNITIES TRADE OUTCOMES TRADE POLICY TRADING SYSTEM TRANSFER OF OWNERSHIP TRANSITION ECONOMIES VALUE ADDED VARIABLE COSTS VENTURE CAPITAL WHOLESALE MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2013/04/18023843/russian-federation-export-diversification-through-competition-innovation-policy-agenda http://hdl.handle.net/10986/15821

Description
Summary:	Economic modernization and export diversification are priorities in the Russian economic policy agenda, with several measures undertaken in recent years to promote growth in the nonoil and gas sector. Russia's export base has narrowed substantially over the past decade. Lack of diversification cannot be pinned down to a single cause. Competition and innovation are examined in this study as key drivers of export diversification. After presenting our findings we identify some key trade policy measures that could help firms enter foreign markets and sustain current trade relationships. A comprehensive competition policy will help establish a level playing field, facilitate entry of more efficient firms, and encourage orderly exit of less efficient firms, thereby contributing to increased productivity and export propensity. The government's current initiatives to foster innovation could be strengthened through a number of specific measures focusing on commercialization of public research and development and adequate research funding. This study is organized as follows. Section two scrutinizes various dimensions of Russia's trade performance, including export diversification, sophistication, and survival. A detailed analysis of the role of exports, innovation, productivity, and competition on firm performance is presented in section three. Section four analyzes the competition environment in Russia, by presenting analyses of price-cost margins, state ownership, and regional and sectorial characteristics of competition, while Section five provides an overview of Russia's innovation system and measures to increase the impact of research and development on the economy. Section six concludes and presents policy options.