Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
Comparative advantages in Russia's bilateral merchandise trade with South Africa. / Podoba, Zoia; Smirnova , Maria.
Proceedings of the Third International Economic Symposium (IES 2018). ed. / Victor Titov. Atlantis Press, 2019. p. 479-488 (Advances in Economics, Business and Management Research; Vol. 104).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
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TY - GEN
T1 - Comparative advantages in Russia's bilateral merchandise trade with South Africa
AU - Podoba, Zoia
AU - Smirnova , Maria
PY - 2019
Y1 - 2019
N2 - Russia and South Africa are important regional powers and members of BRICS and G-20. Collaboration between the two countries contributes to the creation of the multipolar world order and strengthens Russia’s position in global governance. However, Russia’s trade partnership with South Africa is far below its potential. South Africa accounted for only 0.07% of Russia's total exports in 2016. The paper provides a brief overview of Russia and South Africa’s trade from 2001 to 2016. Using bilateral trade data for commodity groups at the level of two digits of the Harmonized Commodity Description and Coding System, this study examines the main patterns of comparative advantage in Russia's trade with South Africa in the early 21st century. Comparative analysis of Russia’s export specialization with the main partners in terms of trade turnover indicates, that Russia has more diverse comparative advantages in trade with South Africa (17 product groups), than with European partners, such as Germany (9 product groups) and Netherlands (8 groups). The study’s results suggest that an increase in trade flows is considered as one of the most important areas of Russian export diversification and strengthening cooperation between Russia and South Africa.
AB - Russia and South Africa are important regional powers and members of BRICS and G-20. Collaboration between the two countries contributes to the creation of the multipolar world order and strengthens Russia’s position in global governance. However, Russia’s trade partnership with South Africa is far below its potential. South Africa accounted for only 0.07% of Russia's total exports in 2016. The paper provides a brief overview of Russia and South Africa’s trade from 2001 to 2016. Using bilateral trade data for commodity groups at the level of two digits of the Harmonized Commodity Description and Coding System, this study examines the main patterns of comparative advantage in Russia's trade with South Africa in the early 21st century. Comparative analysis of Russia’s export specialization with the main partners in terms of trade turnover indicates, that Russia has more diverse comparative advantages in trade with South Africa (17 product groups), than with European partners, such as Germany (9 product groups) and Netherlands (8 groups). The study’s results suggest that an increase in trade flows is considered as one of the most important areas of Russian export diversification and strengthening cooperation between Russia and South Africa.
KW - Russia
KW - South Africa
KW - trade
KW - export specialization
KW - revealed comparative advantage index
UR - https://www.atlantis-press.com/proceedings/ies-18/125924793
M3 - Conference contribution
SN - 9789462528475
T3 - Advances in Economics, Business and Management Research
SP - 479
EP - 488
BT - Proceedings of the Third International Economic Symposium (IES 2018)
A2 - Titov, Victor
PB - Atlantis Press
T2 - Third International Economic Symposium - 2018 (IES 2018)
Y2 - 19 April 2018 through 21 April 2018
ER -
ID: 49902207