An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm
| Autor: | Yulia Yu. Farafonova, Niels Goran Arne Roos, Tatyana E. Drok, Ksenia Yu. Voloshenko |
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| Rok vydání: | 2020 |
| Předmět: |
Cultural Studies
History Value creation sector strategy Sociology and Political Science Economic complexity capability international and interregional trade flows 05 social sciences Geography Planning and Development lcsh:Regional economics. Space in economics Industrial policy lcsh:HT388 economic complexity 0502 economics and business exclave Business 050207 economics Economic system General Economics Econometrics and Finance 050203 business & management Social Sciences (miscellaneous) industrial policy |
| Zdroj: | Baltic Region, Vol 12, Iss 1, Pp 156-180 (2020) |
| ISSN: | 2310-0524 2079-8555 |
| DOI: | 10.5922/2079-8555-2020-1-9 |
| Popis: | The ongoing technological development leads to the emergence of a new value-creation paradigm that calls for changes and structural transformations in economic systems at different levels. Structural transformations are prompted by growing economic complexity. In this context, the selection of industrial strategies and the validation of key regional industrial policies is of paramount importance. Economic complexity (EC) analysis is a new effective tool to address the issue. Its application at a subnational level is, however, limited by methodological problems. To analyse economic complexity at a subnational level, a basic methodology and special software were developed within this study. The object of the research is the exclave Kaliningrad region, whose location makes it possible to capture accurate and comprehensive data on international and interregional trade. Based on the EC analysis theory and practice, the study involved the development of methods, algorithms, and software to form a source database and measure economic complexity. The findings may guide the use of EC analyses in regional policies. The article suggests activities for sequential upgrading of the industry in the Kaliningrad region. These activities will facilitate the development of the existing and new capabilities, improve the business environment, and increase the complexity of products, productions, and industries. |
| Databáze: | OpenAIRE |
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