AKHP Public Lecture, Dushanbe: Export Diversification in Modern Russian Economy
September 26th, 5:00 pm
Prof. Sergey M. Kadochnikov
Director of Higher School of Economics Campus in St. Petersburg
Professor, Economics Department, St. Petersburg School of Economics and Management
A look at structural changes in countries all over the world suggests a high degree of diversity in the direction and industry composition of changes. However, a closer view shows a high degree of commonality. Various measures of industry concentration in countries follow an U-shaped pattern. This also holds for industrial export structure. Recent empirical literature shows that a country’s mix of products predicts its subsequent economic growth very well. Moreover, export structure predicts a country’s level of income and its future rate of growth much better than human capital, governance and institutional quality.
Russia is only at the beginning of this long way. The lecture will discuss the main structural features of the Russian economy, and what industries might ensure its long-term economic growth. Empirical estimations for the Russian economy show that during the last 15-20 years, the introduction of the new exports – export discoveries – within Russian manufacturing sector is rather high, however, they have no effect on the Russian economic growth. Instead, it is found that higher growth rates in the Russian economy are associated with higher volumes of existing manufacturing export. In terms of prospective structure of Russian exports, it means that structural changes should be achieved by an increase in the export of existing manufacturing products.
In 2003-2001, Prof. Kadochnikov was the Dean of the Department of Economics of Ural State University. In 2011-2013, he was the Director of the Higher School of Economics of Ural Federal University. Since September 2013, he has held the position of the Director of the Higher School of Economics Campus in St. Petersburg. He studied in universities in the United States, Germany, Austria, and Czech Republic. Prof. Kadochnikov is a part-time member of the Economic Research Institute under Munich University (since 2006), member of the Expert Board of “Expert-Ural” magazine and analytic center (since 2007), member of two dissertation councils for defense of doctoral thesis in pursuance of doctoral degree in economics (since 2009), member of the Economic Sciences Expert Board under the Supreme Attestation Commission of the Ministry of Education and Science of the Russian Federation (since 2010). Previously, he was also a member of the Committee for Modernisation and Technical Development under the Governor of Sverdlovsk Oblast (2010-2012), Anti-Crisis Committee under the Governor of Sverdlovsk Oblast (2009-2012), and Council of Rector of Saint-Petersburg.
Dr Pulat Shozimov
Acting Head and Faculty Development Programme Manager
Aga Khan Humanities Project
University of Central Asia
The lecture will be delivered in Russian.
Ismaili Centre, Dushanbe
47 Ismail Somoni Street
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* Ideas presented in this lecture reflect the personal opinion of the speaker and do not necessarily represent the views of the University of Central Asia and/or its employees.