An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm
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 indus...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Immanuel Kant Baltic Federal University
2020-03-01
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| Series: | Baltic Region |
| Subjects: | |
| Online Access: | https://journals.kantiana.ru/eng/baltic_region/4420/13013/ |
| _version_ | 1818327193034424320 |
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| author | Roos G. Voloshenko K. Yu. Drok T. E. Farafonova Yu. Yu. |
| author_facet | Roos G. Voloshenko K. Yu. Drok T. E. Farafonova Yu. Yu. |
| author_sort | Roos G. |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-13T12:12:22Z |
| format | Article |
| id | doaj.art-4a82824911a94e3a99bc4c128172459a |
| institution | Directory Open Access Journal |
| issn | 2079-8555 2310-0524 |
| language | English |
| last_indexed | 2024-12-13T12:12:22Z |
| publishDate | 2020-03-01 |
| publisher | Immanuel Kant Baltic Federal University |
| record_format | Article |
| series | Baltic Region |
| spelling | doaj.art-4a82824911a94e3a99bc4c128172459a2022-12-21T23:46:48ZengImmanuel Kant Baltic Federal UniversityBaltic Region2079-85552310-05242020-03-0112115618010.5922/2079-8555-2020-1-9An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm Roos G. 0https://orcid.org/0000-0003-0943-3585Voloshenko K. Yu. 1https://orcid.org/0000-0002-2624-0155Drok T. E. 2Farafonova Yu. Yu. 3Flinders UniversityImmanuel Kant Baltic Federal UniversityImmanuel Kant Baltic Federal UniversityImmanuel Kant Baltic Federal UniversityThe 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.https://journals.kantiana.ru/eng/baltic_region/4420/13013/economic complexitycapabilitysector strategyindustrial policyinternational and interregional trade flowsexclave |
| spellingShingle | Roos G. Voloshenko K. Yu. Drok T. E. Farafonova Yu. Yu. An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm Baltic Region economic complexity capability sector strategy industrial policy international and interregional trade flows exclave |
| title | An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm |
| title_full | An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm |
| title_fullStr | An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm |
| title_full_unstemmed | An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm |
| title_short | An economic complexity analysis of the Kaliningrad region: identifying sectoral priorities in the emerging value creation paradigm |
| title_sort | economic complexity analysis of the kaliningrad region identifying sectoral priorities in the emerging value creation paradigm |
| topic | economic complexity capability sector strategy industrial policy international and interregional trade flows exclave |
| url | https://journals.kantiana.ru/eng/baltic_region/4420/13013/ |
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