TY  - BOOK
AU  - Ivan Savin
PY  - 2012
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783653021073
TI  - Russia’s Comparative Advantages in Foreign Trade
T2  - Forecasting Potential Dynamics and Identifying Stimulation Measures
DO  - 10.3726/978-3-653-02107-3
UR  - https://www.peterlang.com/document/1047409
N2  - Identifying factors which stimulate regional growth and international competitiveness and using them for forecasting are the aims of this book. Departing from the theory of comparative advantages and their impact, the author demonstrates that such an approach has to be based on a sound theoretical foundation and on appropriate, advanced econometric methods. He proposes the use of heuristic optimization techniques, Monte Carlo simulation experiments and Lasso-type estimators to avoid bias or misleading findings, which might be the result of applying standard regression methods when key assumptions are not satisfied. In addition, the author demonstrates how some heuristic optimization-based methods can be used to obtain forecasts of industrial production in Russia and Germany founded on past observations and some leading indicators.
KW  - heuristic optimization, Monte Carlo simulation, Central and Eastern European (CEE) countries, Russian Federation, least absolute shrinkage and selection operator  (lasso)
LA  - English
ER  -