Transition to the Market in Russia and its Impact on International Integration

  • Oksana Babetskaia-Kukharchuk National Bank of the Czech Republic, 28, Nové Město Na Příkopě, Prague, 11503, Czech Republic
  • Matilda Maurel Center for the Study of Transition Economies (ROSES), University of Paris 1, Center for the Study of Economic Policy, 106-112, Boulevard de l'Hopital, 75647 Paris Cedex 13, France
Keywords: Russia, gravity model, trade potential, institutional variables

Abstract

This paper asks the question of the impact of institutions on trade and aims at estimating the potential for trade increase between Russia and the World. The latter is computed using the gravity equation in the framework proposed by Anderson and van Wincoop (2003). It is shown that trade between CIS and EU countries is well below the norm implied by the gravity equation, which implies that there is still room for trade increase with the EU.

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Published
2004-01-26
How to Cite
Babetskaia-KukharchukO., & MaurelM. (2004). Transition to the Market in Russia and its Impact on International Integration. HSE Economic Journal, 8(2), 197-224. Retrieved from https://ej.hse.ru/article/view/29587
Issue
Vol 8 No 2 (2004): HSE Economic Journal
Section
Untitled section