@ARTICLE{26543120_26547788_2004, author = {Oksana Babetskaia-Kukharchuk and Matilda Maurel}, keywords = {, trade potential, gravity model, Russiainstitutional variables}, title = {Transition to the Market in Russia and its Impact on International Integration}, journal = {HSE Economic Journal }, year = {2004}, volume = {8}, number = {2}, pages = {197-224}, url = {https://ej.hse.ru/en/2004-8-2/26547788.html}, publisher = {}, 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.}, annote = {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.} }