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

Oksana Babetskaia-Kukharchuk; Matilda Maurel

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Oksana Babetskaia-Kukharchuk¹, Matilda Maurel²
¹ National Bank of the Czech Republic, 28, Nové Město Na Příkopě, Prague, 11503, Czech Republic
² 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

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

2004. Vol. 8. No. 2. P. 197–224 [issue contents]

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.

Citation: Babetskaia-Kukharchuk O., Maurel M. (2004) Rol' rynochnykh institutov v protsesse integratsii Rossii v mirovuyu ekonomiku [Transition to the Market in Russia and its Impact on International Integration]. HSE Economic Journal , vol. 8, no 2, pp. 197-224 (in Russian)

Keywords: trade potential; gravity model; Russia; institutional variables

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