TY  - JOUR
TI  - Transition to the Market in Russia and its Impact on International Integration
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - trade potential
KW  - gravity model
KW  - Russia
KW  - institutional variables
AB  - 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.
AU  - Oksana Babetskaia-Kukharchuk
AU  - Matilda Maurel
UR  - https://ej.hse.ru/en/2004-8-2/26547788.html
PY  - 2004
SP  - 197-224
VL  - 8