Russia and the WTO: The "Gravity" of Outsider Status
AbstractWith China's accession to the WTO in 2001, Russia is by far that organization's most prominent nonmember. This paper applies the gravity model to gauge whether this "outsider" status has been affecting Russia's export structure. On the basis of cross-section and panel regressions for 1995-2002, we find that Russian exports to WTO members have fallen short of the model's predictions. The paper discusses possible explanations of this result, including Russia's exclusion from various WTO procedures, although own-export restrictions could have a similar effect. The model points to Russia's further trade reorientation toward WTO members after a putative accession. Our results also prompt some ideas that may clarify the recent empirical controversy over the WTO's overall role in promoting trade. Copyright 2006, International Monetary Fund
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal IMF Staff Papers.
Volume (Year): 53 (2006)
Issue (Month): 1 ()
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- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F18 - International Economics - - Trade - - - Trade and Environment
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- Wilhelm Kohler & Gabriel Felbermayr, .
"WTO Membership and the Extensive Margin of World Trade: New Evidence,"
09/06, University of Nottingham, GEP.
- Gabriel J Felbermayr & Wilhelm Kohler, 2009. "WTO Membership and the Extensive Margin of World Trade: New Evidence," Diskussionspapiere aus dem Institut fÃ¼r Volkswirtschaftslehre der UniversitÃ¤t Hohenheim 304/2009, Department of Economics, University of Hohenheim, Germany.
- Felbermayr, Gabriel & Kohler, Wilhelm K., 2009. "WTO membership and the extensive margin of world trade: New evidence," Munich Reprints in Economics 20606, University of Munich, Department of Economics.
- Iwasaki, Ichiro & Suganuma, Keiko, 2013. "A Gravity Model of Russian Trade: The Role of Foreign Direct Investment and Socio-Cultural Similarity," RRC Working Paper Series 40, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
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