IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/ep1525.html
   My bibliography  Save this article

Russia’s Trade Policy Priorities in the Orbit of BRICS Economic Cooperation
[Приоритеты Внешнеторговой Политики России В Орбите Экономического Сотрудничества Брикс]

Author

Listed:
  • Khmelevskaya, Natalia (Хмелевская, Наталья)

    (Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russia)

Abstract

The article presents analysis on structure of trade, its complementarity and terms of bilateral trade among BRICS through the lens of Russia’s key trade policy priorities. Assessments for trade complementarity has been made with emphasis on Russian mineral fuel export which proved to be negatively correlated with world demand and directly with determinants from BRICS. The negative dynamics of revealed comparative advantage for Russian oil regarding world export is coherent with parameters of competition among BRICS. Its revealed comparative advantage relatively export among BRICS shows growth which may be explained by its price advantages. The estimations and in-depth analysis in this work prove that BRICS is becoming significant factor for Russia’s trade policy. The resume is that so far transaction costs drive growth of trade among BRICs their common interest is to facilitate doing business and trade among them.

Suggested Citation

  • Khmelevskaya, Natalia (Хмелевская, Наталья), 2015. "Russia’s Trade Policy Priorities in the Orbit of BRICS Economic Cooperation [Приоритеты Внешнеторговой Политики России В Орбите Экономического Сотрудничества Брикс]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 93-109.
    • Handle: RePEc:rnp:ecopol:ep1525
    as

    Download full text from publisher

    File URL: https://repec.ranepa.ru/rnp/ecopol/ep1525.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. William H. Branson & Conor N. Healy, 2009. "Monetary and Exchange Rate Policy Coordination in ASEAN+1," Chapters, in: Koichi Hamada & Beate Reszat & Ulrich Volz (ed.), Towards Monetary and Financial Integration in East Asia, chapter 9, Edward Elgar Publishing.
    2. Mr. Tamim Bayoumi & Mika Saito & Mr. Jarkko Turunen, 2013. "Measuring Competitiveness: Trade in Goods or Tasks?," IMF Working Papers 2013/100, International Monetary Fund.
    3. Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-912, December.
    4. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    5. V. Simonov., 2015. "Anti-Russian Sanctions and the Systemic Crisis of the World Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Evžen Kočenda & Karen Poghosyan, 2018. "Export Sophistication: A Dynamic Panel Data Approach," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(12), pages 2799-2814, September.
    2. Baliamoune-Lutz, Mina, 2019. "Trade sophistication in developing countries: Does export destination matter?," Journal of Policy Modeling, Elsevier, vol. 41(1), pages 39-51.
    3. Evzen Kocenda & Karen Poghosyan, 2017. "Export sophistication: A dynamic panel data approach," Working Papers 980, Central Bank of the Republic of Armenia.
    4. Evžen Kočenda & Karen Poghosyan, 2018. "Export Sophistication: A Dynamic Panel Data Approach," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(12), pages 2799-2814, September.
    5. Jean-François Brun & Sèna Kimm Gnangnon, 2019. "Tax reform, public revenue and public revenue instability in developing countries: Does development aid matter?," CERDI Working papers halshs-02089734, HAL.
    6. Douglas L. Campbell, 2014. "Through the Looking Glass: A WARPed View of Real Exchange Rate History," Working Papers w0210, Center for Economic and Financial Research (CEFIR).
    7. Ma, Alyson C. & Van Assche, Ari & Hong, Chang, 2009. "Global production networks and China's processing trade," Journal of Asian Economics, Elsevier, vol. 20(6), pages 640-654, November.
    8. Jean-François Brun & Sèna Kimm Gnangnon, 2019. "Tax reform, public revenue and public revenue instability in developing countries: Does development aid matter?," Working Papers halshs-02089734, HAL.
    9. Feng, Ling & Li, Zhiyuan & Swenson, Deborah L., 2017. "Trade policy uncertainty and exports: Evidence from China's WTO accession," Journal of International Economics, Elsevier, vol. 106(C), pages 20-36.
    10. Maria Persson & Fredrik Wilhelmsson, 2016. "EU Trade Preferences and Export Diversification," The World Economy, Wiley Blackwell, vol. 39(1), pages 16-53, January.
    11. Langhammer, Rolf J. & Schweickert, Rainer, 2006. "EU integration and its implications for Asian economies: What we know and what not," Kiel Working Papers 1264, Kiel Institute for the World Economy (IfW Kiel).
    12. Campbell, Douglas L., 2016. "Measurement matters: Productivity-adjusted weighted average relative price indices," Journal of International Money and Finance, Elsevier, vol. 61(C), pages 45-81.
    13. Jouini, Nizar & Oulmane, Nassim & Peridy, Nicolas, 2014. "North African countries (NACs) production and export structure: Towards diversification and export sophistication strategy," MPRA Paper 62476, University Library of Munich, Germany.
    14. Langhammer, Rolf J. & Schweickert, Rainer, 2006. "EU integration and its implications for Asian economies: What we do and do not know," Journal of Asian Economics, Elsevier, vol. 17(3), pages 395-416, June.
    15. De Masi, G. & Giovannetti, G. & Ricchiuti, G., 2013. "Network analysis to detect common strategies in Italian foreign direct investment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(5), pages 1202-1214.
    16. Elhanan Helpman, 2010. "Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality," NBER Working Papers 15764, National Bureau of Economic Research, Inc.
    17. Patricia Kotnik & Eva Hagsten, 2018. "ICT use as a determinant of export activity in manufacturing and service firms: Multi-country evidence," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(1), pages 103-128.
    18. Acar, Mustafa & Afyonoglu, Burcu & Kus, Savas & Vural, Bengisu, 2007. "Turkey’s Agricultural Integration with the EU: Quantifying the Implications," Conference papers 331657, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    19. Chen, Natalie & Juvenal, Luciana, 2022. "Markups, quality, and trade costs," Journal of International Economics, Elsevier, vol. 137(C).
    20. Joachim Wagner, 2012. "Exports, R&D and productivity: a test of the Bustos-model with German enterprise data," Economics Bulletin, AccessEcon, vol. 32(3), pages 1942-1948.

    More about this item

    Keywords

    BRICS; trade complementarity; export structure; comparative advantages; costs of trading across;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1525. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.