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Russia's Trade Flows and WTO

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  • Sergey Kolesnikov

    (Department of Economics, European University at St. Petersburg)

  • Olga Podkorytova

Abstract

In our paper, we use the gravity model of the international trade to estimate the effect of the future WTO ascension for Russia based on the current WTO effect for Russia's WTO trade partners. Starting from Rose's specification, we constructed several progressively exact models. Nevertheless, none of these specifications shows any evidence that the WTO significantly and positively influences the trade between its members among Russia's trade partners. This result holds even as we exclude the oil and the gas trade and the FTA influence. Therefore, in terms of increasing the overall trade the value of ascension seems to be lower than FTAs, the impact of which is evident in the model. (In Russian).

Suggested Citation

  • Sergey Kolesnikov & Olga Podkorytova, 2011. "Russia's Trade Flows and WTO," EUSP Department of Economics Working Paper Series 2011/06, European University at St. Petersburg, Department of Economics, revised 01 Jul 2011.
    • Handle: RePEc:eus:wpaper:ec2011_06
    Note: Presented at the XVI conference on Dynamics, Economic Growth, and International Trade (DEGIT-XVI), St. Petersburg, September 8-9, 2011
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    References listed on IDEAS

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    More about this item

    Keywords

    Russia; gravity model; trade flows; non-oil trade;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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