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Estimation of Kazakhstan’s trade potential in the framework of the Custom Union

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  • Nurlan Nurseiit

Abstract

The paper identifies the features and determinants of Kazakhstan's foreign trade with other members of the Customs Union of Russia, Kazakhstan and Belarus (CU), and estimates the degree of utilization of its trade potential for 1995-2011. The participation in the CU has led to an increase of Kazakhstan’s turnover with Russia and Belarus mainly due to imports from these countries, while the share of exports to these countries in its total exports has been declined since 2011. The main reason is the achievement of the potential level of mutual trade for Kazakhstan. Gravity models confirms that the inter-industry trade between the CU’s countries based on the comparative advantages comes to a standstill and to further expand their mutual trade, countries should specialize in the expansion of intra-industry trade.

Suggested Citation

  • Nurlan Nurseiit, 2014. "Estimation of Kazakhstan’s trade potential in the framework of the Custom Union," Business and Economic Horizons (BEH), Prague Development Center, vol. 10(4), pages 320-347, November.
    • Handle: RePEc:pdc:jrnbeh:v:10:y:2014:i:4:p:320-347
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    Citations

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    Cited by:

    1. Gustavo Rodriguez & Jorge Davalos, 2017. "El Potencial de Comercio del Acuerdo Trans-Pacifico para el Peru, un enfoque Gravitacional," Revista Internacional de Gestión del Conocimiento y la Tecnología (GECONTEC), Revista Internacional de Gestión del Conocimiento y la Tecnología (GECONTEC), vol. 5(2), pages 93-107, October.
    2. Kiril I. Tochkov, 2018. "Trade Potential and Trade Integration of the Russian Far East: A Regional Perspective," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 21-38.
    3. K. A. Morachevskaya & A. N. Shavel’ & A. S. Zinovyev, 2018. "Structural Shifts in the Foreign Trade of Border Regions of Russia and Belarus in the Context of Political and Economic Challenges of the 2010s," Regional Research of Russia, Springer, vol. 8(3), pages 269-280, July.

    More about this item

    Keywords

    Trade potential; Custom Union; gravity model; Kazakhstan; Russia; Belarus;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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