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The evaluation of the EU trade with Russia based on the analysis of selected indices: Revealed comparative advantages, intra-industry trade, and trade intensity

Author

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  • Elena Kastakova,
  • Boris Baumgartner,

Abstract

There have been many geopolitical changes and economic factors that affected the mutual trade between the EU and its main trading partners between the years 2005 and 2016. In the long term, one of the most important trade partners of the EU is Russia. It is a major supplier of energy resources to the EU as well as significant export market for European producers. Even today, when mutual trade relations arenegatively influenced by trade-political sanctions, the mutual dependence is undeniable. The submission evaluates the mutual trade between the EU and Russia with the use of selected indices - revealed comparative advantages, intra-industry trade and trade intensity. The analysis of these indicators points to strategic importance of this trade relation. However, if the EU wants to sustain this relation, it should consider how to solve the current tension and after that to strengthen future mutual relations

Suggested Citation

  • Elena Kastakova, & Boris Baumgartner,, 2017. "The evaluation of the EU trade with Russia based on the analysis of selected indices: Revealed comparative advantages, intra-industry trade, and trade intensity," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(4), pages 428-438, October.
    • Handle: RePEc:pdc:jrnbeh:v:13:y:2017:i:4:p:428-438
    DOI: 10.15208/beh.2017.30
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    References listed on IDEAS

    as
    1. Bouwmeester, Maaike C. & Oosterhaven, J., 2017. "Economic impacts of natural gas flow disruptions between Russia and the EU," Energy Policy, Elsevier, vol. 106(C), pages 288-297.
    2. Pami Aalto & Tuomas Forsberg, 2016. "The structuration of Russia’s geo-economy under economic sanctions," Asia Europe Journal, Springer, vol. 14(2), pages 221-237, June.
    3. Jeroen Hinloopen & Charles Marrewijk, 2001. "On the empirical distribution of the Balassa index," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(1), pages 1-35, March.
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    More about this item

    Keywords

    Revealed comparative advantage; trade; Russia; EU;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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