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A new evidence from the effects of Russia’s WTO accession on its foreign trade

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  • Ehsan Rasoulinezhad

    (University of Tehran
    State University of Saint Petersburg)

Abstract

The purpose of this paper is to analyze the effects of Russia’s WTO accession on Russia’s foreign trade policy with top 40 trading partners. The paper conducts a panel data estimation based on a gravity model for bilateral trade patterns in agricultural and industrial commodities between Russia and 40 trading partners during two separate periods: 2000–2011 and 2012–2015. The paper arrives at two key conclusions. First, economic size, trade remoteness and bilateral exchange rate have a stronger effect on the agricultural trade flows between Russia and its trading partners before the WTO accession of Russia, while economic size, trade remoteness and trade openness show a stronger impact on agricultural trade flows after Russia’s accession to the WTO. Second, economic size, trade remoteness and bilateral exchange rate have a stronger effect on the industrial trade flows between Russia and its top trading partners before the WTO accession, while economic size, trade remoteness and trade openness show a stronger impact on industrial trade flows after the accession. To the best of the author's knowledge, no study has looked at the Russia’s foreign trade with its top trading partners before and after WTO accession of Russia.

Suggested Citation

  • Ehsan Rasoulinezhad, 2018. "A new evidence from the effects of Russia’s WTO accession on its foreign trade," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 73-92, April.
    • Handle: RePEc:spr:eurase:v:8:y:2018:i:1:d:10.1007_s40822-017-0081-1
    DOI: 10.1007/s40822-017-0081-1
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    2. Rangan Gupta & Giray Gozgor & Huseyin Kaya & Ender Demir, 2019. "Effects of geopolitical risks on trade flows: evidence from the gravity model," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 515-530, December.
    3. Anca D. Cristea & Anna Miromanova, 2022. "Firm‐level trade effects of WTO accession: Evidence from Russia," Review of International Economics, Wiley Blackwell, vol. 30(1), pages 237-281, February.
    4. Rasoulinezhad, Ehsan & Sung, Jinsok & Talipova, Amina & Taghizadeh-Hesary, Farhad, 2022. "Analyzing energy trade policy in Central Asia using the intercountry trade force approach," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 441-454.
    5. Muhammad Umair & Muhammad Ramzan Sheikh & Asifa Tufail, 2022. "Determinants Of Pakistan’S Bilateral Trade With Major Trading Partners: An Application Of Heckscher-Ohlin Model And Tinbergen Gravity Model," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 24-36, March.
    6. Rasoulinezhad, Ehsan, 2020. "Energy Trade and Economic Integration between the Commonwealth Independent States and China," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 35(1), pages 172-190.
    7. Mehmet Huseyin Bilgin, 2019. "Trade Liberalization: Is It Desirable for All Developing Economies?: A Literature Review," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 199-204, December.
    8. Mohsen Bahmani-Oskooee & Hanafiah Harvey & Amr Hosny, 2019. "Kazakhstan trade with its partners and the role of tenge: an asymmetric analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 493-513, December.
    9. Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Rasoulinezhad, Ehsan & Chang, Youngho, 2019. "Trade linkages and transmission of oil price fluctuations," Energy Policy, Elsevier, vol. 133(C).

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    More about this item

    Keywords

    Trade policy; The WTO accession; Russia; Gravity model; FMOLS;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F10 - International Economics - - Trade - - - General

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