Russia's trade flows and WTO

Sergey Kolesnikov () and Olga Podkorytova
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Sergey Kolesnikov: Department of Economics, European University at St. Petersburg

No Ec-06/11, EUSP Deparment of Economics Working Paper Series from European University at St. Petersburg, Department of Economics

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.

Keywords: Russia; gravity model; trade flows; non-oil trade (search for similar items in EconPapers)
JEL-codes: C21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-int and nep-tra
Date: 2011-06-21, Revised 2011-07-01
Note: Presented at the XVI conference on Dynamics, Economic Growth, and International Trade (DEGIT-XVI), St. Petersburg, September, 8th-9th, 2011
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