The Terms-of-Trade Effects of Moving to World Prices on Countries of the Former Soviet Union

David Tarr

Chapter 12 in Trade Policies for Development and Transition, 2017, pp 271-294 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this paper we provide the first documented estimates of the terms-of-trade impact on all 15 countries of the former Soviet Union of shifting to international prices in their trade. We decompose the total impact of a change in the terms-of-trade into a change in the interrepublic and extrarepublic terms-of-trade. The broad pattern is that raw material and energy exporters, notably Russia, Turkmenistan, and Kazakhstan, are estimated to gain, whereas countries that concentrate on food and machinery exports, notably the Baltic states. Belarus, and especially Moldova, are estimated to be the biggest losers.

Keywords: International Trade Policy; Developing Countries; Transition Countries; Growth; Poverty; Environment; Multilateral; Adjustment Costs; Autos and Steel (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2017
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Journal Article: The Terms-of-Trade Effects of Moving to World Prices on Countries of the Former Soviet Union (1994)
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