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A Gravity Model of Russian Trade: The Role of Foreign Direct Investment and Socio-Cultural Similarity

Ichiro Iwasaki () and Keiko Suganuma

No 40, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: In this paper, we estimated a gravity model of Russian trade using panel data from Russia and 23 OECD member countries. Our estimation results indicate that foreign direct investment and socio-cultural similarity are determining factors in the trade volume between Russia and these developed economies. We also found that the trade and investment activities of Russian firms differ considerably from their counterparts in developed economies.

Keywords: international trade; foreign direct investment; gravity model; Poisson regression; WTO; Russia (search for similar items in EconPapers)
JEL-codes: F14 F21 P33 (search for similar items in EconPapers)
Pages: 10, [4] p.
Date: 2013-08
New Economics Papers: this item is included in nep-cis, nep-int and nep-tra
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http://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/25826/RRC_WP_No40.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:40

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