Of Openess and Distance: Trade Developments in the Commonwealth of Independent States, 1993-2002

Katrin Elborgh-Woytek

No 2003/207, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes developments in the structure of trade in the Commonwealth of Independent States (CIS) during the transition decade, and finds that it changed less than in other transition economies. Trade openness of the CIS increased between 1993 and 1997, but has fallen to a lower-level plateau since then owing to regional and country-specific factors. These include slower progress in transition, geographic aspects, restrictions on trade, governance and corruption problems, weak infrastructure, lack of regional cooperation, and political conflicts. Regression results show that trade openness of the CIS countries would likely increase substantially if market-oriented reforms were pursued more vigorously.

Keywords: WP; trade; CIS country; CIS trade; Commonwealth of Independent States; CIS; CIS economy; IMF trade restrictiveness index; CIS share; CIS metal export; Exports; Direction of trade; Imports; Trade balance; Trade policy; Central Asia (search for similar items in EconPapers)
Pages: 28
Date: 2003-10-01
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Citations: View citations in EconPapers (3)

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