Type
Article
Title
Russia’s Accession to the WTO: what potential for trade increase
In
Journal of Comparative Economics
Author(s)
KOUKHARTCHOUK Oxana - Réformes et Ouverture des Systèmes Economiques post-Socialistes (ROSES) (Author)
MAUREL Mathilde - Centre d'économie de la Sorbonne (CNRS/UP 1) (CES) (Author)
Editor
US : Elsevier B.V.
Volume
32
Number
4
Pages
680 - 699 p.
ISSN
01475967
Abstract
EN
This paper investigates the impact of institutions on trade and estimates the potential for trade increase between the Commonwealth of Independent States (CIS) and the European Union (EU). The latter is computed from a gravity equation using the procedure introduced by Hausman and Taylor [1981. Panel Data and Unobservable Individual Effects. Econometrica 49 (6) 1377-1398]. We find that CIS trade is still characterized by a large trade diversion effect, which implies that trade with non-CIS countries could increase considerably in the long run. Another source of deepening the level of the European trade integration comes from the convergence of institutions towards the EU standards in light of Russia's application to join the WTO.

BIBLIOGRAPHIC QUOTE
EXPORT