Export and import composition as determinants of bilateral trade in goods: evidence from Russia

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dc.contributor.author Tovar García, Edgar Demetrio
dc.contributor.other Campus Guadalajara
dc.date.accessioned 2019-07-25T18:08:17Z
dc.date.available 2019-07-25T18:08:17Z
dc.date.issued 2019
dc.identifier.citation Edgar Demetrio Tovar-García & Carlos A. Carrasco (2019) Export and import composition as determinants of bilateral trade in goods: evidence from Russia, Post-Communist Economies, 31:4, 530-546, DOI: 10.1080/14631377.2018.1557913 es_ES, en_US
dc.identifier.issn 1463-1377
dc.identifier.uri http://scripta.up.edu.mx/xmlui/handle/123456789/4938
dc.identifier.uri http://dx.doi.org/10.1080/14631377.2018.1557913
dc.description.abstract Conventional theory and several empirical studies state that incomes and exchange rates are the key determinants of the trade balance. Here, we argue that export and import composition are also key explanatory variables because some goods are inelastic and/or with a high added value, directly and indirectly affecting income and price elasticities and trade balance. Thus, if exports and/or imports significantly consist of price inelastic products, then, a positive and a negative effect, respectively, should be expected on the trade balance. Using bilateral trade data and dynamic panel models, we found that the ratio of exports of crude petroleum and natural gas (price inelastic goods) to total exports is significantly and positively associated with the Russian trade balance in goods. For its part, Russian imports of high-tech goods (income elastic and price inelastic with a high added value) show a negative association. The goods balance of Russia also responded to changes in relative income, but there is only weak evidence of reactions to changes in the exchange rate. These findings partially explain the persistent surplus in the Russian trade balance and current account.
dc.description.tableofcontents Ciencias Económicas y Empresariales es_ES, en_US
dc.language.iso eng
dc.publisher Taylor and Francis es_ES, en_US
dc.relation Versión aceptada es_ES, en_US
dc.relation.ispartof REPOSITORIO SCRIPTA es_ES, en_US
dc.relation.ispartof OPENAIRE es_ES, en_US
dc.rights Acceso Cerrado es_ES, en_US
dc.rights.uri http://creativecommons.org/licenses/by-nd/4.0 es_ES, en_US
dc.rights.uri http://www.sherpa.ac.uk/romeo/search.php?id=1140&la=es&fIDnum=|&mode=advanced&format=full
dc.source Post-Communist Economies
dc.subject Crude petroleum and natural gas es_ES, en_US
dc.subject Export composition es_ES, en_US
dc.subject High-tech goods es_ES, en_US
dc.subject Import composition es_ES, en_US
dc.subject Trade balance es_ES, en_US
dc.subject.classification CIENCIAS SOCIALES es_ES, en_US
dc.subject.classification Ciencias Económicas y Empresariales
dc.title Export and import composition as determinants of bilateral trade in goods: evidence from Russia es_ES, en_US
dc.type artículo es_ES, en_US
dcterms.audience Investigadores
dcterms.audience Estudiantes
dcterms.audience Maestros


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