Russia and the WTO: The "Gravity" of Outsider Status

 
Author/Editor: Lissovolik, Bogdan ; Lissovolik, Yaroslav
 
Publication Date: August 01, 2004
 
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Summary: With China's accession to the WTO in 2001, Russia is by far that organization's most prominent nonmember. This paper applies the gravity model to gauge whether this "outsider" status has been affecting Russia's export structure. On the basis of cross-section and panel regressions for 1995-2002, we find that Russian exports to WTO members have fallen short of the model's predictions. The paper discusses possible explanations of this result, including Russia's exclusion from various WTO procedures, although own-export restrictions could have a similar effect. The model points to Russia's further trade reorientation toward WTO members after a putative accession. Our results also prompt some ideas that may resolve the recent empirical controversy over the WTO's overall role in promoting trade.
 
Series: Working Paper No. 04/159
Subject(s): World Trade Organization | Russian Federation | Trade | Economic models

Author's Keyword(s): WTO | gravity model | Russia | trade
 
English
Publication Date: August 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1592004 Pages: 42
Price:
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