The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region

The development of foreign trade policy, adequate to market principles of functioning of the Russian economy and its consecutive integration to the world economy poses a major challenge for the researchers: the potential identifying for the increasing of mutual trade flows and their further integrat...

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Main Authors: Natalia Victorovna Kuznetsova, Ekaterina Victorovna Kocheva, Nikolay Anatolievich Matev
Format: Article
Language:English
Published: EconJournals 2016-04-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31978/352517?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Natalia Victorovna Kuznetsova
Ekaterina Victorovna Kocheva
Nikolay Anatolievich Matev
author_facet Natalia Victorovna Kuznetsova
Ekaterina Victorovna Kocheva
Nikolay Anatolievich Matev
author_sort Natalia Victorovna Kuznetsova
collection DOAJ
description The development of foreign trade policy, adequate to market principles of functioning of the Russian economy and its consecutive integration to the world economy poses a major challenge for the researchers: the potential identifying for the increasing of mutual trade flows and their further integration. To assess the dynamics of foreign economic relations, we used the indicators of economic openness and the importance of mutual trade. In order of modelling the trade and economic integration of Far Eastern Federal District and the countries of Asia-Pacific region, we used gravity models in this study. Consequently, there have been built six gravity models that characterize the dependence of Russian Far Eastern export and import on countries of Asia-Pacific region for each period of the study. Design and the analysis of gravity models have revealed patterns of Far Eastern Federal District with Asia-Pacific countries as well as with the individual partner countries of the district. The dynamics of gravitational interactions defining the factors’ relations is determined.
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spelling doaj.art-1208e276cd9e4888904c8eb36311823f2023-02-15T16:18:59ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-04-01627367441032The Analysis of Foreign Trade Activities of Russia and Asia-Pacific RegionNatalia Victorovna KuznetsovaEkaterina Victorovna KochevaNikolay Anatolievich MatevThe development of foreign trade policy, adequate to market principles of functioning of the Russian economy and its consecutive integration to the world economy poses a major challenge for the researchers: the potential identifying for the increasing of mutual trade flows and their further integration. To assess the dynamics of foreign economic relations, we used the indicators of economic openness and the importance of mutual trade. In order of modelling the trade and economic integration of Far Eastern Federal District and the countries of Asia-Pacific region, we used gravity models in this study. Consequently, there have been built six gravity models that characterize the dependence of Russian Far Eastern export and import on countries of Asia-Pacific region for each period of the study. Design and the analysis of gravity models have revealed patterns of Far Eastern Federal District with Asia-Pacific countries as well as with the individual partner countries of the district. The dynamics of gravitational interactions defining the factors’ relations is determined.https://dergipark.org.tr/tr/pub/ijefi/issue/31978/352517?publisher=http-www-cag-edu-tr-ilhan-ozturkforeign trade turnover gravity models export import asia-pacific region modelling trade and economic integration.
spellingShingle Natalia Victorovna Kuznetsova
Ekaterina Victorovna Kocheva
Nikolay Anatolievich Matev
The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region
International Journal of Economics and Financial Issues
foreign trade turnover
gravity models
export
import
asia-pacific region
modelling
trade and economic integration.
title The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region
title_full The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region
title_fullStr The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region
title_full_unstemmed The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region
title_short The Analysis of Foreign Trade Activities of Russia and Asia-Pacific Region
title_sort analysis of foreign trade activities of russia and asia pacific region
topic foreign trade turnover
gravity models
export
import
asia-pacific region
modelling
trade and economic integration.
url https://dergipark.org.tr/tr/pub/ijefi/issue/31978/352517?publisher=http-www-cag-edu-tr-ilhan-ozturk
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