Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries
This study presents the aggregative data analysis concerning foreign trade of the Eurasian Economic Union (hereinafter referred to as EAEU) countries. A gravity model of the foreign trade in several modifications between 2011 and 2019 (the period before the COVID-19 pandemic) was applied. On the bas...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2023-12-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/4880 |
| _version_ | 1797243669262106624 |
|---|---|
| author | O. N. Zhilkin S. A. Balashova A. A. Abramova |
| author_facet | O. N. Zhilkin S. A. Balashova A. A. Abramova |
| author_sort | O. N. Zhilkin |
| collection | DOAJ |
| description | This study presents the aggregative data analysis concerning foreign trade of the Eurasian Economic Union (hereinafter referred to as EAEU) countries. A gravity model of the foreign trade in several modifications between 2011 and 2019 (the period before the COVID-19 pandemic) was applied. On the basis of the conducted research it was discovered how fast the impact of the distance factor between foreign economic partners decreases with consideration to the time factor. Also those industries and spheres of activity were identified where the factor may be the least important or where the model is not applicable at all. Besides, the authors gave recommendations to include additional factors in the gravitational model if it is applied for analysis and forecasting of foreign trade with border states or states that are not part of the EAEU. |
| first_indexed | 2024-03-08T04:17:50Z |
| format | Article |
| id | doaj.art-c1a0a4c8b8174288908beeabf19c6f69 |
| institution | Directory Open Access Journal |
| issn | 1816-4277 2686-8415 |
| language | English |
| last_indexed | 2024-04-24T18:58:47Z |
| publishDate | 2023-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj.art-c1a0a4c8b8174288908beeabf19c6f692024-03-26T14:23:16ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-12-0101117918710.26425/1816-4277-2023-11-179-1872955Gravitational model: analysis of mutual trade of the Eurasian Economic Union countriesO. N. Zhilkin0S. A. Balashova1A. A. Abramova2RUDN UniversityRUDN UniversityRUDN UniversityThis study presents the aggregative data analysis concerning foreign trade of the Eurasian Economic Union (hereinafter referred to as EAEU) countries. A gravity model of the foreign trade in several modifications between 2011 and 2019 (the period before the COVID-19 pandemic) was applied. On the basis of the conducted research it was discovered how fast the impact of the distance factor between foreign economic partners decreases with consideration to the time factor. Also those industries and spheres of activity were identified where the factor may be the least important or where the model is not applicable at all. Besides, the authors gave recommendations to include additional factors in the gravitational model if it is applied for analysis and forecasting of foreign trade with border states or states that are not part of the EAEU.https://vestnik.guu.ru/jour/article/view/4880gravitational model of the economyforeign tradeeconometric methodspanel dataeurasian economic union (eeu countries) countriestrade and economic relationsdistance factormutual export |
| spellingShingle | O. N. Zhilkin S. A. Balashova A. A. Abramova Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries Вестник университета gravitational model of the economy foreign trade econometric methods panel data eurasian economic union (eeu countries) countries trade and economic relations distance factor mutual export |
| title | Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries |
| title_full | Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries |
| title_fullStr | Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries |
| title_full_unstemmed | Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries |
| title_short | Gravitational model: analysis of mutual trade of the Eurasian Economic Union countries |
| title_sort | gravitational model analysis of mutual trade of the eurasian economic union countries |
| topic | gravitational model of the economy foreign trade econometric methods panel data eurasian economic union (eeu countries) countries trade and economic relations distance factor mutual export |
| url | https://vestnik.guu.ru/jour/article/view/4880 |
| work_keys_str_mv | AT onzhilkin gravitationalmodelanalysisofmutualtradeoftheeurasianeconomicunioncountries AT sabalashova gravitationalmodelanalysisofmutualtradeoftheeurasianeconomicunioncountries AT aaabramova gravitationalmodelanalysisofmutualtradeoftheeurasianeconomicunioncountries |