The effect of sanctions on EU-russia trade: The study for 2015 - 2019
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
The effect of sanctions on EU-russia trade: The study for 2015 - 2019
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| Автор |
Drapkin, I.
Sidorov, K. Mariev, O. |
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| Тематика |
COUNTER-SANCTIONS
EFFECT OF SANCTIONS PPML RUSSIA-EU TRADE SANCTIONS TRADE POTENTIAL BILATERAL AGREEMENT ECONOMETRICS EUROPEAN UNION FOOD INDUSTRY GROSS DOMESTIC PRODUCT INTERNATIONAL TRADE TRADE FLOW |
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| Описание |
We analyze the influence of sanctions on bilateral trade flows between the European Union and the Russian Federation during 2015-2019. Despite trade sanctions and counter-sanctions being imposed against particular groups of commodities, their influence affected trade flows between Russia and the EU in all sectors. The proposed methodology of estimating the effect of sanctions on EU-Russia trade is based on the idea of calculating trade potentials and comparing them with actual values. The augmented gravity approach is used to construct an econometric model, while the Poisson pseudo maximum likelihood method is applied to derive unbiased estimates. It is shown that during 2015-2019, due to EU sanctions Russia lost USD 41.3 billion in export revenues annually, comprising 2.5 percent of its GDP. Russian exports to Europe declined in all basic industries, but the petroleum industry took 91.2 percent of the total losses. European aggregate exports to Russia have not suffered from mutual sanctions: Although the European food industry lost USD 2.7 billion annually, these losses were compensated for by export growth in other industries. © 2022, Institute of Geography of the Slovak Academy of Science. All rights reserved.
Russian Science Foundation, RSF, (19-18-00262) * Igor DRAPKIN, corresponding author, Higher School of Economics, Center for Industrial Policy Studies, 20 Myasnitskaya St., 101000 Moscow, Russian Federation Ural Federal University, Department of International Economics and Management, 19 Mira St., 620002 Ekaterinburg, Russian Federation e-mail: i.m.drapkin@mail.ru ** Kirill SIDOROV, Ural Federal University, Department of International Economics and Management, 19 Mira St., 620002 Ekaterinburg, Russian Federation e-mail: kirill.sidorov@urfu.me *** Oleg MARIEV, Ural Federal University, Department of Economics and Statistics, 19 Mira St., 620002 Ekaterinburg, Russian Federation e-mail: olegmariev@mail.ru 1 This research was supported by Russian Science Foundation grant Empirical modelling of balanced technological and socioeconomic development in the Russian regions (Project No. 19-18-00262). |
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| Дата |
2024-04-08T11:08:16Z
2024-04-08T11:08:16Z 2022 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Drapkin, I, Sidorov, K & Mariev, O 2022, 'The Effect of Sanctions on EU-Russia Trade: The Study for 2015 – 2019', Ekonomický časopis, Том. 70, № 9-10, стр. 743-767. https://doi.org/10.31577/ekoncas.2022.09-10.04
Drapkin, I., Sidorov, K., & Mariev, O. (2022). The Effect of Sanctions on EU-Russia Trade: The Study for 2015 – 2019. Ekonomický časopis, 70(9-10), 743-767. https://doi.org/10.31577/ekoncas.2022.09-10.04 0013-3035 Final All Open Access; Bronze Open Access https://www.sav.sk/journals/uploads/0125121009-10 22 Drapkin + SR.pdf https://www.sav.sk/journals/uploads/0125121009-10 22 Drapkin + SR.pdf http://elar.urfu.ru/handle/10995/131604 10.31577/ekoncas.2022.09-10.04 85148647462 000970784900004 |
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| Язык |
en
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| Связанные ресурсы |
info:eu-repo/grantAgreement/RSF//19-18-00262
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| Права |
Open access (info:eu-repo/semantics/openAccess)
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| Формат |
application/pdf
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| Издатель |
Institute of Geography of the Slovak Academy of Science
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| Источник |
Ekonomický časopis
Ekonomicky casopis |
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