OECD Economics Department Working Papers

Assessing Russia's Non-fuel Trade Elasticities: Does the Russian Economy React "Normally" to Exchange Rate Movements?

DOI:https://dx.doi.org/10.1787/431350563511

This paper attempts to assess the impact of exchange rate movements on Russian import and nonfuel export performance, using an error correction model. The estimation of trade equations shows that long-run price elasticities for imports and non-fuel exports are close to 0.6 and 0.7 respectively,...



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