Скачать или смотреть The Russian Export Puzzle: Russia's Oil and Gas Exports Drive Trade Surplus

Tovar-García, E. D. (2018). Does the share of crude petroleum and natural gas in exports increase total exports? The Russian case. World Economy and International Relations (Scopus-Q2), 62(6), 30–35. https://doi.org/10.20542/0131-2227-20...

This academic article investigates the relationship between export composition and overall export performance, specifically focusing on the Russian case. The author hypothesizes that a higher share of crude petroleum and natural gas in Russia's exports positively influences its total bilateral exports, largely due to the inelastic demand for these products. Utilizing dynamic panel data models with data from 1996-2016, the research confirms this positive link, emphasizing that the impact is primarily through indirect effects on income and price elasticities. The findings offer insights into Russia's persistent trade and current account surpluses and suggest that a country's export composition is a significant factor in explaining external imbalances, challenging the sole reliance on price competitiveness strategies.