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Trade Liberalization and Trade Balance
https://doi.org/10.32609/0042-8736-2005-7-19-36
Abstract
The paper estimates the impact of import tariffs on Russia's trade balance. Empirical model analyzes Russian trade by industries and partner countries, taking into account import tariffs on both industrial output and intermediate goods. It is shown that the aggregate impact of import duties on trade balance is negative in all industries outside the fuel and energy sector. Decrease in import tariffs is likely to improve market positions of Russian non-fuel exports, especially in such industries as machine building and metal works, agriculture and forestry, chemistry and light industry.
About the Author
S. Afontsev
Institute of World Economy and International Relations, Russian Academy of Sciences
Russian Federation
Russian Federation
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Review
For citations:
Afontsev S. Trade Liberalization and Trade Balance. Voprosy Ekonomiki. 2005;(7):19-36. (In Russ.) https://doi.org/10.32609/0042-8736-2005-7-19-36
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