Econometric gravity models of mutual trade of the EAEU countries

  • Catherine G. Gospodarik Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus https://orcid.org/0000-0002-5593-7728
  • Elena S. Maenova Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Abstract

The article analyses the foreign trade activity of the Republic of Belarus on the basis of the econometric gravity model of foreign trade of the EAEU member states. In addition, the export potential of the Republic of Belarus was analysed, as well as the comparative advantages of Belarus in trade with the EAEU member states were given. Based on the analysis, the authors offer recommendations for increasing export potential.

Author Biographies

Catherine G. Gospodarik, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

PhD (economics), docent; head of the department of analytical economics and econometrics, faculty of economics

Elena S. Maenova, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

master of science (economics)

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Published
2021-12-31
Keywords: foreign trade activity, gravity model, index of revealed comparative advantage, export potential
How to Cite
Gospodarik, C. G., & Maenova, E. S. (2021). Econometric gravity models of mutual trade of the EAEU countries. Journal of the Belarusian State University. Economics, 2, 77-91. Retrieved from https://journals.bsu.by/index.php/economy/article/view/4299