The assessment of the development of foreign trade relations of Russia based on the cointegration analysis

Natalia Anatolievna Navrotskaya, Natalya Yuryevna Sopilko, Rimma Shoidorzhievna Bolotova, Sergey Vladimirovich Shamsheev, Nataliya Vitalevna Bondarchuk, Elena Viktorovna Margolina

Research output: Contribution to journalArticlepeer-review

Abstract

The methods of cointegration analysis and the Vector error correction model (VECM) were used in the study of the peculiarities of Russian foreign economic relations with the main partner countries in the sectoral context. As a result of the research, reliable models of cointegration interrelations were obtained, which allowed us to reveal certain patterns of trade development of the selected group of countries. The obtained cointegrating coefficients made it possible to estimate the speed of recovery of trade links that were disrupted due to external influences. This information about the resistance of international trade ties is important for economic analysis and forecasting.

Original languageEnglish
Pages (from-to)1899-1911
Number of pages13
JournalInternational Journal of Civil Engineering and Technology (IJCIET)
Volume10
Issue number2
Early online date2018
StatePublished - 1 Feb 2019

Scopus subject areas

  • Control and Systems Engineering
  • Civil and Structural Engineering
  • Building and Construction
  • Computer Networks and Communications

Keywords

  • Cointegration analysis
  • Foreign trade relations
  • International trade
  • Vector error correction model (VECM)

Fingerprint

Dive into the research topics of 'The assessment of the development of foreign trade relations of Russia based on the cointegration analysis'. Together they form a unique fingerprint.

Cite this