Abstract
Based on the systematic analysis of the development of Russian foreign trade and the characteristics of the regional distribution structure of trade, this work further studies the influencing factors of Russia’s foreign trade by using the R language regression analysis method and constructs three econometric models from import, export, and total import and export. The real effective exchange rate and various instruments and equipment and accessories are the main factors affecting Russia’s import trade, energy, minerals, timber, and related products are the main factors affecting its export trade, and Russia’s GDP and international oil prices are the major factors affecting the total import and export volume. A correct understanding of the factors affecting Russia’s foreign trade will help to understand Russia’s economic and trade development and its changing trend and provide a reliable reference value for the further expansion and optimization of economic and trade cooperation between other economies and Russia.
Highlights
Foreign trade is one of the important factors that restrict a country’s economic development
Neoclassical free trade theory emphasizes that foreign trade should be based on different production factor endowments, but Russia is a country with abundant natural resources and has the advantage of natural resource endowments, which is the most stable and irreversible of all “comparative advantages” in the world
Based on the theory of economy and trade, this paper studies the main influencing factors of Russia’s foreign trade by establishing econometric models and using quantitative analysis methods, which will help to grasp the development trend of Russia’s foreign trade and has important practical guiding significance for improving economic and trade cooperation with Russia
Summary
Foreign trade is one of the important factors that restrict a country’s economic development. With the deepening of economic globalization, foreign trade plays an increasingly important role in the development of various economies. Foreign trade is an important channel for Russia to obtain capital and technology for its economic development. In the past two decades, Russia’s foreign trade has made remarkable achievements and its position in Russia’s economic development has been constantly improving. If we can correctly grasp the influencing factors of Russia’s foreign trade, it will help to understand and grasp the development and changing trend of Russia’s economic and trade and provide important reference value and guiding significance for further expanding and optimizing the trade cooperation between other economies and Russia
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