The impact of the ruble devaluation in 2014 on the dynamics of foreign trade operations of the Far Eastern federal district
Simutina N.L.1, Puzikova O.P.1
1 Дальневосточный государственный аграрный университет
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Journal paper
Journal of International Economic Affairs (РИНЦ, ВАК)
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Volume 9, Number 2 (April-June 2019)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=39191657
Abstract:
The strategy of maintaining a low exchange rate of the national currency to stimulate export operations is used by many countries, including Russia. The article analyzes the structure and dynamics of export and import operations and of the trade balance of the Far Eastern federal district. A simplified calculation of the elasticity of exports and imports was made, on the basis of which it was concluded that the Marshall-Lerner condition was met, but the improvement in the trade balance came only in 2018. Analysis of the dynamics of soybean exports and comparison of average export prices with the world showed that there are reserves in the expansion of this direction.
Keywords: condition of Marshall-Lerner, subjects of Far Eastern federal district, balance of trade, exports of soybean
JEL-classification: D04; F19; F36; Q11
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