Download or read book Trade Potential and Trade Integration of the Russian Far East written by Kiril Tochkov and published by . This book was released on 2019 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, the Russian government has embarked on an ambitious program of economic development in the Russian Far East (RFE), envisioning the transformation of the region into a hub for trade with the Asia Pacific. This paper explores the extent of RFE's trade integration with both key partners around the world and the rest of Russia. In particular, we calculate the region's trade potential on the basis of mean predicted values from a gravity model using three samples that offer different perspectives. Actual trade flows are then evaluated relative to the potential and the resulting index is analyzed for various years and countries. The results suggest that RFE exports to Northeast Asia have intensified over the period 2008-17, allowing the region to surpass its potential, although there is room to grow with respect to China. Moreover, the deepening integration with the Asia Pacific has been achieved at the expense of trade links with the rest of Russia. Lastly, imports from Japan and Korea are shown to be far below potential, although these two countries could be useful in promoting the economic development of RFE.