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The impact of the ruble devaluation in 2014 on the dynamics of foreign trade operations of the Far Eastern federal district


Simutina N.L., Puzikova O.P.
(about the authors)

Simutina Natalya Leonidovna – (Far-Eastern State Agrarian University)

Puzikova Olga Petrovna – (Far-Eastern State Agrarian University)

Published in:
Journal of International Economic Affairs
– Volume 9, Number 2 (April-June 2019)

JEL classification: D04; F19; F36; Q11

Keywords: balance of trade, condition of Marshall-Lerner, exports of soybean, subjects of Far Eastern federal district


Citation:
Simutina N.L., Puzikova O.P. (2019). The impact of the ruble devaluation in 2014 on the dynamics of foreign trade operations of the Far Eastern federal district. Journal of International Economic Affairs, 9(2), 1239-1254. doi: 10.18334/eo.9.2.40809


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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.








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