Der Handel zwischen Russland und den Baltischen Staaten: Pfadabhängigkeit oder wirtschaftliche Rationalität?
Keywords: Russland, die baltischen Staaten, Handel, Pfadabhängigkeit
AbstractIn recent 25 years, trade relation between Russia and the Baltic countries have been often challenged by constant setbacks. However, despite it the Baltic countries have been interested in developing trade relations with Russia. The article focuses on the question, whether this pattern could be related to the path dependence approach or to specific economic factors, derived from the economic growth and business cycle theories and the small open economy models. On this basis, it also discusses the outlook for the normalisation of trade relations, assuming that sanctions will be eliminated at a certain moment in time. The authors argue that in theory, the normalisation of trade relations is possible if: a) the cooperation between the EU and Russia will reach the stage that brings significant benefits to the Baltic countries, or b) risks related to Russia’s erratic behaviour on the international stage will decrease significantly. Both developments seem to be rather unlikely in short run.
Download data is not yet available.
How to Cite
Markus, R., & Veebel, V. (2017). Der Handel zwischen Russland und den Baltischen Staaten: Pfadabhängigkeit oder wirtschaftliche Rationalität?. Estonian Discussions on Economic Policy, 25(1). https://doi.org/10.15157/tpep.v25i1.13722
Articles. Artikeln. Artiklid
Copyright (c) 2017 Estonian Discussions on Economic Policy
This work is licensed under a Creative Commons Attribution 4.0 International License.The publication Estonian Discussions on Economic Policy uses the Creative Commons Attribution 4.0 License. With the delivery of a paper, the author grants to the Board also the right to publish the paper in the journal. The journal has set no obstacles or prohibitions to the authors for the future, and according to the current practice, authors subsequently use their paper as they consider it appropriate. Authors are personally responsible for the content, correct spelling and formatting of their publications.