The aim of the study is to investigate the export of Russia to Lithuania, Latvia, Estonia, Georgia, and Ukraine in the context of cultural affinity. Lithuania, Latvia, Estonia, Ukraine, and Georgia are the former USSR (Union of Soviet Socialist Republics) countries. Besides, a quarter of the population is Russian origin in Latvia and Estonia, this rate is 6% in Lithuania, and 1.5% in Georgia. Therefore, there is a cultural affinity among Lithuania, Latvia, Estonia, Ukraine, Georgia, and Russia. In the study, the panel data analysis method and panel gravity model are applied. This analysis involves the years from 2001 to 2018. As a result, it is determined that if the populations and GDPs of Lithuania, Latvia, Estonia, Ukraine, and Georgia increase, they prefer not to trade with Russia. In other words, the cultural and historical relationships of Lithuania, Latvia, Estonia, Ukraine, and Georgia with Russia does not affect commercial relations positively.
Primary Language | English |
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Subjects | Economics |
Journal Section | Research Articles |
Authors | |
Publication Date | September 30, 2020 |
Submission Date | April 2, 2020 |
Published in Issue | Year 2020 Volume: 11 Issue: 28 |