Russia's true imports?
Ollus, Simon-Erik; Simola, Heli (04.01.2007)
Numero
1/2007Julkaisija
Suomen PankkiBank of Finland
2007
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-20140808107Tiivistelmä
Russian authorities give two official figures for imports of goods to Russia.Russian Customs registers values stated in customs declarations, while the Central Bank of Russia adds in its estimate of grey imports to obtain an overall import figure.Using mirror statistics of Russia s main trading partners, we suggest that grey imports are in fact higher than the CBR estimate.Hence, official statements of trade and current account surpluses should be reduced to better reflect Russia s actual external balance.This would also imply less capital outflow from Russia than suggested by current estimates. Keywords: Russia, foreign trade, imports, grey schemes, external balance
Julkaisuhuomautus
Ilmestynyt myös HSE Economic Journal, vol. 11, no. 2, 2007.