Regional Economics: Theory and Practice
 

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Outlining the foreign trade relations of the region

Vol. 17, Iss. 4, APRIL 2019

Received: 1 October 2018

Received in revised form: 19 November 2018

Accepted: 6 March 2019

Available online: 15 April 2019

Subject Heading: REGIONAL STRATEGIC PLANNING

JEL Classification: F10, F17, F40, O17, O19

Pages: 653–669

https://doi.org/10.24891/re.17.4.653

Smirnov V.V. I.N. Ulianov Chuvash State University (Chuv SU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Mulendeeva A.V. I.N. Ulianov Chuvash State University (Chuv SU), Cheboksary, Chuvash Republic, Russian Federation
alena-mulendeeva@yandex.ru

https://orcid.org/0000-0002-9852-9804

Subject The article gives an insight into foreign trade activities of the Russian regions and international trade relations of the region.
Objectives The research devises a cross model of foreign trade relations of the region.
Methods We apply a systems approach and conduct a cluster analysis.
Results We provide the rationale for studying foreign trade relations of the Russian regions since it concerns a decrease in the purchasing power of people and investment loans, underestimated role of foreign trade. As a result of the cluster analysis of the Russian foreign trade data based on the customs statistics on imports and exports and their agglomeration per country, we identify strategic trade relationships of the regions, indicating popular commodities and further lines for the economic development.
Conclusions To synchronize foreign trade relationships of the Russian regions, imports and exports should be coordinated through performance-based management so as to match their possibilities and needs. Performance-based management is based on the IDF0 cross model of trade relationships, which is adjusted for the customs statistics on foreign trade of the Russian Federation.

Keywords: foreign trade, hierarchy, cluster analysis, cross-model, order

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