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An Empirical Analysis of Soviet Economic Relations with Developing Countries
Authors:Thomas A Wolf
Institution:The Ohio State University
Abstract:Soviet trade with the developing countries is analyzed using formal statistical techniques. Soviet imports of primary products are found to grow more rapidly but to be no more stable than imports of these products by market economies. Evidence is found of Soviet price discrimination in trade in favor of LDC members of the CMEA and against LDCs with which it has bilateral clearing agreements (BCAs). BCAs are correlated with greater trade volumes, relatively diverse export structures and more stable LDC exports to the Soviet Union. No evidence exists that Soviet aid deliveries are linked systematically with later Soviet imports. Journal of Economic Literature, Classification Numbers: 124, 421, 443
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