Mongolia's pattern of Trade with Northeast Asian countries: The Gravity Model Approach

Abstract

The research study investigates Mongolias trade scenario with its trading partners and seeks to find out the opportunities to boost Mongolian export towards foreign markets, namely the countries in the Northeast Asia region. The first two chapters of the thesis contain information on countrys economic background and research objectives, and following two chapters describe an overview on Mongolias trade scenarios. Last two chapters conduct the empirical analysis on Mongolias trade performances with its major trading partners to explain the opportunities for Mongolias trade scenario. For this purpose, the Gravity model is used to empirically explain that if Mongolias trade is determined or affected by gravity model factors. Trade dynamic data of 12 selected countries for period of 13 years (2001-2013) have been used for the calculation by E Views 7 program.

Last chapter concludes the outcome of the research analysis and makes recommendations for policy implications based on the research findings.