Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


гравитационная модель

Gravity Models of Foreign Trade of Brics Countries

Introduction. The article shows that the main idea of foreign trade gravity models is foreign trade turnover, which is directly proportional to economic potential of countries trade (GDP) and inversely to distance between them. Gravity models of BRICS countries (Brazil, Russia, India, China and South Africa) used for modelling of trade and economic integration.