Estimation of the Russia’s trade policy options with the help of the Computable General Equilibrium Model
AbstractThe computable general equilibrium model was used in assessing different Russia’s trade policy options. The base experiment lying in the core of our investigation is simulation of the EU eastward enlargement. According to our calculations Russia does not loose in the resulting equilibrium. This is not a zero-sum process from a point of view of Russia’s social welfare. The other experiments are: simulation of Russia’s WTO accession and creation of the Common European Economic Space. Change in the tariffs associated with the possible WTO accession is so small relative to the existing level of tariffs, that it does not give a significant change in the Russian economic environment. Significant changes are associated with the creation of the CEES as a free trade area between Russia and the enlarged Europe. If an FTA agreement will cover all goods and services, this will give a negative effect on the Russian economy.
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Bibliographic InfoPaper provided by Center for Economic and Financial Research (CEFIR) in its series Working Papers with number w0042.
Length: 62 pages
Date of creation: Dec 2003
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CGE models; enlargement of the European Union; Russia’s WTO accession; Free Trade Area;
This paper has been announced in the following NEP Reports:
- NEP-TRA-2004-11-07 (Transition Economics)
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