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Regional Integration and Economic Convergence in the Post‐Soviet Space: Experience of the Decade of Growth

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  • ALEXANDER LIBMAN
  • EVGENY VINOKUROV

Abstract

This paper examines the dynamics of regional integration and economic convergence in the post-Soviet world during the period 1999-2008. This is the period, when FSU countries experienced rapid economic growth, following the “Big Bang” of the disintegration of the Former Soviet Union (FSU) and the deep economic recession of the 1990s. It starts by discussing a set of indicators reflecting various aspects of interaction of post-Soviet countries (trade, labor migration, integration in key functional markets and economic convergence in different areas) and examines the dynamics of these indicators for the whole region and sub-groups of countries, as well as potential causes and conclusions to be drawn. In addition, it looks at the clusters of regional integration and economic convergence using the hierarchical cluster analysis and attempts to identify the reasons for their formation. We find that during the period studied the trade integration experienced a negative trend, but at the same time we observe an unprecedented expansion of labor migration – thus suggesting that integration of factor flows can outperform integration of markets for goods and services. Finally, clustering processes of the post-Soviet states for the economic convergence and for the economic integration seems to be unaffected by each other.
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Suggested Citation

  • Alexander Libman & Evgeny Vinokurov, 2012. "Regional Integration and Economic Convergence in the Post‐Soviet Space: Experience of the Decade of Growth," Journal of Common Market Studies, Wiley Blackwell, vol. 50(1), pages 112-128, January.
  • Handle: RePEc:bla:jcmkts:v:50:y:2012:i:1:p:112-128
    DOI: j.1468-5965.2011.02209.x
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    File URL: http://hdl.handle.net/10.1111/j.1468-5965.2011.02209.x
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    References listed on IDEAS

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    1. Djankov, Simeon & Freund, Caroline, 2002. "Trade Flows in the Former Soviet Union, 1987 to 1996," Journal of Comparative Economics, Elsevier, vol. 30(1), pages 76-90, March.
    2. Libman, Alexander, 2009. "Russian federalism and post-Soviet integration: Divergence of development paths," MPRA Paper 12944, University Library of Munich, Germany.
    3. Jensen, Henrik, 1994. "Sustaining policy cooperation between economies of different size," Journal of International Economics, Elsevier, vol. 36(3-4), pages 289-307, May.
    4. Vinokurov, Evgeny, 2009. "The CIS Common Electric Power Market," MPRA Paper 20910, University Library of Munich, Germany.
    5. Alexander Libman, 2007. "Moldova: Structural Change, Trade Specialization and International Integration," wiiw Research Reports 344, The Vienna Institute for International Economic Studies, wiiw.
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    Citations

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    Cited by:

    1. Vinokurov, Evgeny & Libman, Alexander & Pereboyev, Vladimir, 2015. "The EDB System of Indicators of Eurasian Integration: Eurasian Integration’s Trends from 1999 to 2012," MPRA Paper 61909, University Library of Munich, Germany.
    2. Alexander M. Danzer & Barbara Dietz, 2014. "Labour Migration from Eastern Europe and the EU's Quest for Talents," Journal of Common Market Studies, Wiley Blackwell, vol. 52(2), pages 183-199, March.
    3. Vinokurov, Evgeny, 2014. "System of Indicators of Eurasian Integration II," MPRA Paper 61853, University Library of Munich, Germany.
    4. repec:eco:journ2:2017-02-10 is not listed on IDEAS
    5. Libman, Alexander & Vinokurov, Evgeny, 2012. "Holding-Together Regionalism: 20 Years of Post-Soviet Integration," MPRA Paper 61646, University Library of Munich, Germany.
    6. Vinokurov, Evgeny, 2012. "EDB Eurasian Integration Yearbook 2012," MPRA Paper 49179, University Library of Munich, Germany.
    7. BenesÌŒovaÌ , Irena & NovotnaÌ , Zuzana & Šánová, Petra & Laputková, A., 2016. "Economic Comparison of Agricultural Sector of Eurasian Countries – Is There Any Potential for Development Through Economic Cooperation?," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(2), June.
    8. Vinokurov, Evgeny & Libman, Alexander, 2012. "Eurasia and Eurasian Integration: Beyond the Post-Soviet Borders," MPRA Paper 49182, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects

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