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Consumer Welfare Consequences of Armenia’s EAEU Accession

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  • Vardges Hovhannisyan
  • Vardan Urutyan

Abstract

This study provides an empirical assessment of the impacts of Armenia’s accession to the Eurasian Economic Union on consumer welfare. Specifically, it combines primary individual-level expenditure survey data with the recent advances in consumer theory to examine the welfare consequences of rising prices of a broad range of widely consumed dairy products. The choice of the dairy category reflects its importance in the structure of the modern Armenian diet, with its respective nutritional and financial implications. Our findings shed light on the disproportionate effects of the EAEU-induced dairy price surge in Armenia and may prove useful in designing information-based alleviation policies.

Suggested Citation

  • Vardges Hovhannisyan & Vardan Urutyan, 2023. "Consumer Welfare Consequences of Armenia’s EAEU Accession," Eastern European Economics, Taylor & Francis Journals, vol. 61(3), pages 270-289, May.
  • Handle: RePEc:mes:eaeuec:v:61:y:2023:i:3:p:270-289
    DOI: 10.1080/00128775.2023.2169167
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    Cited by:

    1. Kazi Tamim Rahman & Aleksan Shanoyan & Vardges Hovhannisyan, 2024. "Food commodity price changes and consumer welfare in Bangladesh: Valuable lessons for today," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(1), pages 169-188, February.

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