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The System of Indicators of Eurasian Integration

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  • Vinokurov, Evgeny

Abstract

The System of Indicators of Eurasian Integration (SIEI)under the auspices of the Eurasian Development Bank consists of nine general and two consolidated indices that are aimed at assessing integration in the post-Soviet region, and cover various aspects of the regional integration process. The SIEI is built around several sets of indicators, including the integration of trade and labour markets, and co-operation in key functional areas (agriculture, education, and energy); convergence of the main characteristics of the post-Soviet economies; and qualitative performance parameters of the CIS integration groupings developed based on an expert poll. The data given in this first version of the SIEI show the dynamics of integration processes in the decade 1999-2008. The SIEI consists of three sets of indices which correspond to the three main aspects of regional co-operation: (a) analysis of regional integration as the integration of markets. In this case, the integration of countries is assessed from the point of view of mutual flows of commodities, services and production factors; (b) analysis of regional integration as the convergence of economic systems.In this case, the subject of evaluation is the convergence of the countries’ main quantitative development characteristics in four key areas: macroeconomics (growth dynamics), financial policy, fiscal policy, and monetary policy; and (c) analysis of institutional co-operation. In this case, the subject of evaluation is the countries’ performance in formal integration projects within the post-Soviet space, taking into account the broad range of goals of the respective structures.

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  • Vinokurov, Evgeny, 2010. "The System of Indicators of Eurasian Integration," MPRA Paper 22227, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22227
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    Cited by:

    1. Alexander Libman & Evgeny Vinokurov, 2011. "Is it really different? Patterns of regionalisation in post-Soviet Central Asia," Post-Communist Economies, Taylor & Francis Journals, vol. 23(4), pages 469-492, June.
    2. Vinokurov, Evgeny, 2010. "The System of Indicators of Eurasian Integration," MPRA Paper 22227, University Library of Munich, Germany.
    3. Bouët, Antoine & Cosnard, Lionel & Laborde, David, 2017. "Measuring Trade Integration in Africa," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 32(4), pages 937-977.
    4. Hartwell, Christopher A., 2013. "A Eurasian (or a Soviet) Union? Consequences of further economic integration in the Commonwealth of Independent States," Business Horizons, Elsevier, vol. 56(4), pages 411-420.
    5. 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.
    6. Pelipas, Igor & Tochitskaya, Irina & Vinokurov, Evgeny, 2014. "Quantifying Economic Integration of the European Union and the Eurasian Economic Union: Methodological Approaches," MPRA Paper 61858, University Library of Munich, Germany.
    7. Kurmanalieva, Elvira & Vinokurov, Evgeny, 2011. "Holding together or falling apart:Results of gravity equation of the CIS trade," MPRA Paper 32003, University Library of Munich, Germany.

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    More about this item

    Keywords

    regional integration; economic integration; post-Soviet space; former Soviet union;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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