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Russia’s Chemical and Petrochemical Industries at the Eve of WTO-Accession

Author

Listed:
  • Oliver Budzinski

    () (Department of Environmental and Business Economics, University of Southern Denmark)

  • Elmira Schaimijeva

    () (TOU WPO The Institute for Economics, Management and Law)

  • Gjusel Gumerova

    () (GOU WPO The Academy of National Economy under the Government of the Russian Federation, Moscow)

  • Jörg Jasper

    () (EnBW Berlin)

Abstract

Although Russia’s WTO-accession is foreseeable, there are still deficits in the literature on its concrete effects on the sectoral and regional levels. In this paper we analyse effects on Russia’s chemical and petrochemical sectors (CPS), which are, unlike for example its oil and mineral gas industry, rarely in the focus of public attention. On the basis of an extensive examination of these sectors’ current condition, we expect serious problems for them to emerge in the nearer future, the perhaps most serious and most puzzling problem being under-investment. Our analysis is based on data provided by GOSKOM-STAT/ROSSTAT, Russia’s official statistics institute. The authors like to thank Henning P. Jørgensen for valuable comments on an ear-lier version of the paper.

Suggested Citation

  • Oliver Budzinski & Elmira Schaimijeva & Gjusel Gumerova & Jörg Jasper, 2010. "Russia’s Chemical and Petrochemical Industries at the Eve of WTO-Accession," Working Papers 100/10, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
  • Handle: RePEc:sdk:wpaper:100
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    More about this item

    Keywords

    Russia; chemical and petrochemical industries; WTO;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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