EU-EAEU Potential Economic Integration: Methodological Approaches to the Assessment of Economic Impact. 1st Workshop Report.

Vinokurov E, Balás P, Emerson M, Havlik P, Pereboev V, Rovenskaya E, Stepanova A, Kofner J, et al. (2016). EU-EAEU Potential Economic Integration: Methodological Approaches to the Assessment of Economic Impact. 1st Workshop Report. In: Challenges and Opportunities of Economic Integration within a Wider European and Eurasian Space, IIASA, Laxenburg.

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Project: Challenges and Opportunities of Economic Integration within a Wider European and Eurasian Space

Abstract

During the last two decades, interest in regional integration has substantially increased. The number of renewed regional trade agreements has swelled. As a result, regionalism has become a dominating factor in the development of world trade. It affects countries' economic and political relations. They are faced with the choice of whether or not they should enter various trade blocs, and which form of integration they should select at each specific stage. The answer to these questions requires political and policy decisions. It also requires quantitative and qualitative assessments of the economic impacts of accession to regional trade agreements. It also requires a clear understanding of the possible positive and negative impact on the macro- and micro-levels, including the impact on the economy as a whole, on specific sectors and industries, large individual companies, the state budgetary and monetary policy, and various population strata. This type of complex, multi-faceted analysis, commonly known as ex-ante, also shows whether the current policy requires modification in order to maximize profits and reduce losses, taking into account the interests of both sides. For countries that have already acceded to regional trade agreements, an ex-post evaluation is also necessary to assess the memberships' efficiency, and how expectations fare against reality.

Two years after the Customs Union (CU) of Belarus, Kazakhstan and Russia was created in 2010, the Eurasian Economic Commission (its primary supranational body) becomes an official party in negotiations pertaining to trade relations. In 2012 the CU was supplemented with a comprehensive series of agreements establishing the Single Economic Space (SES) and aiming at a full-fledged common market. These member states have created the Eurasian Economic Union (EAEU) in 2015 and two new member states – Armenia and Kyrgyzstan - have joined in 2015.

Item Type: Conference or Workshop Item (Paper)
Research Programs: Advanced Systems Analysis (ASA)
Directorate (DIR)
Depositing User: Michaela Rossini
Date Deposited: 17 Nov 2016 17:07
Last Modified: 06 Feb 2017 10:48
URI: http://pure.iiasa.ac.at/13969

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