An Initial Estimation of the Economic Effects of the Creation of the EurAsEC Customs Union on Its Members
This note provides an initial estimation of some of the economic effects of creating the Eurasian Economic Community (EurAsEC) customs union. Relying on the computable general equilibrium model from the Global Trade Analysis Project (GTAP), results...
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Language: | English |
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World Bank, Washington, DC
2012
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Online Access: | http://documents.worldbank.org/curated/en/2011/01/13695776/initial-estimation-economic-effects-creation-eurasec-customs-union-members http://hdl.handle.net/10986/10114 |
Summary: | This note provides an initial estimation
of some of the economic effects of creating the Eurasian
Economic Community (EurAsEC) customs union. Relying on the
computable general equilibrium model from the Global Trade
Analysis Project (GTAP), results of the simulations
consistently support the conclusion that, as an arrangement,
the EurAsEC customs union (CU) will be a gross domestic
product (GDP)-reducing framework in which the negative
trade-diversion effects surpass positive trade-creation ones. |
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