An Initial Estimation of the Economic Effects of the Creation of the EurAsEC Customs Union on Its Members

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 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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Bibliographic Details
Main Author: de Souza, Lucio Vinhas
Language:English
Published: World Bank, Washington, DC 2011-01
Subjects:AGRICULTURAL PRODUCTS, APPAREL, BENCHMARK, BILATERAL TRADE, COMPARATIVE ADVANTAGES, CURRENT ACCOUNT, CUSTOMS, CUSTOMS REVENUES, CUSTOMS UNION, DISPUTE SETTLEMENT, DISPUTE SETTLEMENT MECHANISM, DOMESTIC CONSUMPTION, ECONOMIC POLICY, ECONOMIC SECTORS, EUROPEAN UNION, EXPORT DIVERSIFICATION, EXPORTS, EXTERNAL TARIFF, FACTORS OF PRODUCTION, FINANCIAL SERVICES, FOREIGN CURRENCY, FREE TRADE, FREE TRADE AGREEMENTS, FREE TRADE AREA, FREE TRADE AREAS, GDP, GENERAL EQUILIBRIUM, GENERAL EQUILIBRIUM MODEL, GLOBAL TRADE, GLOBAL TRADE ANALYSIS, HARMONIZATION, IMPORTS, INSURANCE, LIBERALIZATION, MACROECONOMIC STABILITY, MARKET CONDITIONS, METAL PRODUCTS, MONOPOLY, MULTILATERAL TRADE, NATIONAL ECONOMIES, OIL IMPORTS, OUTPUT, POSITIVE EFFECTS, PREFERENTIAL TRADE, REGIONAL TRADE, REGIONAL TRADE AGREEMENTS, TARIFF CHANGES, TARIFF LINES, TARIFF QUOTA, TARIFF SCHEDULE, TARIFF SCHEDULES, TAX, TAX TREATMENT, TAXATION, TERMS OF TRADE, TRADE BALANCE, TRADE DEFICIT, TRADE DEFICITS, TRADE FLOWS, TRADE INTEGRATION, TRADE MODEL, TRADE PARTNER, TRADE PARTNERS, TRADE RELATIONS, TRADE TAX, TRADE TERMS, TREASURY, WORLD ECONOMY, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:http://documents.worldbank.org/curated/en/2011/01/13695776/initial-estimation-economic-effects-creation-eurasec-customs-union-members
https://hdl.handle.net/10986/10114
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http://documents.worldbank.org/curated/en/2011/01/13695776/initial-estimation-economic-effects-creation-eurasec-customs-union-members
https://hdl.handle.net/10986/10114

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