Economic Effects of Free Trade between the EU and Russia. CEPS ENEPRI Working Papers No. 36, 1 May 2005
(2005) Economic Effects of Free Trade between the EU and Russia. CEPS ENEPRI Working Papers No. 36, 1 May 2005.
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Abstract
This study simulates the economic effects of eastern enlargement of the EU and an EU-Russian free trade area. The main emphasis of the paper is on the effect this would have on the Russian economy. The simulations were carried out with a GTAP computable general equilibrium model, using the most recent GTAP database 6.0 beta, which takes the former Europe agreements between the EU-15 and the eight new Central and Eastern European member states into account. The results confirm the earlier findings that a free trade agreement with the EU is beneficial for Russia in terms of total output but not necessarily in terms of economic welfare when measured by equivalent variation. The main reason behind this is the deterioration that would occur in Russia’s terms of trade. Improved productivity in Russia would, however, make the free trade agreement with the EU advantageous.
| Item Type: | Working Paper |
|---|---|
| Remote Resource Image: |  |
| Public Domain: | No |
| Refereed: | No |
| Status: | Published |
| Authors, Individual: | Sulamaa, Pekka and Widgrén, Mika. |
| Title: | Economic Effects of Free Trade between the EU and Russia. CEPS ENEPRI Working Papers No. 36, 1 May 2005 |
| Language: | English |
| Institution: | Centre for European Policy Studies (Brussels) |
| Journals and Series: | Series > Centre for European Policy Studies (Brussels) > ENEPRI Working Papers |
| Pages: | 18 |
| Month: | May |
| Year: | 2005 |
| Subjects: | Countries > Russia EU policies and themes > External relations > international trade |
| Alternative Locations: | http://shop.ceps.be/BookDetail.php?item_id=1220 |
| ID Code: | 6741 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 31 March 2007 |
