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

Author(s): 
Lucio Vinhas
de Souza
Publication Date: 
2011
Pages: 
7
Series Title: 
Economic Premise
Publication Place: 
Washington
Publisher: 
World Bank: Poverty Reduction and Economic Management Network (PREM)
Publication Language: 
EN
Copyright Holder: 
World Bank
Copyright Type: 
All rights reserved
Copyright Year: 
2011
Abstract: 

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) would be a GDP-reducing framework in which the negative trade-diversion effects surpass positive trade-creation ones.

Keywords: 
trade, customs union, Russia, East Europe, EU, WTO, EurAsEC, Global Trade Analysis Project, GDP
URL: 
World Bank: Poverty Reduction and Economic Management Network (PREM)