The study represents an assessment of socioeconomic integration consequences within the framework of the Eurasian Economic Union (EEU) for the participating countries-Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The authors implemented a personally developed approach of integral efficiency evaluation based on the calculation of the coefficients of state social and economic development indicators of growth as a main method for such assessment. These indicators allow us to characterise the following segments: national welfare, inflation, investment activity, labour market and the level of poverty, and the condition of the main economic sectors. The authors determined that Russia is the only export-oriented member of the Eurasian Economic Union (EEU). The worst consequences of integration in the cross-border trade sphere are observed in Belarus. For the analysed countries (excluding Kyrgyzstan), the first year of the existence of the EEU can be characterised as a period of economic recession (2015). According to the comparison of integral rates for the periods of 2005-2014 and 2015-2017, it was defined that the integration had a positive economic effect in the short term. By now, all the five participating countries have achieved the same level of social and economic development as in the pre-crisis period (2012-2013). In terms of the EEU membership, the calculated economic growth expands from 3% in Kyrgyzstan (by the integral index) up to 30% in the Republic of Belarus. Russia has also significantly strengthened its position (the growth rate of the index in 2015-17 was 25%).
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.