The Level of Trade Integration in the Eurasian Economic Union

Гурова, И П; Platonova, Irina N.; Maksakova, Maria A.

doi:10.1134/s107570071804007x

Cited by 11 publications

(9 citation statements)

References 2 publications

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“…After the financial crisis of 2015-2016, the fall in the oil prices and new sanctions imposed on Russia, the economies of the member countries experienced an economic downturn. The research on the Eurasian Union mainly focuses on the individual aspects of the integration -trade and customs, the effects of state ownership and business models on financial and capital stability of banks of the Union, the effect of sanctions on the economic leader of the Union -Russia, foreign economic activity or investment (Pak, 2019;Hartwell, 2013;Nurgaliyeva, 2016;Mostafa, 2013;Shibasaki et al, 2021;Saivetz, 2021;Galiakberov and Abdullin, 2014;Hale, 2010;Gurova et al, 2018;Zahorka and Sargsyan, 2014). At the same time, we have not found any works discussing the structural model of economic growth or its changes, especially involving comparative structural analysis of growth in the countries of the Eurasian Union.…”

Section: Discussionmentioning

confidence: 99%

Comparative structural analysis of economic growth in countries of the Eurasian Economic Union

Sukharev

Voronchikhina

2021

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Relevance. The development of the Eurasian Union means economic integration between its member countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia). For more efficient coordination of this process, it is necessary to analyze national models of economic growth and adjust the Union’s economic policy accordingly. Research objective. The study aims to identify the national models of economic growth by applying the structural analysis method and building regression models of GDP growth. Data and methods. The study relies on the structural analysis of GDP growth and regression analysis of the impact of macroeconomic policy instruments. Results. The study provides an overview of the research literature on the factors affecting economic growth (e.g. the financial structure, government expenditures. Based on the results of the structural analysis, a classification of the models of economic growth in terms of expenditures and sectors is proposed. This classification can be used to devise measures stimulating cooperation and integration within the Eurasian Union. Conclusions. The study has revealed the differences between the national models of economic growth by looking at each country’s reaction to the crises of 2009 and 2015. These differences correspond to the peculiarities of each country’s economic policy and need to be taken into account in the Union’s policy-making.

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Section: Discussionmentioning

confidence: 99%

Comparative structural analysis of economic growth in countries of the Eurasian Economic Union

Sukharev

Voronchikhina

2021

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“…The influence of the economic integration of the EAEU countries on the mutual trade of countries from the standpoint of assessing their competitive advantages is reflected in the study of the export structure, which is also an substantial component for the development of scientific and technical partnership and promotion of hi-tech goods both on the domestic market of the Union and beyond [16,17].…”

Section: Literature Reviewmentioning

confidence: 99%

Integration potential for technological cooperation of the EAEU countries

Sopilko¹,

Shatalova²,

Navrotskaia³

2019

Proceedings of the 2nd International Scientific Conference on New Industrialization: Global, National, Regional Dimension (SICN

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The study presented in this paper analyzes the scientific and technological cooperation of the member states of the Eurasian Economic Union (EAEU or EEC). There is given the capacity assessment for technological cooperation of EAEU member states. Our research reveals the specific role of technological cooperation in the EAEU as a facilitator of regional integration and new industrialization processes. The study also examines the factors that increase the potential for cooperation in the technological sectors of the economy, as well as the obstacles to its development.

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“…This has included some very visible successes, such as the facilitation of free movement of people across the vast Eurasian space via a single labor market (Vinokurov 2018). At the same time, however, trade patterns within the EaEU have been erratic at best (Gurova 2018), reflecting the dominance of Russia at the center of the Union and the fact that its own interests in trade and investment lay outside of its tiny Union neighbors (Vinokurov 2017).…”

Section: Introductionmentioning

confidence: 99%

The Eurasian Economic Union: integration without liberalisation?

Dragneva

Hartwell

2020

Post-Communist Economies

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The Eurasian Economic Union (EaEU) came into being in 2015 with the ostensible goal of increasing integration among its member states. An implicit assumption behind this goal was to further trade liberalization, at least within the bloc, as a means to promote additional trade. This paper assesses the development of the EaEU against this promise. Going beyond an analysis of the dynamics of mutual trade, the main focus of this paper is to understand the EaEU's institutional processes, examining if the commitments and framework put in place by the EaEU could actually contribute to trade liberalization. Focusing on the trade policies at the level of the EaEU and the political economy of protectionism, our assessment is not favorable. In particular, the charge that the EaEU remains a geopolitical rather than economic project rings true, as trade liberalization has been halting in individual member states and across the bloc as a whole. This reality is further illustrated in the external trade policies of the Union, most prominently in trade agreements concluded with Vietnam, Iran, Singapore and Serbia, and relations with other major trade partners. The paper argues that, in line with often overlooked theoretical predictions, the institutional framework of the EaEU is not robust enough to ensure that integration processes actually deliver on their stated objectives.

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The Level of Trade Integration in the Eurasian Economic Union

Cited by 11 publications

References 2 publications

Comparative structural analysis of economic growth in countries of the Eurasian Economic Union

Comparative structural analysis of economic growth in countries of the Eurasian Economic Union

Integration potential for technological cooperation of the EAEU countries

The Eurasian Economic Union: integration without liberalisation?

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