Theory and Practice of Regional Integration Based on the Eurasec Model (Russian Point of View)

Galiakberov, Adel; Abdullin, Adel Ilsiyarovich

doi:10.1016/j.euras.2014.05.004

Cited by 13 publications

(3 citation statements)

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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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“…It may even seem that the formation of regional economic groups leads to the fragmentation of the world economy into parts and to further growth of its autonomy. In fact, globalization and regionalization can coexist harmoniously [4]. The formation of integred regional economic groupings, in the authors' view, is not an obstacle to globalization, but rather a catalyst, as a kind of "bricks" for building an absolutely new global economic system.…”

Section: Introductionmentioning

confidence: 99%

Estimation of economic efficiency of integration processes by example of Eurasian economic union

Ergunova¹,

Blaginin²

2017

Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017

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“…The Russian version of regional integration of post-Soviet countries nominally is based on the economy (for example, Galiakberov & Abdullin, 2014).…”

Section: Introductionmentioning

confidence: 99%

A Eurasian or a European Future for Post-Soviet Georgia’s Economic Development: Which is Better?

Papava

2017

ABR

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The paper analyze the economic models of the well-known Eurasianist doctrine of Russian imperial thinking and the Eurasian Economic Union (EAEU). In the modern era of globalization, an alliance of countriesuras on the basis of the Eurasianist economic model is impossible to establish. The newly established EAEU rests on a redistribution mechanism for oil and gas revenues, whereby Russia deliberately relinquishes a part of its due gains in favor of other member-states in order to not only induce economic interest to remain within the Union, but also to maintain and enhance its political influence via this economic output. Western economic sanctions imposed against Russia as a countermeasure to the invasion and annexation of Crimea and the military and political support provided to the breakaway regions of Eastern Ukraine, as well as the retaliatory anti-sanctions levied by Russia against the West, have demonstrated the fragility and instability of the EAEU. A comparison of the EU with the EAEU does not favor the later. Although attaining membership of the EAEU is much easier than that of the EU, the negative aspects described above ensure that this option holds no appeal for post-Soviet Georgia.

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Theory and Practice of Regional Integration Based on the Eurasec Model (Russian Point of View)

Cited by 13 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

Estimation of economic efficiency of integration processes by example of Eurasian economic union

A Eurasian or a European Future for Post-Soviet Georgia’s Economic Development: Which is Better?

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