Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization:
This paper develops a seven-region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization on these seven regions (the federal okrugs) of Russia. In order to assess poverty and distributional impacts, the model includes ten...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
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| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | This paper develops a seven-region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization on these seven regions (the federal okrugs) of Russia. In order to assess poverty and distributional impacts, the model includes ten households in each of the seven federal okrugs, where household data are taken from the Household Budget Survey of Rosstat. The model allows for foreign direct investment in business services and endogenous productivity effects from additional varieties of business services and goods, which the analysis shows are crucial to the results. National welfare gains are about 4.5 percent of gross domestic product in the model, but in a constant returns to scale model they are only 0.1 percent. All deciles of the population in all seven federal okrugs can be expected to significantly gain from Russian World Trade Organization accession, but due to the capacity of their regions to attract foreign direct investment, households in the Northwest region gain the most, followed by households in the Far East and Volga regions. Households in Siberia and the Urals gain the least. Distribution impacts within regions are rather flat for the first nine deciles; but the richest decile of the population in the three regions that attract a lot of foreign investment gains significantly more than the other nine representative households in those regions |
| Beschreibung: | 1 Online-Ressource (73 Seiten)) |
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| 520 | 3 | |a This paper develops a seven-region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization on these seven regions (the federal okrugs) of Russia. In order to assess poverty and distributional impacts, the model includes ten households in each of the seven federal okrugs, where household data are taken from the Household Budget Survey of Rosstat. The model allows for foreign direct investment in business services and endogenous productivity effects from additional varieties of business services and goods, which the analysis shows are crucial to the results. National welfare gains are about 4.5 percent of gross domestic product in the model, but in a constant returns to scale model they are only 0.1 percent. All deciles of the population in all seven federal okrugs can be expected to significantly gain from Russian World Trade Organization accession, but due to the capacity of their regions to attract foreign direct investment, households in the Northwest region gain the most, followed by households in the Far East and Volga regions. Households in Siberia and the Urals gain the least. Distribution impacts within regions are rather flat for the first nine deciles; but the richest decile of the population in the three regions that attract a lot of foreign investment gains significantly more than the other nine representative households in those regions | |
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| spelling | Rutherford, Thomas Verfasser aut Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization Rutherford, Thomas Washington, D.C The World Bank 2008 1 Online-Ressource (73 Seiten)) txt rdacontent c rdamedia cr rdacarrier This paper develops a seven-region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization on these seven regions (the federal okrugs) of Russia. In order to assess poverty and distributional impacts, the model includes ten households in each of the seven federal okrugs, where household data are taken from the Household Budget Survey of Rosstat. The model allows for foreign direct investment in business services and endogenous productivity effects from additional varieties of business services and goods, which the analysis shows are crucial to the results. National welfare gains are about 4.5 percent of gross domestic product in the model, but in a constant returns to scale model they are only 0.1 percent. All deciles of the population in all seven federal okrugs can be expected to significantly gain from Russian World Trade Organization accession, but due to the capacity of their regions to attract foreign direct investment, households in the Northwest region gain the most, followed by households in the Far East and Volga regions. Households in Siberia and the Urals gain the least. Distribution impacts within regions are rather flat for the first nine deciles; but the richest decile of the population in the three regions that attract a lot of foreign investment gains significantly more than the other nine representative households in those regions Online-Ausg Constant returns to scale Debt Markets E-Business Economic Theory and Research Emerging Markets Equilibrium Exports Finance and Financial Sector Development Gross domestic product Imperfect competition Income Investment and Investment Climate Macroeconomics and Economic Growth Open economy Private Sector Development Productivity WTO World Trade Organization Tarr, David Sonstige oth Rutherford, Thomas Sonstige oth Rutherford, Thomas Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4570 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Rutherford, Thomas Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization Constant returns to scale Debt Markets E-Business Economic Theory and Research Emerging Markets Equilibrium Exports Finance and Financial Sector Development Gross domestic product Imperfect competition Income Investment and Investment Climate Macroeconomics and Economic Growth Open economy Private Sector Development Productivity WTO World Trade Organization |
| title | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization |
| title_auth | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization |
| title_exact_search | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization |
| title_exact_search_txtP | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization |
| title_full | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization Rutherford, Thomas |
| title_fullStr | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization Rutherford, Thomas |
| title_full_unstemmed | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization Rutherford, Thomas |
| title_short | Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization |
| title_sort | regional household and poverty effects of russia s accession to the world trade organization |
| topic | Constant returns to scale Debt Markets E-Business Economic Theory and Research Emerging Markets Equilibrium Exports Finance and Financial Sector Development Gross domestic product Imperfect competition Income Investment and Investment Climate Macroeconomics and Economic Growth Open economy Private Sector Development Productivity WTO World Trade Organization |
| topic_facet | Constant returns to scale Debt Markets E-Business Economic Theory and Research Emerging Markets Equilibrium Exports Finance and Financial Sector Development Gross domestic product Imperfect competition Income Investment and Investment Climate Macroeconomics and Economic Growth Open economy Private Sector Development Productivity WTO World Trade Organization |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4570 |
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