Regional Impacts of Russia's Accession To The World Trade Organization:
In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Washington, D.C
The World Bank
2006
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| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 URL des Erstveröffentlichers |
| Zusammenfassung: | In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate |
| Beschreibung: | 1 Online-Ressource (83 Seiten)) |
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| 520 | 3 | |a In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate | |
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Datensatz im Suchindex
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| spelling | Rutherford, Thomas Verfasser aut Regional Impacts of Russia's Accession To The World Trade Organization Rutherford, Thomas Washington, D.C The World Bank 2006 1 Online-Ressource (83 Seiten)) txt rdacontent c rdamedia cr rdacarrier In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate Online-Ausg Competitiveness Consumption Currencies and Exchange Rates Debt Markets E-Business Economic Theory Economic Theory and Research Economy Emerging Markets Equilibrium Exchange Finance and Financial Sector Development Free Trade Goods Imperfect Competition Information and Communication Technologies International Economics & Trade International Trade Investment Investment and Investment Climate Macroeconomics and Economic Growth Markets Markets and Market Access Prices Private Sector Development Production Public Sector Development Tarr, David Sonstige oth Rutherford, Thomas Sonstige oth Rutherford, Thomas Regional Impacts of Russia's Accession To The World Trade Organization http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4015 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Rutherford, Thomas Regional Impacts of Russia's Accession To The World Trade Organization Competitiveness Consumption Currencies and Exchange Rates Debt Markets E-Business Economic Theory Economic Theory and Research Economy Emerging Markets Equilibrium Exchange Finance and Financial Sector Development Free Trade Goods Imperfect Competition Information and Communication Technologies International Economics & Trade International Trade Investment Investment and Investment Climate Macroeconomics and Economic Growth Markets Markets and Market Access Prices Private Sector Development Production Public Sector Development |
| title | Regional Impacts of Russia's Accession To The World Trade Organization |
| title_auth | Regional Impacts of Russia's Accession To The World Trade Organization |
| title_exact_search | Regional Impacts of Russia's Accession To The World Trade Organization |
| title_exact_search_txtP | Regional Impacts of Russia's Accession To The World Trade Organization |
| title_full | Regional Impacts of Russia's Accession To The World Trade Organization Rutherford, Thomas |
| title_fullStr | Regional Impacts of Russia's Accession To The World Trade Organization Rutherford, Thomas |
| title_full_unstemmed | Regional Impacts of Russia's Accession To The World Trade Organization Rutherford, Thomas |
| title_short | Regional Impacts of Russia's Accession To The World Trade Organization |
| title_sort | regional impacts of russia s accession to the world trade organization |
| topic | Competitiveness Consumption Currencies and Exchange Rates Debt Markets E-Business Economic Theory Economic Theory and Research Economy Emerging Markets Equilibrium Exchange Finance and Financial Sector Development Free Trade Goods Imperfect Competition Information and Communication Technologies International Economics & Trade International Trade Investment Investment and Investment Climate Macroeconomics and Economic Growth Markets Markets and Market Access Prices Private Sector Development Production Public Sector Development |
| topic_facet | Competitiveness Consumption Currencies and Exchange Rates Debt Markets E-Business Economic Theory Economic Theory and Research Economy Emerging Markets Equilibrium Exchange Finance and Financial Sector Development Free Trade Goods Imperfect Competition Information and Communication Technologies International Economics & Trade International Trade Investment Investment and Investment Climate Macroeconomics and Economic Growth Markets Markets and Market Access Prices Private Sector Development Production Public Sector Development |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4015 |
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