Details

Autor(en) / Beteiligte

• Adarov, Amat

Titel

Eurasian economic integration: impact evaluation using the gravity model and the synthetic control methods

Ist Teil von

• Review of world economics, 2023-05, Vol.159 (2), p.467-504

Ort / Verlag

Berlin/Heidelberg: Springer Berlin Heidelberg

Erscheinungsjahr

2023

Link zum Volltext

Quelle

PAIS Index

Beschreibungen/Notizen

• The study examines the impact of Eurasian integration at aggregate country and industry levels using the gravity model of trade and the synthetic control methods. We find that the establishment of the Eurasian Customs Union in 2010 and its further deepening resulted in notable trade creation effects with particularly sizable gains attributed to the commodities and chemicals sectors. The effects on other sectors, including textiles, machinery and transportation, while initially positive and significant, largely dissipated by the year 2015. The analysis also finds that the Eurasian integration, on average, has also facilitated trade with non-bloc trading partners. The results, however, are highly heterogeneous across the members of the bloc. The net impact on trade flows of Eurasian integration was overwhelmingly positive for Belarus, generally positive for Russia and mixed for Kazakhstan.