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

Amat Adarov

Review of World Economics (Weltwirtschaftliches Archiv), 2023, vol. 159, issue 2, No 7, 467-504

Abstract: Abstract 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.

Keywords: Eurasian integration; Customs union; Transition economies; Integration effects; Gravity model of trade; Synthetic counterfactual (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10290-022-00473-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:weltar:v:159:y:2023:i:2:d:10.1007_s10290-022-00473-2

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10290/PS2

DOI: 10.1007/s10290-022-00473-2

Access Statistics for this article

Review of World Economics (Weltwirtschaftliches Archiv) is currently edited by Paul Bergin, Holger Görg, Cédric Tille and Gerald Willmann

More articles in Review of World Economics (Weltwirtschaftliches Archiv) from Springer, Institut für Weltwirtschaft (Kiel Institute for the World Economy) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().