An Initial Estimation of the Economic Effects of the Creation of the EurAsEC Customs Union on Its Members

Lúcio Vinhas de Souza ()
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Lúcio Vinhas de Souza: World Bank

World Bank - Economic Premise, 2011, issue 47, 1-7

Abstract: This note provides an initial estimation of some of the economic effects of creating the Eurasian Economic Community (EurAsEC) customs union. Relying on the computable general equilibrium model from the Global Trade Analysis Project (GTAP), results of the simulations consistently support the conclusion that, as an arrangement, the EurAsEC customs union (CU) would be a GDP-reducing framework in which the negative trade-diversion effects surpass positive trade-creation ones.

Keywords: trade; customs union; Russia; East Europe; EU; WTO; EurAsEC; Global Trade Analysis Project; GDP (search for similar items in EconPapers)
JEL-codes: F1 F10 F13 F15 F4 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (13)

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