Accession to the WTO and EU Enlargement: What Potential for Trade Increase?
Oxana Koukhartchouk and
Mathilde Maurel ()
Authors registered in the RePEc Author Service: Oxana Babecká-Kucharčuková
No 3944, CEPR Discussion Papers from C.E.P.R. Discussion Papers
This Paper asks the question of the impact of institutions on trade and tries to estimate the potential for trade increase between CIS, Central Eastern European countries and the EU. The latter is computed using the gravity equation and the procedure introduced by Hausman and Taylor (1981). It is shown that CIS trade is still characterized by a very large trade destruction effect, which implies that trade with EU countries could increase in the long-run in proportion to this trade destruction effect. Furthermore, institutions matter, and the convergence of institutional variables towards the EU standards - under the current process of EU enlargement and application of Russia to join the WTO - can be expected to deepen the level of the European trade integration.
Keywords: accession to the WTO; EU enlargement; gravity equation; institutions; transition (search for similar items in EconPapers)
JEL-codes: C10 F10 P20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec
References: Add references at CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed
Downloads: (external link)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at email@example.com
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:3944
Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=3944
Access Statistics for this paper
More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().