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Quantifying Economic Integration of the European Union and the Eurasian Economic Union: Methodological Approaches

Igor Pelipas, Irina Tochitskaya and Evgeny Vinokurov
Authors registered in the RePEc Author Service: Евгений Юрьевич Винокуров ()

MPRA Paper from University Library of Munich, Germany

Abstract: Despite current political headwinds, there is need for a timely expert assessment of the comprehensive economic integration between the European Union (EU) and the emerging Eurasian Economic Union (EEU). This report constitutes a preliminary methodological study. It starts off by offering a general understanding of the possible scope and limits of EU-EEU economic integration. It surveys the available literature on the various impacts that may arise if regional trade and investment agreements come into force. The report examines the use of computable general equilibrium models for assessment of the economic impact of integration agreements. It also analyses econometric methods used to study regional integration; and it discusses the applicability and constraints of other methods used to evaluate the effects of regional commercial agreements. The report presents a brief analysis of the methodology of assessing the impact of lifting non-tariff barriers.

Keywords: economic integration; regional integration; European Union; Eurasian Economic Union; non-tariff barriers; Europe; Eurasia; Russia (search for similar items in EconPapers)
JEL-codes: F13 F15 F5 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-cis and nep-int
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