Creating a Eurasian union : economic integration of the former Soviet republics / Yulia Vymyatnina, Daria Antonova.

Format:

Book

Author/Creator:

Vymyatnina, Yulia, 1976-

Contributor:

Antonova, Daria, 1988-

Language:

English

Subjects (All):

Former Soviet republics--Economic integration.

Former Soviet republics.

Former Soviet republics--Foreign economic relations.

Eurasia--Economic integration.

Eurasia.

Physical Description:

xx, 174 pages : illustrations ; 23 cm

Place of Publication:

New York, NY : Palgrave Macmillan, [2013]

Summary:

Creating a Eurasian Union offers a detailed analysis of the economies of the customs union of Russia, Belarus, and Kazakhstan and the proposed Eurasian Union. the authors employ econometric analysis of business cycles and cointegration analysis to prove the fragility of potential economic success of the union. By providing a brief description of the economic integration of the former Soviet republics, this pioneering work analyses the ongoing trial and error processes of market integration led by Russia. Vymyatnina and Antonova's distinctive argument is the first consistent analysis of the emerging Eurasian Union. They incorporate both a non-technical summary of the integration process and previous research and analytical comments, as well as a thorough empirical analysis of the real data on the economic development of the participating countries, to caution that the speed of integration might undermine the feasibility of the Eurasian Union. Book jacket.

Contents:

1 Post-Soviet Integration: Fictive and Derivative 9

Ex-USSR Integration-A Political Viewpoint 9

The Early Stage of Integration (1991-1993) 11

The Stage of Deepening Transition (1993-Beginning of 2000s) 12

The Posttransition Stage (2000s) 17

Ex-USSR Integration-An Economic Viewpoint 20

Economic Effects of Potential Integration of Russia and Belarus 21

Analysis of the Customs Union 23

Consequences of Trade Integration: the Case of the Customs Union 28

Business Cycles Synchronization and Increased Trade Integration-Literature Review 28

Trade Developments in the Customs Union 34

Economic Situation and Macroeconomic Policies in the CU countries 45

Official Rhetoric and General Attitude to the Customs Union and the Common Economic Area 53

2 Business Cycles Synchronization of Russia, Belarus, and Kazakhstan 63

Methodologh and Data 63

Business Cycles Synchronization: Results 70

Cointegration Analysis 70

Filters 73

Measures of Business Cycles Synchronization 87

Conclusions and Policy Recommendations 97.

Notes:

Includes bibliographical references and index.

ISBN:

9781137398536

1137398531

OCLC:

865452274