Impact of New Institutional Environment of the World Trade Organization on the Operation of the Russian Business
Impact of New Institutional Environment of the World Trade Organization on the Operation of the Russian Business

Author: Alexey Ivanov

Publisher:

Published: 2014

Total Pages: 0

ISBN-13:

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Studies of the initial reviews on the results of Russia's accession to the WTO show that many domestic sources speak about the negative impact of new institutional framework on the functioning on the Russian business. However, the international statistics and statements of government officials deny this view and believe that the real impact of the WTO on Russian business will appear only in a few years. In addition to the need of evaluating the time lags, the author proposes when analyzing results of Russia's accession to the WTO to consider the influence of the transition from tariffs to non-tariff regulation measures, as well as the "viscosity" of adaptation of Russian informal institutional norms to the newly introduced formal regulations.

Regional Impacts of Russia's Accession to the World Trade Organization
Regional Impacts of Russia's Accession to the World Trade Organization

Author: Thomas Fox Rutherford

Publisher: World Bank Publications

Published:

Total Pages: 83

ISBN-13:

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In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate.

Do Russian Institutions Matter for Its Levels of Trade and the WTO Accession?
Do Russian Institutions Matter for Its Levels of Trade and the WTO Accession?

Author: Maria Golushko

Publisher:

Published: 2016-11-02

Total Pages: 28

ISBN-13: 9783668330962

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Seminar paper from the year 2009 in the subject Economics - Finance, grade: 80%, University of Geneva, language: English, abstract: In the past few years Russian economy has undergone a tremendous transformation from the planified to the market economy. This transition was accompanied by a substantional political and social change. It has succeeded in some areas more than in others, for instance Russian institutions have been neglected during this process and had to adapt their Soviet content to the new order. This has been a considerable disadvantage to the competitiveness of Russian business and investment climate. One of the ways Russian authorities are hoping to correct this is by joining World Trade Organisation (WTO) and adopting its current norms and regulations, thus making governmental institutions more transparent and bringing them up to date with the rest of the economy. The negotiations for Russian accession have been going on for the past 17 years, and now that they are finally reaching a successful conclusion many new articles on the topic are. I have chosen the article by Oxana Babetskaia-Kukharchuk and Mathilde Maurel on Russia's accession and the potential effects that accession would entail. In particular this paper attempts to investigate the impact of Russian institutions on trade and seeks to predict the potential for trade augmentation between Commonwealth of Independent States (CIS) and EU in authors words: "Our objective in this paper is to estimate the potential benefit from Russia's participation in the WTO, by computing the impact of institutions on the intensity of bilateral trade flows." In order to reach their objective the authors use the gravity framework 2 to foresee the effect of being a member of CIS on bilateral trade levels. They develop the gravity equation by adding several institutional variables, for example the level of protection of the property rights, the share of black economy and the level of corruption in the custo

Regional Impacts of Russia's Accession to the World Trade Organization
Regional Impacts of Russia's Accession to the World Trade Organization

Author: Thomas Fox Rutherford

Publisher: World Bank Publications

Published: 2006

Total Pages: 88

ISBN-13:

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In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate.

Regional Impacts of Russia's Accession to the World Trade Organization
Regional Impacts of Russia's Accession to the World Trade Organization

Author: Thomas F. Rutherford

Publisher:

Published: 2016

Total Pages: 83

ISBN-13:

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In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate.

Doing Business 2020
Doing Business 2020

Author: World Bank

Publisher: World Bank Publications

Published: 2019-11-21

Total Pages: 241

ISBN-13: 1464814414

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Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Russian Business Power
Russian Business Power

Author: Andreas Wenger

Publisher: Routledge

Published: 2006-10-03

Total Pages: 287

ISBN-13: 1134188900

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Since the collapse of the Soviet Union, Russia has developed a powerful business community and a potent network of transnational organized groups. Russian Business Power explores the powerful impact these new actors are having on the evolution of the Russian state and its foreign behaviour. Unlike other books, which focus either on Russia's foreign and security policy, or on the evolution of Russian business, legal and illegal, within the context of Russia's domestic transition, this book considers how far Russia's foreign and security policy is shaped by business. It considers a wide range of issues, including energy, the arms trade, international drug flows, and human trafficking, and examines the impact of Russian business in Russia's dealings with Western and Eastern Europe, the Caspian, the Caucasus and the Far East.

Regional Household and Poverty Effects of Russia's Accession to the World Trade Organization
Regional Household and Poverty Effects of Russia's Accession to the World Trade Organization

Author: Thomas Rutherford

Publisher: World Bank Publications

Published: 2008

Total Pages: 73

ISBN-13:

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This paper develops a seven-region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization on these seven regions (the federal okrugs) of Russia. In order to assess poverty and distributional impacts, the model includes ten households in each of the seven federal okrugs, where household data are taken from the Household Budget Survey of Rosstat. The model allows for foreign direct investment in business services and endogenous productivity effects from additional varieties of business services and goods, which the analysis shows are crucial to the results. National welfare gains are about 4.5 percent of gross domestic product in the model, but in a constant returns to scale model they are only 0.1 percent. All deciles of the population in all seven federal okrugs can be expected to significantly gain from Russian World Trade Organization accession, but due to the capacity of their regions to attract foreign direct investment, households in the Northwest region gain the most, followed by households in the Far East and Volga regions. Households in Siberia and the Urals gain the least. Distribution impacts within regions are rather flat for the first nine deciles; but the richest decile of the population in the three regions that attract a lot of foreign investment gains significantly more than the other nine representative households in those regions.