| ID | 118749 |
| Title Proper | Free Trade Agreement among former Soviet republics |
| Other Title Information | a computable general equilibrium model |
| Language | ENG |
| Author | Barry, Michael P |
| Publication | 2012. |
| Summary / Abstract (Note) | What would happen to the economies of the former Soviet Union if they finally implemented a full-fledged free trade agreement? How would this change sector output, GDP, prices, international trade, and the economic welfare of the nation? How would it affect the economies of the FSU's other trading partners? This paper attempts to address these and other issues through the use of a computable general equilibrium model (CGE). The model is a large, multi-regional, multi-sectoral, multi-factor system of simultaneous equations. It introduces the "shock" of zero tariffs between all FSU's trading partners, and solves for a new economic equilibrium. There are some political and practical obstacles to the completion of such a trade agreement, so this mathematical model in some ways is just a hypothetical experiment. But an analysis of trade effects can nonetheless be useful to any policymaker in the former Soviet space. |
| `In' analytical Note | Central Asia and the Caucasus Vol. 13, No.3; 2012: p.119-132 |
| Journal Source | Central Asia and the Caucasus Vol. 13, No.3; 2012: p.119-132 |
| Key Words | Equilibrium Model ; Mathematical Model ; Soviet Union ; International Trade ; Computable General Equilibrium (CGE) ; Economic Welfare |