Economic Integration and Development in Transmitting Economies:Evidences from Eurasian Economic Union

目录

第一个书签之前

DECLARATION

Copyright Statement

Abstract

摘 要

TABLE OF CONTENTS

LIST OF FIGURES

LIST OF TABLES

LIST OF ACRONYMS AND ABBREVIATIONS

CHAPTER 1 INTRODUCTION

1.1.1 Background of the study: Economic Integration

1.1.2 Types of Regional Economic Integration Agreements

Figure 1-2 A comparative analysis of Economic Unions

1.2 Historical Background

Figure 1-1-1 historical Evolution of Eurasian Economic Union

Table 1-3-1 Main indicators for EEU member countries

Table 1.3-2 Applied MFN Average Tariffs for EEU members

1.3 Significance of Study

1.3.1 Trade effects of the EEU

1.3.2 EEU and Optimum Currency Area

1.3.3 Business cycles synchronization in the EEU

1.4.1 Research objectives

1.4.2 Research Methodology

1.4.3 Research Framework Arrangement

1.4.4 Innovations

CHAPTER 2 LITERATURE REVIEW

CHAPTER 3 THOERETICAL DISCUSSIONS

3.1 Introduction to Neo classical approach

3.1.1 The Vinerian Approach

3.1.1 Alternative, Johnsonian approach

3.1.2 Economies of Scales

3.1.3 Size and Homogeneity

3.2 Protectionism, liberalism and block endogeneity

3.3 The Optimum Currency Area theory (OCA)

3.4.1 Political factors

3.4.2 EEU and World Economy

3.4.3 EEU, EU and The Belt Road

CHAPTER 4: TRADE EFFECTS OF THE EEU

4.1 Introduction

4.1 Literature Review

4.2 Trade Creation and Trade Diversion

4.3 EEU and trade primaries

Figure 4-4-1 : Average tariff rates

Figure 4-4-2 Extra-block export

Figure 4-4-3 Intra-block export

Figure 4-4-4 Extra-block import

Figure 4-4-5 intra-block import

Figure 4-4-6 Share of intra-block export to total export

Figure 4-4-7 Share of intra-block import to total import

4.4 Data and methodology

Table 4-1-1 Distractive statistic

Table 4-1-2 Fisher-Type Unit Root Test Results

Table 4-1-3 Housman test results

4.5 Empirical Results and discussions

Table 4-2-1 Estimated results (OLS)

Table 4-1-2 IV-2SLS estimates*

Table 4-2-2 Instrumental variables overidentification and weak identification test

4.7 Summary and Conclusions

CHAPTER 5: BUSSINES CYCLES CO-MOVEMEMENT IN THE EEU

5.1 Introduction

Figure 5-1 Agriculture

Figure 5-2 Manufacturing

Figure 5-3 Import to GDP

Figure 5-4 : Current account balance

5.2 Literature review

5.3 Theoretical Assumptions

5.4 Data and methodology

Table 5-1 Socio economic statistic

Table 5-2 Variables Description

Table 5-3 Descriptive statistic

5.6 Results and discussions

Table 5-2-1 Correlation results: Cyclical components of GDP

Table 5-1-2 Correlation inflation

Table 5-2-3 correlation exchange rate

CHAPTER 6: VALNURABILTY TO EXTERNAL SHOCKS

6.1 Introduction

6.2 Theoretical Framework and Literature Review

6.3 Data and Methodology

Table 6-1: Descriptive Statistics

Table 6-2 Dickey-Fuller Unit root test

Table 6-3 Johannsen Co-Integration test

6.4 Econometric Results

Table 6-2-2 World demand (GDP growth) shocks in Russia and Armenia

Table 6-2-3 VIX shock in Armenia and Russia

Table 6-2-4 Correlation of external shock responses

6.5 Conclusions

CHAPTER 7 SUMMARY CONCLUSIONS AND RECOMMENDATIONS

7.1 Summary and conclusions

7.2 Final remarks

7.3 Limitation and Research Suggestion

REFERANCES

Appendix I

ACKNOWLEDGMENTS