Eurasian Economic Integration: Impact Evaluation and Review of Prospects

Anniversary Fund of the Oesterreichische Nationalbank
January 2017- June 2018


In the proposed research project we will examine the economic impact of Eurasian integration by focusing on trade creation and trade diversion effects at aggregate and industry levels vis-à-vis the members of the Eurasian Economic Union and non-bloc trading partners using the gravity model of trade and the synthetic counterfactual methods. In the light of the empirical results the project will also revisit the trade potential, challenges and possible routes of economic integration on the wider ‘pan-European-Eurasian economic space’ in the contexts of the EU and the EU Neighbourhood policy, the Eurasian Economic Union, and the New Silk Road initiatives.