Creating a Eurasian Union Economic Integration of the Former Soviet

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 t

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Copyright material from www.palgraveconnect.com - licensed to University of Liverpool - PalgraveConnect - 2015-11-28

Creating a Eurasian Union

10.1057/9781137396648 - Creating a Eurasian Union, Yulia Vymyatnina and Daria Antonova

10.1057/9781137396648 - Creating a Eurasian Union, Yulia Vymyatnina and Daria Antonova

Copyright material from www.palgraveconnect.com - licensed to University of Liverpool - PalgraveConnect - 2015-11-28

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Economic Integration of the Former Soviet Republics

Yulia Vymyatnina Daria Antonova

10.1057/9781137396648 - Creating a Eurasian Union, Yulia Vymyatnina and Daria Antonova

Copyright material from www.palgraveconnect.com - licensed to University of Liverpool - PalgraveConnect - 2015-11-28

Creating a Eurasian Union

CREATING A EURASIAN UNION

Copyright © Yulia Vymyatnina and Daria Antonova, 2014. All rights reserved.

Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–39853–6 Library of Congress Cataloging-in-Publication Data Vymyatnina, Yulia, 1976– Creating a Eurasian union : economic integration of the former Soviet republics / Yulia Vymyatnina, Daria Antonova. pages cm Includes bibliographical references and index. ISBN 978–1–137–39853–6 (hardback : alk. paper) 1. Former Soviet republics—Economic integration. 2. Former Soviet republics—Foreign economic relations. 3. Eurasia—Economic integration. I. Antonova, Daria, 1988– II. Title. HC336.27.V96 2013 337.1⬘47—dc23

2013047562

A catalogue record of the book is available from the British Library. Design by Newgen Knowledge Works (P) Ltd., Chennai, India. First edition: July 2014 10 9 8 7 6 5 4 3 2 1

10.1057/9781137396648 - Creating a Eurasian Union, Yulia Vymyatnina and Daria Antonova

Copyright material from www.palgraveconnect.com - licensed to University of Liverpool - PalgraveConnect - 2015-11-28

First published in 2014 by PALGRAVE MACMILLAN® in the United States—a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010.

List of Figures

vii

List of Tables

xiii

Acknowledgments

xvii

List of Abbreviations

xix

Introduction

1

1

Post-Soviet Integration: Fictive and Derivative

9

Ex-USSR Integration—A Political Viewpoint

9

The Early Stage of Integration (1991–1993) The Stage of Deepening Transition (1993–Beginning of 2000s) The Posttransition Stage (2000s)

11

Ex-USSR Integration—An Economic Viewpoint Economic Effects of Potential Integration of Russia and Belarus Analysis of the Customs Union

Consequences of Trade Integration: The Case of the Customs Union Business Cycles Synchronization and Increased T