Economic effects estimation for the Eurasian Economic Union

Application of regional linear regression

Bibliographic Data

ID12302011
AuthorsVugar Bayramov (Azerbaijan State University of Economics (UNEC), Azerbaijan, corresponding author), Dan Breban (Center for Economic and Social Development (CESD), Azerbaijan), Elmir Mukhtarov (Center for Economic and Social Development (CESD), Azerbaijan)
Year2018
Volume52
Issue3
Pages209-225
Publication date2018-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueCommunist and Post-Communist Studies (JOURNAL)
Journal identifiersISSN: 0967-067X • E-ISSN: 1873-6920
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.postcomstud.2019.07.001
OpenAlexW2962749683
LanguageEN
Citations received1
References cited9

This paper aims to provide a coherent analysis of the economic impact accession to the Eurasian Economic Union has had on the economies of current member states and what affect membership would have on the economy of Azerbaijan. By applying a Linear Regression Model we find that membership to this regional bloc has yielded minimal financial benefits for the existing members. However, for most states, accession has increased the trade deficit with Russia and that a membership would likely produce a similar negative outcome for Azerbaijan in addition to undermining national economic and energy policy making

Accession · Economic impact analysis · Economic union · Economics · Economy · Estimation · European union · International economics · International trade · Member states · Outcome (game theory · Regression analysis · Global Energy Security and Policy · Post-Soviet Geopolitical Dynamics · Russia and Soviet political economy

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