The Impact on Russia of WTO Accession and The Doha Agenda : The Importance of Liberalization of Barriers against Foreign Direct Investment in Services for Growth and Poverty Reduction

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dc.creatorRutherford, Thomas
dc.creatorTarr, David
dc.creatorShepotylo, Oleksandr
dc.date2012-06-18T15:19:47Z
dc.date2012-06-18T15:19:47Z
dc.date2005-10
dc.date.accessioned2026-07-01T01:29:06Z
dc.descriptionTaking price changes from the Global Trade Analysis Project (GTAP) model of world trade, the authors use a small open economy computable general equilibrium comparative static model of the Russian economy to assess the impact of global free trade and a successful completion of the Doha Agenda on the Russian economy, and especially on the poor. They compare those results with the impact of Russian accession to the World Trade Organization (WTO) on income distribution and the poor. The model incorporates all 55,000 households from the Russian Household Budget Survey as "real" households. Crucially, given the importance of foreign direct investment (FDI) liberalization as part of Russian WTO accession, the authors also include FDI and Dixit-Stiglitz endogenous productivity effects from liberalization of import barriers against goods and FDI in services. The authors estimate that Russian WTO accession in the medium run will result in gains averaged over all Russian households equal to 7.3 percent of Russian consumption (with a standard deviation of 2.2 percent of consumption), with virtually all households gaining. They find that global free trade would result in a weighted average gain to households in Russia of 0.2 percent of consumption, with a standard deviation of 0.2 percent of consumption, while a successful completion of the Doha Development Agenda would result in a weighted average gain to households of -0.3 percent of consumption (with a standard deviation of 0.2 percent of consumption). Russia, as a net food importer, loses from subsidy elimination, and the gains to Russia from tariff cuts in other countries are too small to offset these losses. The results strongly support the view that Russia's own liberalization is more important than improvements in market access as a result of reforms in tariffs or subsidies in the rest of the world. Foremost among the own reforms is liberalization of barriers against FDI in business services.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/10/6304708/impact-russia-wto-accession-doha-agenda-importance-liberalization-barriers-against-foreign-direct-investment-services-growth-poverty-reduction
dc.identifierhttps://hdl.handle.net/10986/8256
dc.identifierhttps://doi.org/10.1596/1813-9450-3725
dc.identifier.urihttp://hdl.handle.net/123456789/418501
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 3725
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESSION AGREEMENT
dc.subjectACCESSION COMMITMENTS
dc.subjectACCESSION NEGOTIATIONS
dc.subjectACCESSION TO THE WORLD TRADE ORGANIZATION
dc.subjectAGGREGATE CONSUMPTION
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURAL SUPPORT
dc.subjectAGRICULTURE
dc.subjectANTIDUMPING
dc.subjectANTIDUMPING ACTIONS
dc.subjectAVERAGE COSTS
dc.subjectBASE YEAR
dc.subjectBENCHMARK
dc.subjectBILATERAL AGREEMENT
dc.subjectBILATERAL AGREEMENTS
dc.subjectBUSINESS SERVICES
dc.subjectCAPITAL INCREASE
dc.subjectCAPITAL STOCK
dc.subjectCOMMODITIES
dc.subjectCONSTANT MARGINAL COSTS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMERS
dc.subjectCONSUMPTION EXPENDITURES
dc.subjectCONSUMPTION GOODS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOUNTRY OF ORIGIN
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEMAND CURVE
dc.subjectDEVELOPMENT AGENDA
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIVIDENDS
dc.subjectDOHA DEVELOPMENT AGENDA
dc.subjectDOMESTIC FIRMS
dc.subjectDOMESTIC SUPPORT
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPLICATIONS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS LITERATURE
dc.subjectELASTICITY
dc.subjectELIMINATION OF TARIFFS
dc.subjectEQUILIBRIUM
dc.subjectEXPENDITURES
dc.subjectEXPORT MARKETS
dc.subjectEXPORT PRICE
dc.subjectEXPORT SUBSIDIES
dc.subjectEXPORT SUBSIDY
dc.subjectEXPORT TAX
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFACTOR ENDOWMENTS
dc.subjectFACTOR SHARES
dc.subjectFOOD INDUSTRY
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN GOODS
dc.subjectFOREIGN INVESTORS
dc.subjectFREE TRADE
dc.subjectFREE TRADE IN GOODS
dc.subjectGDP
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGENERAL EQUILIBRIUM MODELING
dc.subjectGLOBAL FREE TRADE
dc.subjectGLOBAL TRADE
dc.subjectGLOBAL TRADE ANALYSIS
dc.subjectGROWTH RATE
dc.subjectIMPACT OF TRADE
dc.subjectIMPACT OF TRADE LIBERALIZATION
dc.subjectIMPORT BARRIERS
dc.subjectIMPORT PRICES
dc.subjectIMPROVED MARKET ACCESS
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCREASED COMPETITION
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDIVIDUAL HOUSEHOLDS
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT CLIMATE
dc.subjectJOINT VENTURES
dc.subjectLIBERALIZATION OF TRADE
dc.subjectMANUFACTURING SECTORS
dc.subjectMARGINAL COST
dc.subjectMARKET ACCESS
dc.subjectMONOPOLISTIC COMPETITION
dc.subjectMONOPOLY RENTS
dc.subjectMULTINATIONAL FIRMS
dc.subjectOPENNESS
dc.subjectOPTIMIZATION
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY CHANGES
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOOR COUNTRIES
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INDEX
dc.subjectPRIMARY FACTORS
dc.subjectPRIMARY FACTORS OF PRODUCTION
dc.subjectPROCESS OF ADJUSTMENT
dc.subjectPRODUCT DIFFERENTIATION
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFITABILITY
dc.subjectREDUCTION OF BARRIERS
dc.subjectREGULATORY BARRIERS
dc.subjectRETURN ON CAPITAL
dc.subjectRURAL HOUSEHOLDS
dc.subjectSAFETY NETS
dc.subjectSERVICE SECTOR
dc.subjectSERVICE SECTORS
dc.subjectSERVICES LIBERALIZATION
dc.subjectSERVICES SECTOR
dc.subjectSERVICES SECTORS
dc.subjectTARIFF BARRIERS
dc.subjectTARIFF CUTS
dc.subjectTARIFF RATES
dc.subjectTARIFF REDUCTION
dc.subjectTARIFF REDUCTIONS
dc.subjectTAX RATES
dc.subjectTELECOMMUNICATIONS
dc.subjectTERMS OF TRADE
dc.subjectTERMS OF TRADE EFFECTS
dc.subjectTERMS OF TRADE LOSS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE IN SERVICES
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICY
dc.subjectTRADE REFORMS
dc.subjectTRANSITION PERIOD
dc.subjectTRANSPORTATION SERVICES
dc.subjectUNEMPLOYMENT
dc.subjectUNSKILLED LABOR
dc.subjectURBAN HOUSEHOLDS
dc.subjectURBAN WORKERS
dc.subjectURUGUAY ROUND
dc.subjectUTILITY FUNCTION
dc.subjectUTILITY FUNCTIONS
dc.subjectWAGE RATE
dc.subjectWAGES
dc.subjectWELFARE GAINS
dc.subjectWELFARE IMPACTS
dc.subjectWORLD MARKETS
dc.subjectWORLD PRICES
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.subjectWTO ACCESSION
dc.subjectWTO MEMBERS
dc.subjectWTO MEMBERSHIP
dc.titleThe Impact on Russia of WTO Accession and The Doha Agenda : The Importance of Liberalization of Barriers against Foreign Direct Investment in Services for Growth and Poverty Reduction

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