Services liberalisation in the regions of Russia under WTO accession: regional household and poverty effects
by Thomas F. Rutherford; David G. Tarr
International Journal of Services Technology and Management (IJSTM), Vol. 17, No. 2/3/4, 2012

Abstract: We develop a seven region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization (WTO) on households and poverty in its seven federal regions. Crucially, our model allows for foreign direct investment in business services and endogenous productivity effects from additional varieties of business services and goods. National welfare gains are substantial at about 4.5% of GDP; but we show that the gains in a traditional constant returns to scale model without FDI in business services are only 0.1%. Variance in the gains across the regions is explained by their capacity to attract FDI in services. Distributional impacts within regions are rather flat for the first nine deciles; but the richest decile of the population in the three regions that attract the most FDI in business services gains significantly more than the other nine representative households in those regions.

Online publication date: Thu, 31-Jul-2014

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