Economic effects estimation for the Eurasian Economic Union: Application of regional linear regression. Issue 3 (September 2019)

• Record Type: Journal Article
• Authors: Bayramov, Vugar; Breban, Dan; Mukhtarov, Elmir
• Is Part Of: Communist and post-communist studies. Volume 52:Issue 3(2019)
• Page Start: 209
• Page End: 225
• Publication Date: 2019-09
• Subjects: Azerbaijan -- Russia -- Regional integration -- Eurasian economic union -- Post-soviet states; Communism -- Periodicals; Post-communism -- Periodicals; Communisme -- Périodiques; Postcommunisme -- Périodiques; Communism; Post-communism; Periodicals; Electronic journals; 320.53205
• DOI: 10.1016/j.postcomstud.2019.07.001
• Languages: English
• ISSNs: 0967-067X

Abstract

Abstract: 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.