06 March 2014 - 07 March 2014
IIASA, Wodak Room

Methodology for Accessing Effects of Regional Economic Integration

This is the first workshop in the framework of the IIASA’s project on “Challenges and Opportunities of Economic Integration within a wider European and Eurasian Space”.

This workshop aims to review methodologies, which have been proposed and used by different research groups to assess the effects of economic integration in the context of Eurasian integration and beyond; to analyze their strengths and weaknesses, as well as the underlying assumptions and applicability, and to compare, when possible, the results. There have been developed various potentially applicable and suitable modeling and analytical frameworks, among which are computable general equilibrium (CGE) models, dynamic stochastic general equilibrium (DSGE) models; econometric models, dynamic input-output models (IOM), gravity models, long-term economic growth models - to name a few.

The workshop is expected to generate the following outcomes

  • a comprehensive review of existing modeling and analytical frameworks used in the world practice to assess economic and social consequences of different integration processes between nations and regions, their assumptions and general limitations;
  • in-depth analysis of their potential to provide reasonable quantitative estimates and qualitative interpretations;
  • a detailed survey of inconsistencies in the results generated by means of different approaches regarding assessment of the economic consequences of the prospects of Eurasian integration;
  • reflections on a single most suitable methodology addressing the following key aspects (the list is indicative and by no means exclusive):
  • its forecasting skills should extend for the medium- and long-term perspectives;
  • a possibility of structural changes in the economy should be implied;
  • the foreign trade should be disaggregated by types of economic activity and by major players (at minimum, the EU, the CU/SES, individual CIS countries, the rest of the world); foreign trade statistics should be complemented by data on exchange rates effects, relative prices, and customs tariffs;
  • not only tariff-, but also non-tariff barriers (e.g., technological standards) should be taken into account;
  • major causal relationships between economic indicators within each country and between countries should be addressed; the analysis should include technological change and its influence on the economy and foreign trade.  


    Research Project ‘Challenges and Opportunities of Economic Integration within a wider European and Eurasian Space’

    The international and interdisciplinary research project “Challenges and Opportunities of Economic Integration within a wider European and Eurasian Space”, which was launched by IIASA in 2013, aims to discuss and analyse issues of economic integration within the Eurasian continent. European and Eurasian cooperation extends to the key Asian players, such as ChinaKorea and Japan, as well as the USA. The multidisciplinary approach of the project include economic, technological, institutional, demographic, sectorial (finance and investment, energy, infrastructure, etc.) aspects of Pan-European/Eurasian development. 
    The three-year research project consists of a series of workshops at which specific aspects of integration are discussed by scientists and stakeholders representing all interested regions; follow-up discussion summaries outline the state-of-the-art in this field and reflect on different futures.  
    The project has been discussed and initially supported by the European Commission, the Eurasian Economic Commission, the Eurasian Development Bank, the Russian Academy of Sciences, and some other European and Eurasian institutions.
    As a result of this project’s international multidisciplinary and independent nature, it is well positioned to provide scientific substantiation in support of possible options for trade policies across all major parties involved in this region, in addition to its scientific methodological contributions.


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Last edited: 12 December 2016

CONTACT DETAILS

Elena Rovenskaya

Program Director

Advanced Systems Analysis

T +43(0) 2236 807 608

CONTACT DETAILS

Anastasia Stepanova

Research Scholar

Advanced Systems Analysis

T +43(0) 2236 807 361

Futures initiative

Eurasian Economic Integration

Workshop materials

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313