Quantitative Analysis of Implications of Russia’s Accession to the WTO
This article considers the problem of quantitative measurement of implications of Russia’s accession to the WTO. Main attention is focused on the analysis of the impact of expected change in the level of foreign trade duties on dynamics of imports and domestic production. A notion of an “equivalent duty” has been introduced in the article; this notion is a key concept of the proposed methodology of quantitative analysis.
KeywordsImport Duty Dollar Exchange Rate Production Elasticity Macroeconomic Implication Import Elasticity
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