Assessment of countries and regions integration interaction features
Journal Title: Вісник Маріупольського державного університету.Серія: Економіка - Year 2015, Vol 10, Issue
Abstract
The article investigates approaches to assessing the integration processes development level. The actual systems of regional economic integration indicators are characterized. Among these systems the most important is Eurasian integration indicators system of Eurasian Development Bank, which covers various aspects of cooperation from macroeconomic policy to academic mobility. Improvement and expansion of the integration processes development indicators has determined the appearance of integration processes development databases, which now include WTO base, APTIAD (UNESCAP), INTRADE (IADB), the Correlates of War (CoW), Yearbook of International Organizations (Union of International Associations), RIKS - Regional Integration Knowledge System (UNU-CRIS), the BDRI (Regional Integration Database of Eurasian Development Bank). The approaches to using the instruments of economic and mathematical modeling to assess the impact of integration processes on the economic development dynamics are identified. One of the main areas is the assessment of the possible economic effects of the regional trade agreements signing for participating countries and for the rest of the world before (ex-ante) and after (ex-post) accession to the agreement. The most of empirical research investigated the integration processes impact on the member countries welfare based on general and partial equilibrium models and statistic characteristics of the econometric models. Gravity models, which are focused on the research of wide spectrum of problems in economy of trade, are widely used. These models application fields concern the economic policy relating to the various integration groups creation. The methodical approach to assessing the countries/groups of countries integration interaction level in the context of its impact on economic growth based on the application of statistical models is suggested. The algorithm for assessing the impact of various forms of international economic activity on changes in socio-economic development, particularly on GDP per capita is constructed. The proposed algorithm is tested on the example of evaluating the Ukraine's cooperation effectiveness with the key regional integration group.
Authors and Affiliations
Olga Zakharova
Keywords
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- EP ID EP240665
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