Download Poverty Effects of Russia's WTO Accession
Poverty Effects of Russia's WTO Accession High quality books Poverty Effects of Russia's WTO Accession By:Thomas Fox Rutherford,David G. Tarr,Oleksandr Shepotylo Published on 2005 by World Bank Publications |Rutherford, Tarr, and Shepotylo use a computable general equilibrium comparative static model of the Russian economy to assess the impact of accession to the World Trade Organization (WTO) on income distribution and the poor. Their model is innovative in that they incorporate all 55,000 households from the Russian Household Budget Survey as |real| households in the model. This is accomplished because they develop a new algorithm for solving general equilibrium models with a large number of agents. In addition, they include foreign direct investment and Dixit-Stiglitz endogenous productivity effects in their trade and poverty analysis. In the medium term, the authors find that virtually all households gain from Russian WTO accession, with 99.9 percent of the estimated gains ...