Abstract

http://ssrn.com/abstract=1000706
 
 

References (38)



 
 

Citations (28)



 


 



The Impact of Liberalizing Barriers to Foreign Direct Investment in Services: The Case of Russian Accession to the World Trade Organization


Jesper Jensen


TECA Training ApS

Thomas F. Rutherford


Centre for Energy Policy and Economics

David G. Tarr


World Bank


Review of Development Economics, Vol. 11, No. 3, pp. 482-506, August 2007

Abstract:     
In this paper a computable general equilibrium model of the Russian economy is used to assess the impact of accession to the World Trade Organization (WTO), which encompasses improved market access, Russian tariff reduction, and reduction of barriers against multinational service providers. It is assumed that foreign direct investment in business services is necessary for multinationals to compete well with Russian business services providers, but cross-border service provision is also present. The model incorporates productivity effects in both goods and services markets endogenously, through a Dixit-Stiglitz framework. It is estimated that Russia will gain about 7.2% of the value of Russian consumption in the medium term from WTO accession and up to 24% in the long run. It is also estimated that the largest gains to Russia will derive from liberalization of barriers against multinational service providers. Piecemeal and systematic sensitivity analysis shows that the results are robust.

Number of Pages in PDF File: 25

Accepted Paper Series


Date posted: July 17, 2007  

Suggested Citation

Jensen, Jesper and Rutherford, Thomas F. and Tarr, David G., The Impact of Liberalizing Barriers to Foreign Direct Investment in Services: The Case of Russian Accession to the World Trade Organization. Review of Development Economics, Vol. 11, No. 3, pp. 482-506, August 2007. Available at SSRN: http://ssrn.com/abstract=1000706 or http://dx.doi.org/10.1111/j.1467-9361.2007.00362.x

Contact Information

Jesper Jensen (Contact Author)
TECA Training ApS ( email )
Mosevej 55
Hørsholm, 2970
Denmark
+45 24 20 50 00 (Phone)
HOME PAGE: http://www.tecatraining.dk
Thomas F. Rutherford
Centre for Energy Policy and Economics ( email )
ETH-Zentrum
Zurich, CH-8092
United States
+41 (0)44/632 6359 (Phone)
+41 (0)44/632 1622 (Fax)
HOME PAGE: http://www.cepe.ethz.ch/
David G. Tarr
World Bank ( email )
1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
HOME PAGE: http://https://sites.google.com/site/davidgtarr/
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References:  38
Citations:  28

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