nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2010‒04‒11
three papers chosen by
Koen Schoors
Ghent University

  1. Russian trade and foreign direct investment policy at the crossroads By Tarr, David; Volchkova, Natalya
  2. The financial crisis hits the real and social sector : Russia in spring 2009 By Manuela Troschke
  3. Fiscal decentralisation and the quality of public services in Russian regions By Alexander Plekhanov; Lev Freinkman

  1. By: Tarr, David; Volchkova, Natalya
    Abstract: This paper summarizes the estimates of what Russia will get from World Trade Organization accession and why. A key finding is the estimate that Russia will gain about $53 billion per year in the medium term from World Trade Organization accession and $177 billion per year in the long term, due largely to its own commitments to reform its own business services sectors. The paper summarizes the principal reform commitments that Russia has undertaken as part of its World Trade Organization accession negotiations, and compares them with those of other countries that have acceded to the World Trade Organization. It finds that the Russian commitments represent a liberal offer to the members of the World Trade Organization for admission, but they are typical of other transition countries that have acceded to the World Trade Organization. The authors discuss the outstanding issues in the Russian World Trade Organizaiton accession negotiations, and explain why Russian accession will result in the elimination of the Jackson-Vanik Amendment against Russia. They discuss Russian policies to attract foreign direct investment, including an assessment of the impact of the 2008 law on strategic sectors and the increased role of the state in the economy. Finally, the authors assess the importance of Russian accession to Russia and to the international trading community, and suggestions for most efficiently meeting the government’s diversification objective.
    Keywords: Economic Theory&Research,World Trade Organization,Emerging Markets,Debt Markets,Free Trade
    Date: 2010–03–01
  2. By: Manuela Troschke (Osteuropa-Institut, Regensburg (Institut for East European Studies))
    Date: 2009–05
  3. By: Alexander Plekhanov (European Bank of Reconstruction and Development); Lev Freinkman (World Bank)
    Abstract: The paper provides empirical analysis of the relationship between fiscal decentralisation and the quality of public services in the Russian regions. The analysis suggests that fiscal decentralisation has no significant effect on the key inputs into secondary education, such as schools, computers, or availability of pre-schooling, but has a significant positive effect on average examination results, controlling for key observable inputs and regional government spending on education. Decentralisation also has a positive impact on the quality of municipal utilities provision. Both effects can be attributed to strengthened fiscal incentives rather than to superior productive efficiency of municipal governments.
    Keywords: decentralisation, education, utilities, public services, Russian regions
    JEL: H72 H73 H75 H77
    Date: 2009–11

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