Assessing the Impact of WTO Accession on Belarus : A Quantitative Evaluation

Assessing the Impact of WTO Accession on Belarus : A Quantitative Evaluation

As a small and open economy, Belarus' development perspectives are intrinsically linked to its ability to produce and sell goods and services competitively in the global marketplace. While Belarus is an open economy, its trade links are concen...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	RENT SEEKING AUTOMOBILE TRANSPORT SECTOR ELASTICITY VALUE WORLD TRADE ORGANIZATION PRODUCTION ELASTICITY OF SUPPLY ENVIRONMENTAL PROTECTION PRICE INCREASES VARIABLE COSTS AIR SERVICES AIRPORT STOCK INCOME PERFECT COMPETITION AIR ROUTES VEHICLES MARGINAL COST TRADE BARRIERS ELASTICITY OF DEMAND EXPORTS ELASTICITY DEMAND ELASTICITIES WELFARE SUPPLY CURVES RAIL TRANSPORTATION ECONOMIC IMPLICATIONS INCENTIVES DISTRIBUTION EQUILIBRIUM VARIABLES TRADE REFORMS ASYMMETRIC INFORMATION MARGINAL PRODUCTIVITY SUBSIDY CARRIERS TRAFFIC AIRLINE COMPANIES TAX REAL INCOME OWNERSHIP INPUTS ROUTES DUMPING RETURNS TO SCALE PAYMENTS WEALTH SAFETY REGULATIONS AIR AGRICULTURAL OUTPUT FREE TRADE VALUE OF OUTPUT TRANSPORT SERVICES TRENDS INCREASING RETURNS TO SCALE DEVELOPMENT VEHICLE INFLUENCE TOTAL FACTOR PRODUCTIVITY SAVINGS ROAD RAIL TRANSPORT COSTS TRAINING DEVELOPMENT ECONOMICS TELECOMMUNICATIONS TRANSPORT RENT CONSTANT RETURNS TO SCALE BASE YEAR PUBLIC SAFETY PRODUCTIVITY EXTERNALITIES MONOPOLY IMPERFECT COMPETITION DEMAND CURVES INCREASING RETURNS MARKETS WTO TRUE OPEN ECONOMY TOTAL COSTS TRADE POLICY PUBLIC POLICY OBJECTIVES ELASTICITY OF SUBSTITUTION TRANSPORT EQUIPMENT AIR TRAFFIC INVENTORIES PARTIAL PRIVATIZATION AVERAGING GROSS DOMESTIC PRODUCT INVENTORY SUBSIDIES INJURY ELASTICITY VALUES ECONOMIC RESEARCH INFRASTRUCTURE TAXES NATURAL MONOPOLIES UNEMPLOYMENT TRAFFIC CONTROL DEREGULATION EXTERNALITY INITIATIVES PRODUCTIVITY GROWTH CONSUMPTION VALUE ADDED TRAVEL TRANSPORTATION INSPECTION CAPITAL WAGES POLICIES INTERNATIONAL TRADE TRUCKS PRODUCTIVITY INCREASES VALUE COMPETITIVENESS ELASTICITIES PRODUCT DIFFERENTIATION MACROECONOMICS DEMAND MOTOR VEHICLE AIR TRAFFIC CONTROL MARGINAL COSTS MOTOR VEHICLES ECONOMY CONSUMERS AGRICULTURE DEMAND CURVE TARIFF BARRIERS MEASUREMENT SHARES RAILWAY BENCHMARK ECONOMIC THEORY TRADE LIBERALIZATION AIRCRAFT PRODUCTION FUNCTION ECONOMICS MINISTRY OF TRANSPORT REGULATORY REGIMES PROFITABILITY TRADE RAILWAYS FOREIGN COMPETITION AIR TRANSPORT GDP GOODS THEORY BILATERAL TRADE MARGINAL REVENUE INVESTMENT COMPARATIVE ADVANTAGE AIRCRAFT TYPES ADVERSE IMPACT MONOPOLIES RAIL SUPPLY FUEL REVENUE OPEN MARKETS INVESTMENTS MONOPOLISTIC COMPETITION TRANSITION ECONOMIES TOTAL OUTPUT PETROLEUM PRODUCTS AVERAGE PRODUCTIVITY PROFITS ROAD TRANSPORT DIESEL FINANCIAL SECTOR SAFETY LESS DEVELOPED COUNTRIES TRANSPORTATION SERVICES TIRES DEVELOPMENT PERSPECTIVES HOURS OF OPERATION INFRASTRUCTURES PRICES CONSUMER PROTECTION BENEFITS INCOME GROUPS COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26482457/assessing-impact-wto-accession-belarus-quantitative-evaluation http://hdl.handle.net/10986/24698

Description
Summary:	As a small and open economy, Belarus' development perspectives are intrinsically linked to its ability to produce and sell goods and services competitively in the global marketplace. While Belarus is an open economy, its trade links are concentrated both in terms of products and markets. Mineral goods –most importantly refined oil and potassium chloride - are the main export product accounting for more than 1/3 of total exports. Non mineral exports, including most importantly machinery, vehicles and transport equipment are mostly exported to Russia and other CIS markets, which account for 74 percent of non-mineral exports while the share of EU countries in Belarus non-mineral exports account for less than 15 percent. With Russia's WTO accession in 2012 competitive pressures on Belarus’ major market for non-mineral exports have further intensified. As Belarus is accelerating its own negotiations with the WTO, understanding the challenges and opportunities faced by the country's exporters is critical to putting in place an effective adaptation strategy that will enhance competitiveness and ensure Belarus can take full advantage of more open market access. The objective of this note is to analyze the economic impacts of Belarus' potential accession to the WTO. The note utilizes a modern computable general equilibrium model of the economy of Belarus to simulate impacts on the economy as a whole and on individual sectors.

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