Implications of the growth of China and India for the other Asian giant : Russia
Continuing rapid growth of China and India can be expected to raise incomes in Russia, but also to put adjustment pressure on Russian firms. The impacts of the rapid growth of China and India on the Russian economy are explored by examining a basel...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091013154649 http://hdl.handle.net/10986/4267 |
| id |
okr-10986-4267 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-42672021-04-23T14:02:16Z Implications of the growth of China and India for the other Asian giant : Russia Ianchovichina, Elena Ivanic, Maros Martin, Will ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL OUTPUT AGRICULTURAL PRICES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE APPAREL BENCHMARK BILATERAL TRADE CHANGES IN TRADE COMMODITIES COMMODITY COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER DEMAND CONSUMERS DEBT DEMAND FUNCTIONS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICES DUTY DRAWBACKS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION EMERGING ECONOMIES EMERGING MARKET ENERGY EXPORT ENERGY EXPORTS ENERGY PRICES ENERGY RESOURCES EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT PATTERNS EXPORT PRICE EXPORT PRICES EXPORT PROCESSING EXPORT VOLUMES EXPORTERS EXPORTS FACTOR ENDOWMENTS FACTOR PRICES FINAL GOODS FINANCIAL CRISIS FINANCIAL INFLOWS FUTURE GROWTH GDP GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMICS GLOBAL ECONOMY GLOBAL TRADE GLOBAL TRADE ANALYSIS GLOBALIZATION GROWTH PROJECTIONS GROWTH RATE GROWTH RATES IMPERFECT SUBSTITUTES IMPORT PRICE IMPORT TARIFFS INCOME INCOME EFFECTS INCOME ELASTICITIES INCOME LEVELS INCOMES INDUSTRIAL ECONOMIES INTERMEDIATE INPUTS INTERNATIONAL COMPETITION INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTERNATIONAL TRANSPORT MANUFACTURING INDUSTRIES MARKET COMPETITION MARKET ENTRY MARKET PRICES MARKET SHARES MERCHANDISE MERCHANDISE EXPORTS MERCHANDISE IMPORTS MERCHANDISE TRADE NATURAL RESOURCE NATURAL RESOURCES NEW PRODUCTS NEWLY INDUSTRIALIZED COUNTRIES OPENNESS PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE LEVEL PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTIVITY GROWTH RAPID EXPANSION RAPID GROWTH REGIONAL TRADE SAVINGS SHARE OF WORLD EXPORTS SKILLED WORKERS SUPPLIER SUPPLIERS TAXATION TAXATION POLICIES TERMS OF TRADE TERMS-OF-TRADE GAINS THIRD MARKETS TOTAL OUTPUT TRADE BALANCES TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE POLICY ANALYSIS TRADE STRUCTURE TRADE ZONES TRANSPORT COSTS UNSKILLED LABOR VALUE OF EXPORTS VALUE OF OUTPUT WELFARE GAINS WELFARE IMPACTS WORLD ECONOMY WORLD MARKETS WORLD PRICES WORLD TRADE Continuing rapid growth of China and India can be expected to raise incomes in Russia, but also to put adjustment pressure on Russian firms. The impacts of the rapid growth of China and India on the Russian economy are explored by examining a baseline projection using a global general equilibrium model, and then assessing the implications of higher-than-expected growth in China and India. The authors find that a major source of benefits to Russia is likely to be terms-of-trade improvements associated with higher energy prices - a quite different channel of effect from that for many developing countries that benefit primarily through expanded opportunities to trade directly with these emerging giants. Taking into account the likely improvements in the quality and variety of exports from China and India, the gains to Russia increase substantially. The expansion of the energy sector and the contraction of manufacturing and services are a sign of a Dutch disease effect that will increase the importance of policies to encourage adaptation to the changing world environment. 2012-03-19T19:12:56Z 2012-03-19T19:12:56Z 2009-10-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091013154649 http://hdl.handle.net/10986/4267 English Policy Research working paper ; no. WPS 5075 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Commonwealth of Independent States China Russian Federation India |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL OUTPUT AGRICULTURAL PRICES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE APPAREL BENCHMARK BILATERAL TRADE CHANGES IN TRADE COMMODITIES COMMODITY COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER DEMAND CONSUMERS DEBT DEMAND FUNCTIONS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICES DUTY DRAWBACKS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION EMERGING ECONOMIES EMERGING MARKET ENERGY EXPORT ENERGY EXPORTS ENERGY PRICES ENERGY RESOURCES EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT PATTERNS EXPORT PRICE EXPORT PRICES EXPORT PROCESSING EXPORT VOLUMES EXPORTERS EXPORTS FACTOR ENDOWMENTS FACTOR PRICES FINAL GOODS FINANCIAL CRISIS FINANCIAL INFLOWS FUTURE GROWTH GDP GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMICS GLOBAL ECONOMY GLOBAL TRADE GLOBAL TRADE ANALYSIS GLOBALIZATION GROWTH PROJECTIONS GROWTH RATE GROWTH RATES IMPERFECT SUBSTITUTES IMPORT PRICE IMPORT TARIFFS INCOME INCOME EFFECTS INCOME ELASTICITIES INCOME LEVELS INCOMES INDUSTRIAL ECONOMIES INTERMEDIATE INPUTS INTERNATIONAL COMPETITION INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTERNATIONAL TRANSPORT MANUFACTURING INDUSTRIES MARKET COMPETITION MARKET ENTRY MARKET PRICES MARKET SHARES MERCHANDISE MERCHANDISE EXPORTS MERCHANDISE IMPORTS MERCHANDISE TRADE NATURAL RESOURCE NATURAL RESOURCES NEW PRODUCTS NEWLY INDUSTRIALIZED COUNTRIES OPENNESS PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE LEVEL PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTIVITY GROWTH RAPID EXPANSION RAPID GROWTH REGIONAL TRADE SAVINGS SHARE OF WORLD EXPORTS SKILLED WORKERS SUPPLIER SUPPLIERS TAXATION TAXATION POLICIES TERMS OF TRADE TERMS-OF-TRADE GAINS THIRD MARKETS TOTAL OUTPUT TRADE BALANCES TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE POLICY ANALYSIS TRADE STRUCTURE TRADE ZONES TRANSPORT COSTS UNSKILLED LABOR VALUE OF EXPORTS VALUE OF OUTPUT WELFARE GAINS WELFARE IMPACTS WORLD ECONOMY WORLD MARKETS WORLD PRICES WORLD TRADE |
| spellingShingle |
ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL OUTPUT AGRICULTURAL PRICES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE APPAREL BENCHMARK BILATERAL TRADE CHANGES IN TRADE COMMODITIES COMMODITY COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER DEMAND CONSUMERS DEBT DEMAND FUNCTIONS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICES DUTY DRAWBACKS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION EMERGING ECONOMIES EMERGING MARKET ENERGY EXPORT ENERGY EXPORTS ENERGY PRICES ENERGY RESOURCES EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT PATTERNS EXPORT PRICE EXPORT PRICES EXPORT PROCESSING EXPORT VOLUMES EXPORTERS EXPORTS FACTOR ENDOWMENTS FACTOR PRICES FINAL GOODS FINANCIAL CRISIS FINANCIAL INFLOWS FUTURE GROWTH GDP GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMICS GLOBAL ECONOMY GLOBAL TRADE GLOBAL TRADE ANALYSIS GLOBALIZATION GROWTH PROJECTIONS GROWTH RATE GROWTH RATES IMPERFECT SUBSTITUTES IMPORT PRICE IMPORT TARIFFS INCOME INCOME EFFECTS INCOME ELASTICITIES INCOME LEVELS INCOMES INDUSTRIAL ECONOMIES INTERMEDIATE INPUTS INTERNATIONAL COMPETITION INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTERNATIONAL TRANSPORT MANUFACTURING INDUSTRIES MARKET COMPETITION MARKET ENTRY MARKET PRICES MARKET SHARES MERCHANDISE MERCHANDISE EXPORTS MERCHANDISE IMPORTS MERCHANDISE TRADE NATURAL RESOURCE NATURAL RESOURCES NEW PRODUCTS NEWLY INDUSTRIALIZED COUNTRIES OPENNESS PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE LEVEL PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTIVITY GROWTH RAPID EXPANSION RAPID GROWTH REGIONAL TRADE SAVINGS SHARE OF WORLD EXPORTS SKILLED WORKERS SUPPLIER SUPPLIERS TAXATION TAXATION POLICIES TERMS OF TRADE TERMS-OF-TRADE GAINS THIRD MARKETS TOTAL OUTPUT TRADE BALANCES TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE POLICY ANALYSIS TRADE STRUCTURE TRADE ZONES TRANSPORT COSTS UNSKILLED LABOR VALUE OF EXPORTS VALUE OF OUTPUT WELFARE GAINS WELFARE IMPACTS WORLD ECONOMY WORLD MARKETS WORLD PRICES WORLD TRADE Ianchovichina, Elena Ivanic, Maros Martin, Will Implications of the growth of China and India for the other Asian giant : Russia |
| geographic_facet |
Commonwealth of Independent States China Russian Federation India |
| relation |
Policy Research working paper ; no. WPS 5075 |
| description |
Continuing rapid growth of China and
India can be expected to raise incomes in Russia, but also
to put adjustment pressure on Russian firms. The impacts of
the rapid growth of China and India on the Russian economy
are explored by examining a baseline projection using a
global general equilibrium model, and then assessing the
implications of higher-than-expected growth in China and
India. The authors find that a major source of benefits to
Russia is likely to be terms-of-trade improvements
associated with higher energy prices - a quite different
channel of effect from that for many developing countries
that benefit primarily through expanded opportunities to
trade directly with these emerging giants. Taking into
account the likely improvements in the quality and variety
of exports from China and India, the gains to Russia
increase substantially. The expansion of the energy sector
and the contraction of manufacturing and services are a sign
of a Dutch disease effect that will increase the importance
of policies to encourage adaptation to the changing world environment. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Ianchovichina, Elena Ivanic, Maros Martin, Will |
| author_facet |
Ianchovichina, Elena Ivanic, Maros Martin, Will |
| author_sort |
Ianchovichina, Elena |
| title |
Implications of the growth of China
and India for the other Asian giant : Russia |
| title_short |
Implications of the growth of China
and India for the other Asian giant : Russia |
| title_full |
Implications of the growth of China
and India for the other Asian giant : Russia |
| title_fullStr |
Implications of the growth of China
and India for the other Asian giant : Russia |
| title_full_unstemmed |
Implications of the growth of China
and India for the other Asian giant : Russia |
| title_sort |
implications of the growth of china
and india for the other asian giant : russia |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091013154649 http://hdl.handle.net/10986/4267 |
| _version_ |
1764390668044599296 |