TY  - BOOK
AU  - Ianchovichina,Elena
AU  - Ianchovichina,Elena
AU  - Ivanic,Maros
AU  - Martin,Will
TI  - Implications of the Growth of China and India for the Other Asian Giant: Russia 
PY  - 2009///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Adverse impacts
KW  - Agricultural output
KW  - Competitiveness
KW  - Constant returns to scale
KW  - Consumers
KW  - Debt
KW  - Economic cooperation
KW  - Economic performance
KW  - Economic Theory and Research
KW  - Emerging Markets
KW  - Export growth
KW  - Exports
KW  - Financial crisis
KW  - Free Trade
KW  - GDP
KW  - Income
KW  - Income levels
KW  - International Economics & Trade
KW  - International trade
KW  - Macroeconomics and Economic Growth
KW  - Markets and Market Access
KW  - Natural resources
KW  - Newly industrialized countries
KW  - Private Sector Development
KW  - Product differentiation
KW  - Productivity growth
KW  - Public Sector Development
KW  - Taxation
KW  - Trade Policy
N2  - 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
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5075
ER  -