000			03886cam a22006374a 4500
001			3473
003			The World Bank
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007			cr cn|||||||||
008			020129s2005 dcu i001 0 eng
024	8		_a10.1596/1813-9450-3473
035			_a(The World Bank)3473
100	1		_aRutherford, Thomas F.
245	1	0	_aPoverty Effects of Russia's WTO Accession _h[electronic resource] : _bModeling "Real" Households and Endogenous Productivity Effects / _cRutherford, Thomas F.
260			_aWashington, D.C., _bThe World Bank, _c2005
300			_a1 online resource (65 p.)
520	3		_aRutherford, Tarr, and Shepotylo use a computable general equilibrium comparative static model of the Russian economy to assess the impact of accession to the World Trade Organization (WTO) on income distribution and the poor. Their model is innovative in that they incorporate all 55,000 households from the Russian Household Budget Survey as "real" households in the model. This is accomplished because they develop a new algorithm for solving general equilibrium models with a large number of agents. In addition, they include foreign direct investment and Dixit-Stiglitz endogenous productivity effects in their trade and poverty analysis. In the medium term, the authors find that virtually all households gain from Russian WTO accession, with 99.9 percent of the estimated gains falling within a range between 2 and 25 percent increases in household income. They show that their estimates are decisively affected by liberalization of barriers against foreign direct investment in business services sectors and endogenous productivity effects in business services and goods. The authors use their integrated model to assess the error associated with a "top down" approach to micro-simulation. They find that approximation errors introduced by failing to account for income effects in the conventional sequential approach are very small. However, data reconciliation between the national accounts and the household budget survey is important to the results. Despite the estimated gains for virtually all households in the medium term, many households may lose in the short term because of the costs of transition. So, safety nets are crucial for the poorest members of society during the transition. This paper-a product of the Trade Team, Development Research Group-is part of a larger effort in the group to assess the impact of trade on poverty.
650		4	_aCommunities & Human Settlements
650		4	_aConstant Returns To Scale
650		4	_aConsumption
650		4	_aCosts
650		4	_aDebt Markets
650		4	_aDevelopment
650		4	_aDistribution
650		4	_aE-Business
650		4	_aEconomic Theory and Research
650		4	_aEconomy
650		4	_aEmerging Markets
650		4	_aEquilibrium
650		4	_aEquilibrium Prices
650		4	_aFinance and Financial Sector Development
650		4	_aFinancial Literacy
650		4	_aGoods
650		4	_aHousing and Human Habitats
650		4	_aIncome
650		4	_aIncome Groups
650		4	_aInvestment
650		4	_aLabor Policies
650		4	_aMacroeconomics and Economic Growth
650		4	_aPayments
650		4	_aPrivate Sector Development
650		4	_aProductivity
650		4	_aSafety Nets
650		4	_aSocial Protections and Labor
650		4	_aTrade
650		4	_aTrade Policy
650		4	_aWelfare
650		4	_aWorld Trade Organization
650		4	_aWTO
700	1		_aRutherford, Thomas F.
700	1		_aShepotylo, Oleksandr
700	1		_aTarr, David G.
776	1	8	_aPrint version: _iRutherford, Thomas F. _tPoverty Effects of Russia's WTO Accession. _dWashington, D.C., The World Bank, 2005
830		0	_aPolicy research working papers.
830		0	_aWorld Bank e-Library.
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/1813-9450-3473
999			_c139234 _d139234