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Creating a Eurasian Union offers a detailed analysis of the
economies of the Customs Union of Russia, Belarus, and Kazakhstan
and the proposed Eurasian Union. The authors employ econometric
analysis of business cycles and cointegration analysis to prove the
fragility of the union's potential economic success. By providing a
brief description of the economic integration of the former Soviet
republics, this pioneering work analyses the on-going trial and
error processes of market integration led by Russia. Vymyatnina and
Antonova's distinctive argument is the first consistent analysis of
the emerging Eurasian Union. They incorporate both a non-technical
summary of the integration process and previous research and
analytical comments, as well as a thorough empirical analysis of
the real data on the economic development of the participating
countries, to caution that the speed of integration might undermine
the feasibility of the Eurasian Union.
Creating a Eurasian Union offers a detailed analysis of the
economies of the Customs Union of Russia, Belarus, and Kazakhstan
and the proposed Eurasian Union. The authors employ econometric
analysis of business cycles and cointegration analysis to prove the
fragility of the union's potential economic success. By providing a
brief description of the economic integration of the former Soviet
republics, this pioneering work analyses the on-going trial and
error processes of market integration led by Russia. Vymyatnina and
Antonova's distinctive argument is the first consistent analysis of
the emerging Eurasian Union. They incorporate both a non-technical
summary of the integration process and previous research and
analytical comments, as well as a thorough empirical analysis of
the real data on the economic development of the participating
countries, to caution that the speed of integration might undermine
the feasibility of the Eurasian Union.
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