Poverty Effects of Russia’s WTO Accession: Modeling “Real” Households and Endogenous Productivity Effects

By Thomas F. Rutherford, D. Tarr. 2005

113 citations recorded by the source corpus.

Abstract We employ a computable general equilibrium model of the Russian economy to assess the impact of accession to the World Trade Organization (WTO) on income distribution and the poor. We incorporate all 55,098 households from the Russian Household Budget Survey as agents in the model. The model includes FDI in services and Dixit–Stiglitz endogenous productivity effects in imperfectly competitive goods and services sectors, features which are crucial to the results. We show that incorporating the diversity of households though a real household model is important for assessing household impacts, but getting the key model features right is equally important.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/585ead79c7739a4c048c6e74bc8998b4d08bf161

Citations in the corpus

• Distributional Impacts of Carbon Pricing: A General Equilibrium Approach with Micro-Data for Households (2011, unknown): “Sixth, a well-known issue with household survey data in general and with the CEX data in particular is that capital income seems to be too low when compared to capital income based on National Account data (e.g., Deaton, 2003; Rutherford and Tarr, 2008).”