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EU Eastern Neighbourhood: Economic Potential and Future Development [ENEPO] | 19-03-2007
 
 
As a part of a consortium CEFIR is involved in a specific targeted research project co-ordinated by CASE. The ENEPO project seeks to examine different aspects of the European Union’s relations with its neighbours to the east (the so-called «eastern neighbourhood»).
 
 
Project Dates: May 2006 — May 2009

As a part of a consortium CEFIR is involved in a specific targeted research project co-ordinated by CASE — Center for Social and Economic Research, funded by the 6th Framework Programme of the European Union.

The ENEPO project seeks to examine different aspects of the European Union’s relations with its neighbours to the east (the so-called «eastern neighbourhood»). Primarily, it focuses on the economic features of an EU Eastern neighbourhood such as:

  • perspectives and conditions for closing the development gap between the CIS and the enlarged EU;
  • CIS-EU trade relations, including the energy sector;
  • capital flows and FDI; investment climate in recipient countries;
  • the potential role of labour migration and its social consequences; cooperation in the area of justice, security and freedom;
  • institutional harmonization of CIS economies with EU standards and the role of the EU in leveraging this;


The innovative approach of this proposal consists of deeper investigation of the interrelation between the mentioned areas of cooperation. In particular, it will analyze the links between the four basic market freedoms — i.e. free movement of goods, services, capital and people — and various incentives which can speed up economic and institutional development in CIS countries and their closer integration with the enlarged EU.

CEFIR research work is aimed to achieve the following specific objectives during the implementation of the project:

Analysis of the development gap between the CIS and EU countries:
  • to evaluate the scale and various aspects of the development gap in terms of four major dimensions of development (economic, human, environmental and institutional) both in cross-country and intra-country dimensions;
  • to identify major development challenges facing CIS countries in the forthcoming decade(s) and to develop alternative scenarios of future development depending on widening/closing the development gap;
  • to identify those ‘bottlenecks’ in CIS countries’ development, which can be removed or diminished by the European Neighbourhood Policy (ENP);
  • to identify the specific ENP instruments most suitable for various countries of the region to provide an impetus to economic and institutional reforms, thus contributing to closing the development gap.


Analysis of the economic and institutional consequences of WTO accession and of future EU-CIS free trade agreements:

  • to construct and estimate computable general equilibrium (CGE)-based models of different types of trade liberalization and regional trade agreements for several CIS countries; application of this methodology will allow for the evaluation of the impact of trade agreements on income, government revenue, prices, domestic production, employment, international trade and consumers’ welfare;
  • to analyse and quantify the effects of non-tariff barriers on trade between CIS and EU countries, also using a CGE-based methodology.


Analysis of outward migration in selected CIS countries:
  • to study the impact of out-migration and remittances from migrant workers on the economies of selected CIS countries (Georgia, Kyrgyzstan, Moldova, Russia and Ukraine) with a use of a computable general equilibrium (CGE) model.
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