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Why Enforcing its UNCAC Commitments Would be Good for Russia: A Computable General Equilibrium Model

Author(s): Michael P. BARRY

Journal: Eurasian Journal of Business and Economics
ISSN 1694-5948

Volume: 3;
Issue: 5;
Start page: 93;
Date: 2010;
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Keywords: Russia | corruption | computable general equilibrium | CGE | UN Convention against Corruption | UNCAC | Global Trade Analysis Project | GTAP

Russia has ratified the UN Convention Against Corruption but has not successfully enforced it. This paper uses updated GTAP data to reconstruct a computable general equilibrium (CGE) model to quantify the macroeconomic effects of corruption in Russia. Corruption is found to cost the Russian economy billions of dollars a year. A conclusion of the paper is that implementing and enforcing the UNCAC would be of significant economic benefit to Russia and its people.
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