This research studies the accession of a transition country to the World Trade Organization on the case of Ukraine. Quantitative results are obtained by building a Computable General Equilibrium model in the mathematical programming language General Algebraic Modelling System (GAMS). Four scenarios are simulated: 1) import tariffs reform; 2) improvement of exports access; 3) improvement of investment climate and 4) the scenario that combines previous three, or a full WTO accession.
This book has two parts. The first part talks about general characteristics of the World Trade Organisation (WTO) as well as common steps that have to be taken during the accession process. Theoretical studies related to the WTO activities are also presented. Finally, Part I of this book discusses one of the most useful methods of examining economic consequences of being WTO member, namely Computable General Equilibrium (CGE) Models. Part II continues analysis and shows application of CGE model to a specific case study. It scrutinises accession of Ukraine to the WTO and discusses possible economic impact of such step. Concluding remarks for the whole book are given at the end of Part II.