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