Regional Integration and Economic Convergence in the Post-Soviet Space: Experience of the Decade of Growth

Authors


Alexander Libman, Frankfurt School of Finance & Management, Sonnemannstrasse 9-11, 60314 Frankfurt am Main, Germany, email a.libman@frankfurt-school.de

Abstract

This article examines the dynamics of regional integration and economic convergence in the post-Soviet world during the period 1999–2008, both considered as a whole and on the level of individual country groups. While the trade integration experienced a negative trend, at the same time one can observe an unprecedented expansion of labour migration – thus suggesting that integration of factor flows can outperform integration of markets for goods and services, at least in this specific case. Clustering processes of the post-Soviet states for economic convergence and for economic integration seem to be unaffected by each other.

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