Mazhikeyev_Edwards_Rizov_DP2014_02.pdf (598.76 kB)
Openness and isolation: the comparative trade performance of the former Soviet Central Asian countries
preprint
posted on 2014-08-29, 10:43 authored by Arman Mazhikeyev, T. Huw Edwards, Marian RizovPrevious studies characterize some of the Former Soviet Central Asian countries (CACs) as “more open” (Kazakhstan, Kyrgyzstan) and others as “more isolated” (Tajikistan, Turkmenistan and Uzbekistan) depending on their trade-over-GDP level. Being an open or isolationist economy has resulted respectively in more or less suitable environment for business and investment. We investigate this by measuring contributions of country-specific properties and networking factors in 185 bilateral CACs trade flows over the period 1995-2011. We find that, even though all CACs’ trade has increased greatly since 1995, for the more open economies (Kazakhstan and Kyrgyzstan) trade changes are mainly explained by networking (bilateral) factors while for isolationist economies (Turkmenistan, Uzbekistan and Tajikistan) changes in trade are mostly explained by country-specific properties.
History
School
- Business and Economics
Department
- Economics
Citation
MAZHIKEYEV, A., EDWARDS, T.H. and RIZOV, M., 2014. Openness and isolation: the comparative trade performance of the former Soviet Central Asian countries. Loughborough University School of Business and Economics, WP 2014 – 02.Publisher
© Loughborough UniversityVersion
- NA (Not Applicable or Unknown)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2014Notes
This is a working paper.ISSN
1750-4171Book series
Economics Discussion Paper Series;WP 2014 – 02Language
- en