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Title: Openness and isolation: the comparative trade performance of the former Soviet Central Asian countries
Authors: Mazhikeyev, Arman
Edwards, T. Huw
Rizov, Marian
Issue Date: 2014
Publisher: © Loughborough University
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.
Series/Report no.: Economics Discussion Paper Series;WP 2014 – 02
Abstract: Previous 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.
Description: This is a working paper.
Version: Submitted
URI: https://dspace.lboro.ac.uk/2134/15706
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

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