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Title: Openness and isolation: The trade performance of the former Soviet Central Asian countries
Authors: Mazikeyev, Arman
Edwards, T. Huw
Rizov, Marian
Keywords: Central Asia
Gravity models
Trade performance
Issue Date: 2015
Publisher: © The Authors. Published by Elsevier
Citation: MAZIKEYEV, A., EDWARDS, T.H. and RIZOV, M., 2015. Openness and isolation: The trade performance of the former Soviet Central Asian countries. International Business Review, 24(6), pp. 935-947.
Abstract: Previous studies divide the former Soviet Central Asian countries (CACs) into ‘‘more open’’ (Kazakhstan, Kyrgyzstan) and ‘‘more isolationist’’ (Tajikistan, Turkmenistan and Uzbekistan) depending on their trade-to-GDP ratio. We investigate this by gravity analysis measuring contributions of country-specific properties and networking factors in 185 bilateral CACs trade flows over the period 1995–2011. Our findings suggest that while all CACs have experienced growing trade over the period, they show considerable variety in initial conditions and transition reforms. The more solationist countries have mostly relied on fortuitous factors such as hikes in natural resource prices to boost their trade, whereas the more open, reform-minded states have achieved considerable trade growth through reducing trade costs. Being an open or isolationist economy has resulted, respectively, in more or less suitable environment for business and investment.
Description: This is an Open Access Article. It is published by Elsevier under the Creative Commons Attribution 4.0 Unported Licence (CC BY). Full details of this licence are available at: http://creativecommons.org/licenses/by/4.0/
Version: Published
DOI: 10.1016/j.ibusrev.2015.03.001
URI: https://dspace.lboro.ac.uk/2134/21462
Publisher Link: http://dx.doi.org/10.1016/j.ibusrev.2015.03.001
ISSN: 1873-6149
Appears in Collections:Published Articles (Economics)

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