Openness and isolation: the trade performance of the former Soviet Central Asian countries

Article

Mazhikeyev, A., Edwards, 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. https://doi.org/10.1016/j.ibusrev.2015.03.001
TypeArticle
TitleOpenness and isolation: the trade performance of the former Soviet Central Asian countries
AuthorsMazhikeyev, A., Edwards, H. and Rizov, M.
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 ratio. Being an open or isolationist economy has resulted respectively in more or less suitable environment for business and investment. We investigate the drivers of CACs trade performance 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.

KeywordsCentral Asia, FSU, gravity models, Russia, trade performance, transition
PublisherElsevier
JournalInternational Business Review
ISSN0969-5931
Publication dates
Online26 Mar 2015
Print01 Dec 2015
Publication process dates
Deposited06 May 2015
Submitted01 Mar 2015
Output statusPublished
Publisher's version
License
Accepted author manuscript
License
File Access Level
Restricted
Additional information

Available online 26 March 2015

Digital Object Identifier (DOI)https://doi.org/10.1016/j.ibusrev.2015.03.001
LanguageEnglish
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