The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2010, December. Volume: 7 - Issue: 2

Constructing Market-based Economies in Central Asia: A Natural Experiment?

by Richard Pomfret

Start page: 449 - End page: 467

Keywords: transition; Central Asia

Jel code: O53; O53

Abstract:

This paper reviews the experience of the five Central Asian countries in the two decades since independence. In the 1990s the five countries looked like a natural experiment. They had similar initial conditions, but different transition strategies. Today that does not appear to have been a useful research agenda, which raises some broader questions for comparative economic studies.

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