The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...

The study investigates disparities in social development in 144 countries worldwide. In the paper we aim to investigate cross-country differences in social development level in year 2011, as well as to estimate inequalities on the field. Secondly, we assess relative social development level...

Central Asia is a region strategically located in a part of the world which had attracted constantly the attention of superpowers of the world as evidenced by the term the Great Game. The term usually attributed to Arthur Conolly, was used to describe the rivalry and strategic conflict between...

The majority of the developing economies worldwide use foreign capitals inflow so as to achieve economic growth. The host countries proceed to economic and political transformations so as to improve their attractiveness and to become top foreign direct investment destinations. In addition, the...

This paper studies the institutional reform process in Central Asia from a choice perspective. We compare institutional reform processes of Central Asian countries from 1995 to 2006 to those conducted in their neighbouring countries in Central and (South) Eastern Europe, Russia, and the Middle...

This paper is about relationship between official development assistance, foreign direct investment and domestic investment in landlocked and less studied young economies of Central Asia. It is important for donor countries to understand whether their investments induce foreign direct investment...

Using a brand new comprehensive dataset, provided by the Eurasian Development Bank, the paper elaborates on the state of regional integration in Central Asia. We find that although the economic links between the Central Asian countries are more pronounced than between that of the CIS in several...

The aim of the paper is to understand how the structure of government-business relations influences the quality of institutions and economic development in Kazakhstan and Uzbekistan. The paper identifies the key elements of the business community engaged in negotiations with the state, explores...

The paper considers the problem of the integration of markets in Central Asia as a main factor of economic modernization. It first identifies the potential channels of reduction of transaction costs barriers between countries (“models of integration”). Second, it looks at the emergence of...

This study finds that Purchasing Power Parity holds in the long-run for Azerbaijan, Kazakhstan and Kyrgyzstan, based on Breitung’s (2001) rank tests for cointegration. Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. Trade...