This paper studies the institutional reform process in Central Asia from 1995 to 2006. I compare the institutional reform processes of Central Asian countries to those conducted in their neighbouring countries of Central and (South) Eastern Europe, and the Middle East. The paper identifies...

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 suggests a broad concept of transition that is built upon the techno-economic paradigm framework, and defines transition as that institutional change process during which the 'match' between a new technology and institutions is attained. It is argued that the post-socialist transition...

Being a member of the thriving ASEAN and successfully implementing economic renovation (Doi Moi) have drawn the world's attention on Vietnam around the turn of the millennium. Some even expected a much faster pace of transformation, and renewed economic, AND political, reforms in Vietnam, or Doi...

This paper presents a dynamic model based on the utility maximum decisions of both the government and private sectors to study the optimal withdrawing path of state-owned capital in economic transition. Numerical simulation shows that: (1) an optimal transition path still exists when treating...

The quality of institutions is considerable worse in Central Asia than in other transition countries. Based on a panel of 25 transition countries for the period from 1996 to 2005, this paper shows that oil and aid exert a negative influence on institutional development. At the same time,...

Der Bericht befasst sich mit der Wirtschaftslage und den Reformprozessen nach den Anschlägen vom 11. September in den Ländern Zentralasiens. Es wird dargestellt, welchen Stand die wirtschaftliche Entwicklung erreicht hat und welche Probleme in der zentralasiatischen Region bislang ungelöst...

When reforming their own countries, several observers, ideologues and politicians in former socialist countries have pointed to Sweden as a blueprint. It is then believed that Sweden, or the "Swedish model", has combined the efficiency, dynamism and flexibility or capitalist market economies...

This study discusses some of the factors that potential investors look at when trying to determine whether to invest in a particular country. The focus is on eleven countries in Southeastern Europe. Statistics from the 2003 Index of Economic Freedom for these eleven countries are examined from...

More than 100 countries are competing for foreign direct investment. One of the factors that adversely affects the ability to attract foreign capital is the lack of credibility of reported financial information. This barrier is especially prevalent in transition economies, since they have not...