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Post-Soviet countries in global and regional institutional competition: The case of Kazakhstan

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  • Libman, Alexander
  • Ushkalova, Daria

Abstract

The paper approaches the problem of differentiation of strategies implemented by individual countries in the institutional competition for foreign investments by looking at the experience of Kazakhstan. It basically focuses on the contradiction between political bias and political survival effects as driving forces for development and implementation of formal economic institutions. Kazakhstan demonstrates how the shift of relative importance of these two aspects significantly influenced the country’s position in competing for FDI. Moreover, the paper looks at the relative importance of individual levels of institutional competition in a globalizing economy.

Suggested Citation

  • Libman, Alexander & Ushkalova, Daria, 2009. "Post-Soviet countries in global and regional institutional competition: The case of Kazakhstan," MPRA Paper 12595, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:12595
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    File URL: https://mpra.ub.uni-muenchen.de/12595/1/MPRA_paper_12595.pdf
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    References listed on IDEAS

    as
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    4. Libman, Alexander, 2007. "Institutional competition in the post-Soviet space," MPRA Paper 10936, University Library of Munich, Germany.
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    8. Matthew O. Jackson & Massimo Morelli, 2007. "Political Bias and War," American Economic Review, American Economic Association, vol. 97(4), pages 1353-1373, September.
      • Jackson, Matthew O. & Morelli, Massimo, "undated". "Political bias and war," Working Papers 1247, California Institute of Technology, Division of the Humanities and Social Sciences.
    9. Heine, Klaus, 2006. "Interjurisdictional competition and the allocation of constitutional rights: A research note," International Review of Law and Economics, Elsevier, vol. 26(1), pages 33-41, March.
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    Citations

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    Cited by:

    1. Vinokurov, Evgeny & Libman, Alexander, 2012. "Eurasian Integration: Challenges of Transcontinental Regionalism," MPRA Paper 61639, University Library of Munich, Germany.
    2. Libman, Alexander, 2009. "Models of market integration in Central Asia – comparative performance," MPRA Paper 17510, University Library of Munich, Germany.
    3. Stark, Manuel & Ahrens, Joachim, 2012. "Economic reform and institutional change in Central Asia: Towards a new model of the developmental state?," PFH Forschungspapiere/Research Papers 2012/05, PFH Private University of Applied Sciences, Göttingen.
    4. Aktoty Aitzhanova & Shigeo Katsu & Johannes F. Linn & Vladislav Yezhov (ed.), 2014. "Kazakhstan 2050: Toward a Modern Society for All," Books, Emerging Markets Forum, edition 1, number kazakh2050, May.

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    More about this item

    Keywords

    Institutional competition; FDI policy; post-Soviet transition;
    All these keywords.

    JEL classification:

    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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