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Is it really different? Patterns of regionalisation in the post-Soviet Central Asia

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  • Libman, Alexander
  • Vinokurov, Evgeny

Abstract

While the regional economic integration encompassing the former Soviet Union (FSU) transpires to be inefficient, there appears to be a stronger interest in regionalism in smaller groups of more homogenous and geographically connected countries of the region, specifically, Central Asia. Using a new dataset, we find that although the economic links between the Central Asian countries are more pronounced than between that of the CIS in several key areas, this advantage has been disappearing fast over the last decade. In addition, the trend of economic integration of Central Asia strongly correlates to that of the CIS in general. Currently Central Asia should be treated as a sub-region of the post-Soviet world rather than a definite integration region.On the other hand, however, we find that Kazakhstan emerges as a new centre for regional integration, which can bear some potential for regionalism in Central Asia, and that there is an increasing trend towards greater economic interconnections with China in Central Asia. --

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Bibliographic Info

Paper provided by Frankfurt School of Finance and Management in its series Frankfurt School - Working Paper Series with number 155.

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Date of creation: 2010
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Handle: RePEc:zbw:fsfmwp:155

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Keywords: regionalisation; economic integration; post-Soviet space; Central Asia;

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References

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  1. David Jay Green, 2001. "Regional co-operation policies in Central Asia," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(8), pages 1151-1164.
  2. Ian Babetskii & Oxana Babetskaia-Kukharchuk & Martin Raiser, 2003. "Transition and international integration in eastern Europe and the former Soviet Union," Working Papers 83, European Bank for Reconstruction and Development, Office of the Chief Economist.
  3. Lorenz, Detlef, 1992. "Economic Geography and the Political Economy of Regionalization: The Example of Western Europe," American Economic Review, American Economic Association, vol. 82(2), pages 84-87, May.
  4. Michalopoulos, Constantine & Tarr, David, 1997. "The economics of customs unions in the Commonwealth of Independent States," Policy Research Working Paper Series 1786, The World Bank.
  5. Grafe, Clemens & Raiser, Martin & Sakatsume, Toshiaki, 2008. "Beyond borders--Reconsidering regional trade in Central Asia," Journal of Comparative Economics, Elsevier, vol. 36(3), pages 453-466, September.
  6. Kevin H. O'Rourke & Jeffrey G. Williamson, 2000. "When Did Globalization Begin?," NBER Working Papers 7632, National Bureau of Economic Research, Inc.
  7. Vinokurov, Evgeny, 2010. "The System of Indicators of Eurasian Integration," MPRA Paper 22227, University Library of Munich, Germany.
  8. Gaël Raballand & Agnès Andrésy, 2007. "Why should trade between Central Asia and China continue to expand?," Asia Europe Journal, Springer, vol. 5(2), pages 235-252, June.
  9. Libman, Alexander & Vinokurov, Evgeny, 2010. "Holding together regionalism and the interaction of functional bureaucracies," MPRA Paper 23217, University Library of Munich, Germany.
  10. Vinokurov, Evgeny, 2009. "The CIS Common Electric Power Market," MPRA Paper 20910, University Library of Munich, Germany.
  11. Herrmann-Pillath, Carsten, 2006. "Endogenous regionalism," Journal of Institutional Economics, Cambridge University Press, vol. 2(03), pages 297-318, December.
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Cited by:
  1. Kostka, Genia & Moslener, Ulf & Andreas, Jan G., 2011. "Barriers to energy efficiency improvement: Empirical evidence from small-and-medium sized enterprises in China," Frankfurt School - Working Paper Series 178, Frankfurt School of Finance and Management.
  2. Libman, Alexander & Kozlov, Vladimir & Schultz, André, 2012. "Roving bandits in action: Outside option and governmental predation in autocracies," Frankfurt School - Working Paper Series 190, Frankfurt School of Finance and Management.
  3. Böing, Philipp & Müller, Elisabeth, 2012. "Technological Capabilities of Chinese Enterprises: Who is Going to Compete Abroad?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62081, Verein für Socialpolitik / German Economic Association.
  4. Harhoff, Dietmar & Mueller, Elisabeth & Van Reenen, John, 2012. "What are the channels for technology sourcing? Panel data evidence from German companies," Frankfurt School - Working Paper Series 187, Frankfurt School of Finance and Management.
  5. Boeing, Philipp & Mueller, Elisabeth & Sandner, Philipp, 2012. "What makes Chinese firms productive? Learning from indigenous and foreign sources of knowledge," Frankfurt School - Working Paper Series 196, Frankfurt School of Finance and Management.
  6. Rainer Schweickert & Inna Melnykovska & Hedwig Plamper, 2012. "External Drivers of Institutional Change in Central Asia – Regional Integration Schemes and the Role of Russia and China," Kiel Working Papers 1763, Kiel Institute for the World Economy.
  7. Inklaar, Robert & Koetter, Michael & Noth, Felix, 2012. "Who's afraid of big bad banks? Bank competition, SME, and industry growth," Frankfurt School - Working Paper Series 197, Frankfurt School of Finance and Management.
  8. Vinokurov, Evgeny, 2010. "The Evolution of Kаzakhstan's Position on Relations with Russia in 1991-2010," MPRA Paper 22187, University Library of Munich, Germany.

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