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


  • Richard Pomfret


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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  • Richard Pomfret, 2010. "Constructing Market-based Economies in Central Asia: A Natural Experiment?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 7(2), pages 449-467, December.
  • Handle: RePEc:liu:liucej:v:7:y:2010:i:2:p:449-467

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    More about this item


    transition - Central Asia;

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General


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