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The Economics and Politics of Oil in the Caspian Basin

Author

Listed:
  • Boris Najman

    () (CES - Centre d'économie de la Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP1 - Université Panthéon-Sorbonne)

  • Richard Pomfret

    () (University of Adelaide)

  • Gael Raballand

    () (Centre de recherche de la Banque Mondiale - Banque Mondiale)

Abstract

The energy exporting countries of the Caspian Basin were among those countries which suffered the most severe fall in output during the transition from central planning. At the same time they tended to rank well below average in the degree to which they pursued economic reform, as measured, for example by the EBRD transition indicators. Since the late 1990s, however, they have enjoyed some of the highest output growth rates in the world - this is especially true of Azerbaijan, Kazakhstan and (albeit discounting the official data) Turkmenistan, and to a lesser extent Russia and Uzbekistan. This book addresses the question of whether the oilboom-driven growth is sustainable and can provide a platform for long-term economic development, or whether the Caspian Basin countries will be blighted by the resource curse.

Suggested Citation

  • Boris Najman & Richard Pomfret & Gael Raballand, 2007. "The Economics and Politics of Oil in the Caspian Basin," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00266724, HAL.
  • Handle: RePEc:hal:cesptp:hal-00266724
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00266724
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    Citations

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    Cited by:

    1. Kseniia Ursulenko, 2010. "Regional Development in Kazakhstan," Memoranda - Policy Papers 47, Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    2. György Simon, Jr, 2010. "On The Customs Union Of Belarus, Kazakhstan And Russia," Economic Annals, Faculty of Economics, University of Belgrade, vol. 55(184), pages 7-28, January –.
    3. Richard Pomfret, 2011. "Exploiting Energy and Mineral Resources in Central Asia, Azerbaijan and Mongolia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 53(1), pages 5-33, March.
    4. Shantayanan Devarajan, Hélène Ehrhart, Tuan Minh Le, Gaël Raballan, 2011. " Direct Redistribution, Taxation, and Accountability in Oil-Rich Economies- A Proposal- Working Paper 281," Working Papers 281, Center for Global Development.
    5. Aldashev, Alisher & Dietz, Barbara, 2011. "Determinants of internal migration in Kazakhstan," MPRA Paper 34922, University Library of Munich, Germany.
    6. Aldashev, Alisher & Dietz, Barbara, 2014. "Economic and spatial determinants of interregional migration in Kazakhstan," Economic Systems, Elsevier, vol. 38(3), pages 379-396.

    More about this item

    Keywords

    Oil Boom; redistribution; central asia; governance;

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