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What Uzbekistan tells us about industrial policy that we did not know?

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  • Popov, Vladimir
  • Chowdhury, Anis

Abstract

This paper discusses Uzbekistan’s recent experience with structural shifts and industrial policy, with a particular focus on various industry policy instruments, and its implications for the existing theories of industrial policy. In particular, two major hypotheses are discussed: (1) the hypothesis of Haussmann, Hwang and Rodrik (the more technologically sophisticated the export structure, the better for growth) and (2) the hypothesis of Justin Yifu Lin (export specialization should build on existing comparative advantages and should not jump over the necessary technological stages).

Suggested Citation

  • Popov, Vladimir & Chowdhury, Anis, 2015. "What Uzbekistan tells us about industrial policy that we did not know?," MPRA Paper 67013, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:67013
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    File URL: https://mpra.ub.uni-muenchen.de/67013/1/MPRA_paper_67013.pdf
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    References listed on IDEAS

    as
    1. Murray Gibbs, 2007. "Trade Policy," Policy Notes 7, United Nations, Department of Economics and Social Affairs.
    2. Trushin, Eskender & Carneiro, Francisco, 2013. "Changing for the Better: The Path to Upper-Middle-Income Status in Uzbekistan," World Bank - Economic Premise, The World Bank, issue 119, pages 1-6, June.
    3. Dani Rodrik, 2008. "The Real Exchange Rate and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 365-439.
    4. Yevgeniya Shevtsova, 2012. "International Trade and Productivity: Does Destination Matter?," Discussion Papers 12/18, Department of Economics, University of York.
    5. Dani Rodrik, 2006. "What’s So Special about China’s Exports?," Working Papers id:410, eSocialSciences.
    6. Dani Rodrik, 2006. "What's So Special about China's Exports?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(5), pages 1-19.
    7. Vladimir Popov, 2000. "Shock Therapy Versus Gradualism: The End Of The Debate (Explaining The Magnitude Of Transformational Recession)," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 42(1), pages 1-57, April.
    8. Vladimir Popov, 2007. "Shock Therapy versus Gradualism Reconsidered: Lessons from Transition Economies after 15 Years of Reforms1," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 49(1), pages 1-31, March.
    9. Mushtaq H. Khan, 2007. "Investment and Technology Policies," Policy Notes 5, United Nations, Department of Economics and Social Affairs.
    10. Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1989. "Industrialization and the Big Push," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1003-1026, October.
    11. Popov, V., 2014. "An Economic Miracle in the Post-Soviet Space: How Uzbekistan Managed to Achieve What No Other Post-Soviet State Has," Journal of the New Economic Association, New Economic Association, vol. 21(1), pages 136-159.
    12. Polterovich, Victor & Popov, Vladimir, 2005. "Appropriate Economic Policies at Different Stages of Development," MPRA Paper 20066, University Library of Munich, Germany.
    13. Justin Yifu Lin, 2012. "From Flying Geese To Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries," Global Policy, London School of Economics and Political Science, vol. 3(4), pages 397-409, November.
    14. Siope Vakataki, 'Ofa, 2007. "An effective framework for trade policy in Tonga," MPRA Paper 66182, University Library of Munich, Germany.
    15. Surjit S. Bhalla, 2012. "Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6239.
    16. Indermit S. Gill & Ivailo Izvorski & Willem van Eeghen & Donato De Rosa, 2014. "Diversified Development : Making the Most of Natural Resources in Eurasia," World Bank Publications, The World Bank, number 17193, June.
    17. Dollar, David, 1992. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985," Economic Development and Cultural Change, University of Chicago Press, vol. 40(3), pages 523-544, April.
    18. Bruce C. Greenwald & Joseph E. Stiglitz, 1986. "Externalities in Economies with Imperfect Information and Incomplete Markets," The Quarterly Journal of Economics, Oxford University Press, vol. 101(2), pages 229-264.
    19. Polterovich, Victor & Popov, Vladimir, 2003. "Accumulation of Foreign Exchange Reserves and Long Term Growth," MPRA Paper 20069, University Library of Munich, Germany.
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    More about this item

    Keywords

    Uzbekistan; economic growth; economic diversification; industrial policy; exchange rate policy; wages policy;

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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