IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpdc/0403008.html
   My bibliography  Save this paper

Is Kazakhstan a Market Economy Yet? Getting Warmer ...

Author

Listed:
  • Sharon Eicher

    (KIMEP)

Abstract

Transition from planned to a market economy is an evolutionary process. Evolutions do not have finite beginning and ending points. We may look to the beginning of transition in 1991 when the Soviet Union broke up, or we may see it as beginning earlier, when the Soviet Union began to allow its firms to engage in private sales of output that exceeded state plans and to independently take part in international trade agreements. At what point do we say that transition is complete? Hence, it is quite difficult to say when any country begins and completes its transition. The United States and the European Union have categorized Kazakhstan differently with regard to its degree of transition. The United States removed non market economy status from Kazakhstan, whereas the EU gave Kazakhstan an intermediate status. The first question that this work asks is how do these political bodies rank a country's market orientation, and how did they arrive at different conclusions? These results are then compared to what transitional economists have to say on the evolution from a planned to a market economy. The second question is, how do theoretical, academic economists differ in their analysis of the transition process? By creating unique criteria sets from several papers, can one say that, according to any set, Kazakhstan is a market economy? We conclude that the reform process in Kazakhstan is still underway. The government and the economy have experienced many radical reforms, but none completely satisfies the necessary conditions for being categorized as a market economy.

Suggested Citation

  • Sharon Eicher, 2004. "Is Kazakhstan a Market Economy Yet? Getting Warmer ...," Development and Comp Systems 0403008, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0403008
    Note: Type of Document - doc; pages: 18. Review of criteria that may be used for categorizing if a transition economy is or is not a 'market economy' or if it is still in transition.
    as

    Download full text from publisher

    File URL: http://econwpa.repec.org/eps/dev/papers/0403/0403008.pdf
    Download Restriction: no

    File URL: http://econwpa.repec.org/eps/dev/papers/0403/0403008.ps.gz
    Download Restriction: no

    File URL: http://econwpa.repec.org/eps/dev/papers/0403/0403008.doc.gz
    Download Restriction: no

    References listed on IDEAS

    as
    1. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    transition market economy non-market economy Kornai de Melo Frydman Rapaczynski Lavigne Svejnar;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpdc:0403008. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: http://econwpa.repec.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.