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Is Kazakhstan a Market Economy Yet? Getting warmer….

dc.contributor.authorEicher, Sharonen_US
dc.date.accessioned2006-08-01T16:40:48Z
dc.date.available2006-08-01T16:40:48Z
dc.date.issued2004-04-01en_US
dc.identifier.otherRePEc:wdi:papers:2004-673en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/40059en_US
dc.description.abstractTransition 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.en_US
dc.format.extent44258 bytes
dc.format.extent3151 bytes
dc.format.extent415180 bytes
dc.format.mimetypetext/plain
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dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.relation.ispartofseries673en_US
dc.subjectMarket Economy, Non-market Economy, Kazakhstan, CIS, Kornai, Svejnaren_US
dc.titleIs Kazakhstan a Market Economy Yet? Getting warmer….en_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/40059/3/wp673.pdfen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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