EconStor >
PFH Private Hochschule Göttingen >
PFH Forschungspapiere/Research Papers, PFH Private Hochschule Göttingen >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/58056
  
Title:Commitment devices, opportunity windows, and institution building in Central Asia PDF Logo
Authors:Danne, Christian
Issue Date:2012
Series/Report no.:PFH Forschungspapiere/Research Papers, PFH Private Hochschule Göttingen 2012/04
Abstract:This paper studies the institutional reform process in Central Asia from 1995 to 2006. I compare the institutional reform processes of Central Asian countries to those conducted in their neighbouring countries of Central and (South) Eastern Europe, and the Middle East. The paper identifies contemporaneous factors responsible for the persistence of poor institutional arrangements. Second, the paper identifies factors that have acted as commitment devices in order to achieve and sustain institutional change over the last decade. It is argued that deficiencies in the education system, and preferences of individuals and politicians are responsible for the persistence of poor institutional arrangements. External factors such as real and financial openness, fixed exchange rates, and international agreements have provided a disciplining effect for policy makers to improve institutional arrangements in Central Asia, despite poor initial conditions. Finally, there is some evidence that large external shocks may help to shift preferences towards more reliable institutional settings.
Subjects:Economic institutions
reforms
Central Asia
JEL:H11
O10
P20
Document Type:Working Paper
Appears in Collections:PFH Forschungspapiere/Research Papers, PFH Private Hochschule Göttingen

Files in This Item:
File Description SizeFormat
715366955.pdf3.42 MBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/58056

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.