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dc.contributor.authorDanne, Christianen_US
dc.description.abstractThis 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.en_US
dc.publisherPFH Göttingenen_US
dc.relation.ispartofseriesPFH Forschungspapiere/Research Papers, PFH Private Hochschule Göttingen 2012/04en_US
dc.subject.keywordEconomic institutionsen_US
dc.subject.keywordCentral Asiaen_US
dc.subject.stwInstitutioneller Wandelen_US
dc.titleCommitment devices, opportunity windows, and institution building in Central Asiaen_US
dc.typeWorking Paperen_US
Appears in Collections:PFH Forschungspapiere/Research Papers, PFH Private Hochschule Göttingen

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