Chapter

Reforming Resource-Abundant Transition Economies: Kazakhstan and Uzbekistan

Richard M. Auty

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI: http://dx.doi.org/10.1093/0199275785.003.0016

Series: WIDER Studies in Development Economics

Reforming Resource-Abundant Transition Economies: Kazakhstan and Uzbekistan

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This chapter examines the impact of natural resources on transition reform in Kazakhstan and Uzbekistan using the rapid reform model. Natural resource endowment was incorporated into the model to improve its explanatory power. It is shown that both countries delayed reform, and had higher levels of rent-seeking behaviour and corruption compared with resource-deficient countries in Eastern Europe and East Asia.

Keywords: Kazakhstan; Uzbekistan; economic reform; resource-abundant countries; natural resources; transition economies

Chapter.  7629 words. 

Subjects: Economic Development and Growth

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