The Uzbek Growth Puzzle
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The Uzbek Growth Puzzle
Author: Mr.Jeronimo Zettelmeyer
language: en
Publisher: International Monetary Fund
Release Date: 1998-09-01
After the break-up of the Soviet Union, Uzbekistan’s output fell less than in any other former Soviet Republic, and growth turned positive in 1996/97. Given the country’s hesitant and idiosyncratic approach to reforms, this record has suprised many observers. This paper first shows that a standard panel model of growth in transition systematically underpredicts Uzbek growth from 1992-1996, confirming the view that Uzbekistan’s performance consitutes a puzzle. It then attempts to resolve the puzzle by appropriately extending the model. The main result is that Uzbekistan’s output performance was driven by a combination of low initial industrialization, its cotton production, and its self-sufficiency in energy.
Uzbekistan
Uzbekistan more than any other country in the area is likely to play a critical role in shaping Central Asia's future. Situated at the heart of the region and sharing borders with all the other Central Asian states, Uzbekistan is the most powerful and populous of the new states of Central Asia. In this volume, the historical origins of Uzbekistan are explored and the range of political, economic and social challenges faced by the country since independence is charted. Particular attention is given to the emergence of highly authoritarian politics in the country and the implications of this regime for the prospects of economic development, ethnic peace, and the growth of political Islam. The emergence of Tashkent as a force in the international system and the importance of Uzbekistan to other countries in the area, to regional powers and to the leading western countries and international organizations is also examined.
Competition, Corporate Governance, and Regulation in Central Asia
Author: Harry G. Broadman
language: en
Publisher: World Bank Publications
Release Date: 2000
Like many Central Asian republics, Uzbekistan has adopted a gradual, cautious approach in its transition to a market economy. It has had some success attaining macroeconomic stability, but microeconomic reforms have lagged behing. It is time to accelerate structural reform.