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Is it really different? Patterns of regionalisation in the post-Soviet Central Asia

Alexander Libman and Evgeny Vinokurov
Authors registered in the RePEc Author Service: Евгений Юрьевич Винокуров ()

No 155, Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management

Abstract: While the regional economic integration encompassing the former Soviet Union (FSU) transpires to be inefficient, there appears to be a stronger interest in regionalism in smaller groups of more homogenous and geographically connected countries of the region, specifically, Central Asia. Using a new dataset, we find that although the economic links between the Central Asian countries are more pronounced than between that of the CIS in several key areas, this advantage has been disappearing fast over the last decade. In addition, the trend of economic integration of Central Asia strongly correlates to that of the CIS in general. Currently Central Asia should be treated as a sub-region of the post-Soviet world rather than a definite integration region.On the other hand, however, we find that Kazakhstan emerges as a new centre for regional integration, which can bear some potential for regionalism in Central Asia, and that there is an increasing trend towards greater economic interconnections with China in Central Asia.

Keywords: regionalisation; economic integration; post-Soviet space; Central Asia (search for similar items in EconPapers)
JEL-codes: F13 F15 F55 P27 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-dev and nep-tra
References: View references in EconPapers View complete reference list from CitEc
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Journal Article: Is it really different? Patterns of regionalisation in post-Soviet Central Asia (2011) Downloads
Working Paper: Is it really different? Patterns of regionalization in the post-Soviet Central Asia (2010) Downloads
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