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CDS Seminar Series: PhD Students: Adham Khudaykulov: Nexus of State Regulation and Economic Development in Transition Economies (Speaker Mustafa Basbay - Cancelled due to illness)

When Jan 30, 2020
from 03:30 PM to 05:00 PM
Where B16, David Williams, Law Building
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Adham Khudaykulov abstract


Nexus of State Regulation and Economic Development in Transition Economies


The role of the state in the market affairs has been one of the most discussed, yet highly controversial topics of discussion in the fields of politics, law, and economics throughout recent history. Particularly, the question of state regulatory intervention evokes a spirited debate.

The focal point of the debate has been on the economic impact of the state regulatory intervention. Discourse on the subject often splits the scholarship in the field into various contesting groups. The main purpose of my research is to understand how and to what extent the state regulatory policies in post-soviet transition economies have contributed to their economic progress. As an empirical case, the thesis used five Central Asian economies, namely, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan with a time span of over two decades since their disintegration from the Soviet Union in the early 1990s. In examining the effectiveness of regulatory policies, the research, first, quantitatively assessed the relationship between regulatory policy and economic growth by employing statistical methods and, secondly, qualitatively analyses the legal and institutional frameworks of market regulations and their role in bringing about economic development.