All Outputs (21)

Connectedness and inequitable access to formal financing in Uzbekistan (2024)
Book Chapter

The belief that a centrally planned system results in wastefulness whilst a market-based system yields an efficient allocation of resources was central to post-Communist economies’ decisions to transform from a centrally planned to a market-based sys... Read More about Connectedness and inequitable access to formal financing in Uzbekistan.

Money in the early years of the Soviet Union: Barter and back again - A short-lived experiment of transformation (2022)
Book Chapter

In the earlier drafts of the General Theory, Keynes explicitly argued that the classical tradition of distinguishing between real and monetary variables was not helpful in analysing capitalist economies. While developing his ideas about a monetary ec... Read More about Money in the early years of the Soviet Union: Barter and back again - A short-lived experiment of transformation.

Building university research capacity in Uzbekistan (2022)
Book Chapter

By analysing relevant policy documents, official statistics, and primary data from interviews, this chapter tries to explain why higher education remained one of the least reformed areas in Uzbekistan until 2016 and why reforms have accelerated since... Read More about Building university research capacity in Uzbekistan.

Uzbekistan’s development experiment: An assessment of Karimov’s peculiar economic legacy (2021)
Journal Article

Uzbekistan’s unique post-independence experiment with development was led by Islam Karimov until his sudden death in September 2016. Despite defying international advice on structural reforms, under Karimov’s rule, Uzbekistan achieved an average annu... Read More about Uzbekistan’s development experiment: An assessment of Karimov’s peculiar economic legacy.

Does connectedness improve SMEs’ access to formal finance? Evidence from post-communist economies (2018)
Journal Article

© 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group. Evidence suggests that a disproportionately greater share of formal finance is channelled to large enterprises in emerging economies, limiting the flow of appropriately-financed... Read More about Does connectedness improve SMEs’ access to formal finance? Evidence from post-communist economies.

Uzbekistan: Higher education reforms and the changing landscape since independence (2018)
Book Chapter

This chapter is the first study that carefully documents higher education (HE) reforms in Uzbekistan since the demise of the former Soviet Union. It analyses evolution of the sector with clear emphasis on government policy and its impact on changing... Read More about Uzbekistan: Higher education reforms and the changing landscape since independence.

Political connectedness and formal finance in transition economies (2017)
Journal Article

Although small- and medium-sized enterprises (SMEs) represent more than 90% of all enterprises and play an important role in employment generation, they lack access to affordable formal finance. Conventionally, market failures and information imperfe... Read More about Political connectedness and formal finance in transition economies.

Higher education reforms in Uzbekistan: Expanding vocational education at the expense of higher education? (2016)
Journal Article

This short article discusses fundamental reforms undertaking the in higher education system of Uzbekistan since 1991.

Connectedness and SME Financing in Post-Communist Economies: Evidence from Uzbekistan (2015)
Journal Article

© 2015 Taylor & Francis. Abstract: This paper investigates effects of interpersonal links with bureaucrats on SME access to formal finance. A survey of 502 SMEs in post-communist Uzbekistan shows fewer SMEs with government connections express a nee... Read More about Connectedness and SME Financing in Post-Communist Economies: Evidence from Uzbekistan.

A re-evaluation of banking sector developments in transition economics: Intentions and unintended consequences (2014)
Book Chapter

Cost-determined and demand-determined prices: Lessons for the globalized world from development economics (2014)
Book Chapter

Development and Financial Reform in Emerging Economies (2014)
Book

Informal credit institutions in transition countries: A study of urban money lenders in post-communist Uzbekistan (2014)
Journal Article

Research on informal financial institutions in transition economies is scant. This study investigates behaviour of urban money lenders in Uzbekistan. Money lending in Uzbekistan is a relatively new business which emerged mostly in response to targete... Read More about Informal credit institutions in transition countries: A study of urban money lenders in post-communist Uzbekistan.

Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan (2013)
Journal Article

Kazakhstan, the Kyrgyz Republic and Uzbekistan are neighbouring countries in post-Soviet Central Asia which share similar culture and language. Their economic structures were similar under central planning: they provided the agricultural basis to the... Read More about Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan.

A review of banking sector reforms in transition economies (2013)
Preprint / Working Paper

This study critically analyses the intended and unintended consequences of financial sector policy implemented in transition economies (TEs) of Eastern Europe and the Commonwealth of Independent States. Following the policy recommendations of interna... Read More about A review of banking sector reforms in transition economies.

Emerging markets (2012)
Book Chapter

Keeping up with revolutions: Evolution of higher education in Uzbekistan (2010)
Journal Article

Uzbekistan's higher education system has undergone some dramatic changes in the past century, evolving from largely traditional religious colleges to fully state-funded communist-atheist institutions. Since the end of the communist administration and... Read More about Keeping up with revolutions: Evolution of higher education in Uzbekistan.

Banking sector development in Uzbekistan: A case of mixed blessings? (2009)
Journal Article

Using grass-roots-level data, this article analyzes factors that contribute to the current backwardness of the Uzbek banking sector. The study attempts to show that despite considerable progress achieved in terms of modernizing payments systems, embr... Read More about Banking sector development in Uzbekistan: A case of mixed blessings?.

A stages approach to banking development in transition economies (2008)
Journal Article

Credit shortages are widely thought to explain the output contraction in former Soviet Union (FSU) countries during the 1990s. It is argued here that these shortages were the result of an ahistorical approach to policymaking which ignored the time ne... Read More about A stages approach to banking development in transition economies.

The Uzbek puzzle revisited: An analysis of economic performance in Uzbekistan since 1991 (2007)
Presentation / Conference Contribution