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Партнерство для достижения целейУсиление инструментов реализации и возрождение глобального партнерства для устойчивого развития
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The relationship between long-term portfolio investments and growth in the context of asset characteristics and development level

İbrahim Halil SUGÖZÜ

This study investigates the linkage between portfolio investment and economic growth in 18 developed and 27 developing countries. Furthermore, it compares and analyzes interest-bearing and non-interest-bearing assets and the economic development level. The results of our analysis show that long-term portfolio investment is positively associated with economic growth in developing countries. Long-term portfolio investment through non-interest-bearing assets contribute more to economic growth in developing countries. However, stocks and long-term bond portfolio investment are unrelated to economi ...Более

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Relationship between Government Expenditure and Economic Growth in Transition Countries: Case of Kyrgyzstan and Tajikistan = Geçiş Ülkelerinde Devlet Harcamaları ile Ekonomik Büyüme İlişkisi: Kırgızistan ve Tacikistan Örneği = Взаимосвязь между государственными расходами и экономическим ростом в странах с переходной экономикой: на примере Кыргызстана и Таджикистана

Raziyahan ABDİYEVA | Damira BAYGONUŞEVA | Cunus GANİEV

After the collapse oi Soviet Union the membercountries was accompanied by economic and political crises. Each country has chosen own monetary and fiscal policy considering the economic situation. Even though that their economic situation is similar, Kyrgyzstan and Tajikistan are pursuing opposite fiscal policy. More precisely, Kyrgyzstan in recent years has changed its fiscal policy towards expansionary policy, when Tajikistan is continuing contractionary policy. This paper analyses the long and the short-run causality relationships between government expenditure and economic growth in Kyrgyzs ...Более

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