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This study investigates the impact of exchange rate on aggregate output for a group of 10 transition economies using panel simultaneous equation model. The model is estimated by generalized two-stage least squares method. The annual data used in the study cover the period from 1998 to 2014 for selected transition countries which are: Azerbaijan, Kazakhstan, Kyrgyzstan, Belarus, Georgia, Moldova, Russia, Tajikistan, Ukraine and Latvia. The result of the study indicates that there is a relationship between exchange rate and macroeconomic variables under consideration. It can be concluded that ou ...Более
Renewable energy plays a crucial role in increasing economic growth while reducing carbon dioxide emissions. The aim of this study is to examine the interaction between renewable energy consumption, economic growth and carbon dioxide emissions for selected Middle East and North Africa countries. For this aim, panel vector autoregression approach is used in the study. The annual data used in this study cover the period from 1988 to 2010 for Middle East and North Africa countries. Firstly, second generation unit root test are used to investigate stationarity properties of the variables and secon ...Более
Foreign trade plays an important role in development of each country. Kyrgyzstan, like other transition economies started to open up to foreign countries after achieving it's independence and began to practice it’s own foreign trade policies. But during a 21-year period, a surplus in the trade balance was recorded in 2000 and 2001. In other words, the country's economy has faced a chronic deficit of foreign trade. The main objective of this paper is to study the impacts of domestic income and exchange rate on imports by considering the period after 2000 through econometric method by using of m ...Более
Input-output analysis is an analytical technique widely used both in developed and developing countries which reflects the production consumption relationships of production sectors of a country’s economy. At the same time it is the macroeconomic analysis tool that defines economic relations of each sector by production and consumption. During the process of globalization all developed and developing country economies are trying to open their economies in order to provide their economic development. However, the openness can lead to negative consequences in some countries such as increasing th ...Более