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Economics and BusinessКыргызско-Турецкий университет «Манас» Коллекция учреждения
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World Nomad Games As An Emerging Large-Scale Event and Its Role for Tourism Development in Kyrgyzstan

Azamat MAKSUDUNOV | Kıyalbek DIYKANOV

The World Nomad Games (WNG) is a new emerging large-scale event in the world, where ethnic sports can be exhibited. It was started in 2014 and until today WNG has been organized three times (2014, 2016, and 2018) in Kyrgyz Republic. Actually, these kinds of events have economic and noneconomic impacts on the destinations. In this chapter, the WNG role for tourism development in Kyrgyz Republic will be investigated. Kyrgyz Republic as a tourism destination was opened in 1991 after the collapse of the USSR. Today, tourism is identified among the priority sectors in the country. However, our coun ...Более

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Employment Vulnerability and Earnings in Kyrgyzstan

Kamalbek KARIMŞAKOV

Employment vulnerability is considered as working under inadequate conditions. This research examined the impact of employment vulnerability on earnings with special reference to gender-based differences. Analyses were based on panel data for 2010-2013 and 2016 from the household survey. A panel data fixed-effects model with instrumental variable within the Lewbel (2012) method was applied to estimate an earnings equation. Results indicates negative impact of employment vulnerability on earnings. Women experienced this negative effect more severely. Given these empirical findings, government l ...Более

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Exploring the impact of university support on students' entrepreneurial intentions: evidence from Kyrgyzstan

Azamat MAKSUDUNOV

Whether university support is meaningful in increasing students' entrepreneurial intentions (EI) remains largely under-investigated, especially in the context of Central Asian countries. In this study, we attempted to address this question by examining the effects of university support (comprised of educational support, concept development support, and business development support) on students' EI. We employed a structured questionnaire to collect data from 793 student respondents enrolled in 13 universities in Kyrgyzstan and performed descriptive and inferential statistical analyses. Our anal ...Более

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Energy consumption and economic growth: The case of transition economies

Hakan ÇETİNTAŞ

This study investigates the causality relationship between energy consumption and economic growth in 17 transition countries, which are Albania, Armenia, Belarus, Bulgaria, Czech Republic, Estonia, Hungary, Kazakhstan, Kyrgyz Republic, Latvia, Moldova, Poland, Romania, Russian Federation, Slovenia, Ukraine, and Georgia. Empirical findings indicate that there is unidirectional causality from economic growth to energy consumption in the long run. The results support for conservation hypothesis suggests that energy conservation policies have no effect on economic growth. They can simultaneously a ...Более

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A case study of foreign direct investment in Kyrgyzstan

İbrahim KELEŞ

For developing or poor countries that do not have substantial natural resources that can be used in their economic development, foreign direct investment (FDI) may play an important role considering the inability of such countries to modernize their industries and produce industrialized products. One the benefits of FDI is the opportunity for local firms to learn from experiences and capabilities of foreign firms. Kyrgyzstan is a poor and newly independent country of the former Soviet Union (FSU). This region is one of the last areas to which foreign investments have been flowing. Garibaldi et ...Более

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A Comparative Analysis of Productivity Growth, Catch-Up, and Convergence in Transition Economies

Ertuğrul DELİKTAŞ

The paper examines the macroeconomic performance of 25 transition economies using a comparable data set. In order to see whether transition to a market-based economy increased economic efficiency, technical progress, and total factor productivity (TFP), we estimate efficiency measures for Eastern European and Baltic countries and the republics of the former Soviet Union using stochastic frontier analysis (SFA) and data envelopment analysis as a confirmatory analysis. According to the SFA estimates, the average annual efficiency level for the 25 transition economies is 0.548, and the average an ...Более

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Persistence in inflation: Does Aggregation Cause Long Memory?

Mehmet BALCILAR

This paper examines persistence in Turkish inflation rates using data from consumer and wholesale price indices. The inflationary process in Turkey is believed to be highly inertial, which should lead to strongly persistent inflation series. Persistence of seventy-five inflation series at various aggregation levels is examined by estimating models that allow long memory through fractional differencing. The order of fractional differencing is estimated using several semiparametric and maximum likelihood methods. Persistence of each series is evaluated using the time required for a given percent ...Более

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Multifractality of the Istanbul and Moscow Stock Market Returns

Mehmet BALCILAR

There is a growing awareness among financial researchers that the traditional models of asset returns cannot capture essential time series properties of the current stock return data. We examine commonly used models, such as the autoregressive integrated moving average (ARIMA) and the autoregressive conditional heteroskedasticity (ARCH) family, and show that these models cannot account for the essential characteristics of the real Istanbul Stock Exchange and Moscow Stock Exchange returns. These models often fail, and when they succeed, they do at the cost of an increasing number of parameters ...Более

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The quality of higher education in Kyrgyzstan through the eyes of students

Anara MOMUNALİEVA | Anarkül URDALETOVA | Rita İSMAİLOVA

In this study, the perceived quality of higher education in the Kyrgyz Republic was analysed from the students' perspective. The factors affecting the university choice as well as factors defining the perceived quality of education were investigated using a quantitative approach. The results of the study revealed that students perceive the quality of higher education in the country as rather satisfactory. The difference was observed among responses collected from different universities. Besides, the satisfaction of students from universities located in different regions differs: surprisingly, ...Более

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