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Why do similar economic and political institutions function differently in various cultures? This paper tries to identify potentially important factors related to the institutional quality. We investigate the relationship between cultures, cultural dimensions: non-tradition in particular, and formal institutions to explain differences in the quality of institutions around the world. We use a measure of traditional values, structured by Inglehart and Baker, from the World Values Survey, to extend the literature on the determinants of institutions' quality. We show that differences in traditiona ...Более
The article presents an illustration of the condition of credit policy of Kyrgyz Republic and how given credits affect to whole economy, because all movements in the economy attached by credits given by commercial banks of Kyrgyz Republic. There is more about analysis of the loans given in the foreign and national currency and their effect to poverty rate. All the more, while there is stagnation in the economy of the world, political confrontation and lack of knowledge of future.-
Keywords: Commercial bank credit, poverty, credit policy, Kyrgyz Republic =
В статье представлен анализ современ ...Более
In many developing countries out of shortage of savings and capital external resources as external debt, foreign direct investment and transfers are play significant role in the fostering economic growth and development. Goal of this paper is to investigate the impact of external public debt, current transfers and foreign direct investments on GDP in the Kyrgyz Republic. Using quarterly data for the period 2000Q1-2017Q3 and the ARDL cointegration approach it was found that a cointegration relation between current transfers, external debt, FDI and GDP. According to results, current transfers’ c ...Более