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Reduced inequalitiesReduce inequality within and among countries
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What Defines the University Choice? The Case of Higher Education in Kyrgyzstan

Seyil NAJİMUDİNOVA | Rita İSMAİLOVA | Zamira ÖSKÖNBAYEVA

This study analysed the effectiveness of university promotion methods and factors affecting applicants' choices. The study used a quantitative approach with a sample of 7839 university applicants. Results show that the most influential factor affecting university choice is the economic factors such as tuition fees, scholarships, etc.; nevertheless, family income is not among them. Education quality and academic staff also affect the choice. Besides, there were differences in the factors such as gender, region, family structure and secondary school background of the applicants.

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Remittances and Economic Growth in Transition Countries

Kamalbek KARIMŞAKOV

Migrants' remittances have become an important development tool because they can raise income and reduce poverty rates in developing countries. These remittances might also promote development by providing funds that recipients can spend on education or health care or invest in entrepreneurial activities. Thus, workers' remittances are a steadily growing external source of capital for developing countries. In spite of the fact that importance of remittances in total international capital flows are increasing, the relationship between remittances and growth has not been adequately studied. The ...More

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The causal effects of education on wages: Evidence from Kyrgyzstan

Zamira ÖSKÖNBAYEVA

This study uses a Mincerian earnings function to estimate the effect of education and experience on the wages of women working in developed business and trade center of Bishkek, Kyrgyztan. It employs a robust median regression and M Regression to estimate the functions for both public and private sectors. The paper also estimates the function using a least squared regression for comparison. Findings/Originality: The results show that returns to education for women employees in the private sector are higher than that of in the public sector. In contrast, the returns to experience for women empl ...More

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Global financial economic crisis transmission on the transition economy: Case of the Kyrgyz Republic

Cunus GANİEV

Purpose The global financial crisis hit the economy of the Kyrgyz Republic by the third wave of its transmission in early 2009. The purpose of this study is to examine the impact of the global financial economic crisis on the transition economy of the Kyrgyz Republic. As there is a low level of the Kyrgyz Republic's integration into the global financial and economic processes, it is obvious that channels of transmissions are different. Design/methodology/approach The empirical model is the vector autoregression approach. The quarterly data from 2005 to 2013 of the remittances from abroad, t ...More

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