Crowding-out (or -in) effect in transition economies: Kyrgyzstan case

Cunus GANİEV

Purpose: The crowding-out and crowding-in effects have been at the core of arguments among economists regarding the influence of government spending on private investment. This study aims to examine the crowding-out (or -in) effect of public spending on private investment in the transition economy of Kyrgyzstan. Design/methodology/approach: The empirical model is an autoregressive distributed lag (ARDL) and the vector autoregression approach (VAR). Monthly data from 2005 to 2013 of the private investment, government expenditures, remittances from abroad and broad money data were used in the em ...More

Fear of success and life satisfaction in terms of self-efficacy

Hasan YILMAZ

The purpose of the present research is presenting the relationships between self-efficacy, fear of success and life satisfaction; and determining the predictive power fear of success and self-efficacy on life satisfaction. For this purpose, self-efficacy, fear of achievement and life satisfaction scales were implemented on 625 individuals. In the analysis of the data, t-test and regression analysis were utilized. According to the findings of the research, there is a negative correlation between self-efficacy and fear of achievement. There is a relationship between all subscales of self-efficac ...More

Tourism, promotion and international public relations

Erkan AKGÖZ

Local opinions on trophy hunting in Kyrgyzstan

Bakıt TURDUMAMBETOV

As traditional international trophy hunting destinations are becoming less accessible due to hunting restrictions and regulations, new destinations are entering the scene, such as the Republic of Kyrgyzstan, located in Central Asia. Kyrgyzstan has grown to be one of the top destinations for international trophy hunting of argali Ovis ammon and ibex Capra sibirica, both of which are in danger of extinction. Empirically, the article draws on a case study from the largest region in Kyrgyzstan, At-Bashy, and 395 questionnaires with local inhabitants from 5 villages, and 1 interview with an interna ...More

Causal link between financial development and economic growth: the case of transition countries

Zamira ÖSKÖNBAYEVA

The financial market is an important element of any market economy. The study of the impact of financial development on the country The main objective of this study is to investigate the causal relationship between financial development, trade openness and economic growth. The empirical analysis of this study consists on panel data of 9 transition countries (Ukraine, Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova and Tajikistan) over the period 1998 to 2015. In order to investigate the causal link between financial development and economic growth a three-stage Panel Gr ...More

Development of the Banking System in Kyrgyzstan: An Historical Review and Current Challenges = Kırgızistan'da Bankacılık Sisteminin Gelişimi: Tarihsel İnceleme ve Güncel Sorunlar

Dastan ASEİNOV | Kamalbek KARIMŞAKOV

Banking in transition economies differs from developing and developed economies with market system. This study aims to review development of the banking system in Kyrgyzstan since independence. The period under consideration is divided into five stages, each of which has a main distinctive aspect. Despite considerable achievements in last fifteen years the banking system still remains vulnerable to external shocks. Moreover, insufficient institutional infrastructure is one of the fundamental factors retarding further development of the banking system.

The Effects of Media on Agenda Setting in Kyrgyzstan = Kırgızistan Örneğinde Medyanın Gündem Kurma Etkisi

Kanışay MUKTAROVA

The research focuses on the influence of the media on the agenda setting in Kyrgyzstan.The media have to he influential on readers and audience in order to he able to protect their own assets and to improve themselves. Thus, they aim at changing the agenda of the target group as they wish. In the studies of the agenda setting, it is discussed that journalists who deal with events or issues can convey them to their target audience and change their agenda. This study was carried out to investigate the role of the media on the agenda setting in the case of Kyrgyzstan. A face-to-face survey of 800 ...More