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Doç. Dr. Kamalbek KARIMŞAKOVİktisadi ve İdari Bilimler Fakültesi
Economics and BusinessKyrgyz-Turkish Manas University Institutional Collection
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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 ...More

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A Social Accounting Matrix for Kyrgyzstan for 2010

Kamalbek KARIMŞAKOV

The main aim of this paper is to construct a latest Social Accounting Matrix (SAM) for Kyrgyzstan economy for the year 2010. The constructed SAM shows the interaction between production, income, consumption and capital accumulation in the economy. The dataset for the SAM is mainly based on the input-output table and national account system data for the country. The SAM can be used to provide an analysis of the interrelationship between the production structure of the economy and the distribution of incomes and expenditures of different household groups in the country. In addition, it can be us ...More

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Remittances and labor supply of the left-behind youth: Evidence from Kyrgyzstan

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA | Raziyahan ABDİYEVA

This paper examines whether remittances from international migration impact on the occupational choice of left-behind youth in Kyrgyzstan. Labor supply is analyzed both at the extensive and intensive margins using cross-sectional data for 2011. To overcome endogeneity concerns, an instrumental variable approach was implemented. Findings demonstrate that migration, rather than remittances, pushes the left-behind youth to become unpaid family workers. This is explained by the substitution effect as the youth left behind are called upon to replace the migrant labor. Moreover, this effect is heter ...More

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Forecasting stock index movement with artificial neural networks: The case of İstanbul stock exchange = Yapay sinir ağları yöntemi ile menkul kıymetler borsası endeksinin değişim yönü tahmini: İstanbul menkul kıymetler borsası örneği

Kamalbek KARIMŞAKOV

This study aims to examine performance of artificial neural networks (ANN) in forecasting stock market index movement. The forecasting is based on two samples of Istanbul Stock Exchange (ISE) data and each consisting of 150 observations. Forecasting performance is assessed in one, five and ten day periods. Results show that ANN gives high percentage of correctly forecasted signs. This performance is particularly evident in five days period, while conventional approach mostly uses next day forecasting. These results imply that for more efficient forecasting with ANN use of different time period ...More

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Gender differences, risk attitude and entrepreneurship in Kyrgyzstan

Raziyahan ABDİYEVA | Burulça SULAYMANOVA | Kamalbek KARIMŞAKOV

This study analyses the role of risk attitude for entrepreneurship by gender differences in Kyrgyzstan. Logit analysis is applied to the cross-sectional data set drawn from the nationally representative survey for 2011. Entrepreneurship is measured by the self-employment activities and analysed by the agricultural and non-agricultural sample. Results of the study show that more risk-taking preferences are associated with higher entrepreneurship probability. However, this effect is not persistent for women in further estimations for non-agricultural entrepreneurship sample, while for men higher ...More

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The school-to-work transition, overeducation and wages of youth in Kyrgyzstan

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA

Purpose The purpose of this paper is twofold: first, it analyses the relationship between educational level, the school-to-work transition period for youth and positions which suffer from an education-job mismatch in Kyrgyzstan; and second, it investigates the effect of the education-job mismatch on the wages of youth in Kyrgyzstan. Design/methodology/approach The study uses the International Labor Organization 2013 data from the school-to-work transition survey for Kyrgyzstan. The Kaplan-Meier failure analysis is employed to demonstrate the relationship between school-to-work transition and m ...More

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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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Determinants of Innovation Activity of Small and Medium-Sized Enterprises in Small Post-Soviet Countries

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA | Dastan ASEİNOV

This paper aims to study the determinants of innovation activity of small and medium-sized enterprises in five small post-Soviet countries. Empirical analysis is based on the data from the fifth wave of the Business Environment and Enterprise Performance Survey. Innovation of SMEs is measured with five innovation practices. For each aspect of innovation probit model is applied. Estimation results shows that experience of managers has curvilinear effect on the innovation in SMEs. Moreover, foreign participation, export orientation and competitiveness in sectors are indicated as important condit ...More

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Факторы рассогласования уровня образования и занятости среди молодежи в Киргизской Республике

Burulça SULAYMANOVA | Kamalbek KARIMŞAKOV

Цель: выявление и анализ несоответствий между уровнем образовательных услуг и потребностями рынка труда в Киргизской Республике. Методы: эмпирический анализ основан на анкетных данных, собранных Международной организацией труда в 2013 г. для анализа проблемы перехода молодежи Киргизской Республики от образовательной системы к рынку труда. Для оценки факторов рассогласования образования и занятости используется пробит-модель с множественными альтернативами.Результаты: статья посвящена анализу проблемы несбалансированности предложения и спроса на рынке труда, а именно рассогласованию между социа ...More

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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.

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