External Debt and Economic Growth in Transition Countries: Case of Kyrgyzstan

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’ contribution to the country’s economy is more than government debts. It is suggested that the government should focus more on foreign direct investments than foreign debts and current transfers by considering the long term.

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Publication Name
(dc.title)
External Debt and Economic Growth in Transition Countries: Case of Kyrgyzstan
Author/s
(dc.contributor.yazarlar)
Junus GANİEV, Damira BAİGONUSHOVA, Nurbek MADMAROV, Raziiakhan ABDİEVA
Publication type
(dc.type)
Makale
Language
(dc.language)
İngilizce
Publication year
(dc.date.issued)
2020
National/International
(dc.identifier.ulusaluluslararasi)
Ulusal
Source
(dc.relation.journal)
MANAS Journal of Social Studies (MJSS) - MANAS Sosyal Araştırmalar Dergisi
Number
(dc.identifier.issue)
1
Volume/Issue
(dc.identifier.volume)
9
Page
(dc.identifier.startpage)
60-75
ISSN/ISBN
(dc.identifier.issn)
ISSN: 1694-7215
Publisher
(dc.publisher)
Kyrgyz - Turkish Manas University
Databases
(dc.contributor.veritaban)
Ulakbim (DergiPark)
Databases
(dc.contributor.veritaban)
EBSCOHost
Index Type
(dc.identifier.index)
Alan Indeks
Abstract
(dc.description.abstract)
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’ contribution to the country’s economy is more than government debts. It is suggested that the government should focus more on foreign direct investments than foreign debts and current transfers by considering the long term.
URL
(dc.rights)
https://dergipark.org.tr/tr/pub/mjss/issue/52092/581860
Faculty / Institute
(dc.identifier.fakulte)
İktisadi ve İdari Bilimler Fakültesi
Department
(dc.identifier.bolum)
İktisat Bölümü
Author(s) in the Institution
(dc.contributor.author)
Cunus GANİEV
Author(s) in the Institution
(dc.contributor.author)
Damira BAYGONUŞEVA
Author(s) in the Institution
(dc.contributor.author)
Nurbek MADMAROV
Author(s) in the Institution
(dc.contributor.author)
Raziyahan ABDİYEVA
Kayıt No
(dc.identifier.kayitno)
BLC012FFDE
Record Add Date
(dc.date.available)
2020-02-07
Notes (Publication year)
(dc.identifier.notyayinyili)
2020
Subject Headings
(dc.subject)
external debt
Subject Headings
(dc.subject)
foreign direct investment
Subject Headings
(dc.subject)
current transfers
Subject Headings
(dc.subject)
economic growth
Subject Headings
(dc.subject)
Kyrgyzstan
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