scholarly journals Analysis and Modeling of Uneven Economic Growth of the Regions of the Kyrgyz Republic in the New Conditions

2019 ◽  
Author(s):  
Kalybek Choroev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Climatic Conditions ◽  
Density Level ◽  
Kyrgyz Republic ◽  
Size Population ◽  
Level Of Economic Development ◽  
Labor Resources ◽  
Working Out

During the years of independence, the unevenness (asymmetry) of the economic development of the regions of the Kyrgyz Republic sharply increased, the multiple gap between the regions increased according to the most important indicators of regional production, income level and poverty, the quality of life of the population. Regions of the country vary significantly in size, population size and density, level of economic development, natural and climatic conditions, national and historical features. All this causes significant differences in the needs of budget financing and tax bases of individual regions. Smoothing economic asymmetry is one of the most important issues of public administration. The core of the research toolkit should be the economic and mathematical model of economic growth in the region. In regional studies, the following factors of economic growth can be identified: natural resources; labor resources; main capital; volume of investment. In addition, new methods of overcoming socio-economic asymmetry include working out the mechanism of effective public-private partnership and everywhere to introduce long-term planning for the development of the region's economy. The preservation and development of the country as a state largely depends on the effective regional policy implemented in the country.

scholarly journals THE BUSINESS ENVIRONMENT OF THERUSSIAN-BELARUSIAN BORDER IN THE CONTEXT OF INTERSTATE INTEGRATION

2020 ◽  
Vol 6 ◽  
pp. 656
Author(s):  
Anton Kuzavko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Environment ◽  
Border Zone ◽  
Business Climate ◽  
Border Regions ◽  
Level Of Economic Development ◽  
Labor Resources ◽  
The One ◽  
Economic Growth Rates

The problem considered in the article is expressed in contradiction. On the one hand, the border position of the regions provides additional opportunities for the implementation of business ideas of international trade and cooperation. On the other hand, it can significantly change the business environment in comparison with other regions of the state, increasing competition and creating additional risks for entrepreneurs. The analysis explains the reason for the lag in the level of economic development of these regions from the national one. The aim of the study is to find evidence of hypothesis that the inter-metropolitan and at the same time border position of the regions of the two states engaged in political and economic integration negatively affects the economic development and business climate of these territories, stimulates the outflow of capital and labor resources - key factors of production. To achieve the goal, various methods are used, such as in-depth interviewing, questions from entrepreneurs, a retrospective analysis of historical facts of interstate interaction, but this article describes the results of the study obtained in the course of statistical analysis. This article discusses the elements of the business environment that directly or indirectly affect the behavior of economic and their desire to build and develop business in the border areas of Russia and Belarus. It is shown that over the years of integration, the economic growth rates of the Russian-Belarusian border regions lagged behind the national ones. Wages remained lower than the national average. This provokes the outflow of intellectual capital - the most important element of the business environment. Thus, the article shows that the integration of Russia and Belarus, despite the overall positive effect for the two states, limits the rate of economic growth in the border zone.  

scholarly journals Education and Economic Growth: Case of Kyrgyzstan

2017 ◽  
Author(s):  
Raziya Abdiyeva ◽  
Damira Baigonushova
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Government Spending ◽  
Public Spending ◽  
Kyrgyz Republic ◽  
Education And Health ◽  
Labor Resources ◽  
Economic Ties

Human capital is the main source of the country's economic development. The quality of human capital is determined by the level of public health and education. Expenditures on education and health care allow increasing the stock of human capital and the productivity of labor resources thereby accelerates the process of economic development in the long term. In this regard, public spending on education plays an important role in the formation of human capital. After the collapse of the USSR, the Kyrgyz Republic experienced serious economic crises. Public spending declined sharply, as transfers from the budget of the USSR to budget of Kyrgyz Sovyet Republic was 8 to 14% of the state revenues. The loss of economic ties and the market with other republics led to the reduced output significantly. Despite crises, Kyrgyzstan is one of the post-Soviet countries that was able to preserve the educational system. The purpose of this study is analyzing the causal relationship between government spending on education and the gross domestic product in Kyrgyzstan. In the empirical analysis, monthly data on government spending on education and GDP will be used from 2000: 1 to 2015: 8, using a cointegration test for the existence of a long-term relationship, built on the basis of autoregression with distributed lags as known the ARDL model.

Growth and Social Capital: Empirical Analysis of the Relationship

2019 ◽  
pp. 128-134
Author(s):  
Ksenia V. Bagmet
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Economic Development ◽  
Social Development ◽  
Empirical Analysis ◽  
Panel Data Analysis ◽  
Well Being ◽  
Developed Countries ◽  
International Institute ◽  
Level Of Economic Development

The article provides an empirical test of the hypothesis of the influence of the level of economic development of the country on the level of development of its social capital based on panel data analysis. In this study, the Indices of Social Development elaborated by the International Institute of Social Studies under World Bank support are used as an indicators of social capital development as they best meet the requirements for complexity (include six integrated indicators of Civic Activism, Clubs and Associations, Intergroup Cohesion, Interpersonal Safety and Trust, Gender Equality, Inclusion of Minorities), comprehensiveness of measurement, sustainability. In order to provide an empirical analysis, we built a panel that includes data for 20 countries divided into four groups according to the level of economic development. The first G7 countries (France, Germany, Italy, United Kingdom); the second group is the economically developed countries, EU members and Turkey, the third group is the new EU member states (Estonia, Latvia, Lithuania, Romania); to the fourth group – post-Soviet republics (Armenia, Georgia, Russian Federation, Ukraine). The analysis shows that the parameters of economic development of countries cannot be completely excluded from the determinants of social capital. Indicators show that the slowdown in economic growth leads to greater cohesion among people in communities, social control over the efficiency of distribution and use of funds, and enforcement of property rights. The level of tolerance to racial diversity and the likelihood of negative externalities will depend on the change in the rate of economic growth. Also, increasing the well-being of people will have a positive impact on the level of citizens’ personal safety, reducing the level of crime, increasing trust. Key words: social capital, economic growth, determinant, indice of social development.

Study on Dynamic Relationship between Economic Growth and Energy Consumption in Chongqing - Based on 1980-2011 Data

2013 ◽  
Vol 448-453 ◽  
pp. 4319-4324
Author(s):  
Sheng Wang ◽  
Chun Yan Dai ◽  
En Chuang Wang ◽  
Chun Yan Li
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Energy Demand ◽  
Industrial Structure ◽  
Impulse Response Function ◽  
Improve Energy Efficiency ◽  
Dynamic Relationship ◽  
Equilibrium Relationship

Analyzed the dynamic interaction characteristics of Chongqing Economic growth and energy consumption between 1980-2011 based on vector auto regression model, impulse response function. The results showed that: 1 Between the Chongqing's economic growth and energy consumption exist the positive long-term stable equilibrium relationship, Chongqing's economic development depending on energy consumption is too high, to keep the economy in Chongqing's rapid economic development, energy relatively insufficient supply sustainable development must rely on the energy market, which will restrict the development of Chongqing's economy. 2At this stage, Chongqing continuing emphasis on optimizing the industrial structure to improve energy efficiency at the same time, the key is to establish and improve the energy consumption intensity and total energy demand "dual control" under the security system, weakening the energy bottleneck effect on economic growth.

DEMOCRACY, ECONOMIC COMPLEXITY AND SOCIO-ECONOMIC DEVELOPMENT: PROBLEMS OF INTERCONNECTION AND WAYS OF THEIR INCREASE IN UKRAINE

2018 ◽  
Author(s):  
Anna Smahliuk ◽  
◽  
Tetiana Pokotylo ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Democratic Institutions ◽  
Economic Complexity ◽  
Multiplier Effect ◽  
Socio Economic Development ◽  
National Production ◽  
Level Of Knowledge ◽  
Sustainable Economic Growth

The article explores the factors that allow the economies of the countries of the world to achieve sustainable economic growth at different stages of the country's economic development, depending on the level of GDP per capita. Among which are highlighted: basic factors, efficiency factors and innovative factors. For the Ukrainian economy, which is at the stage of focusing on efficiency, the issues of the place, significance and level of economic complexity of the Ukrainian economy and ensuring sustainable economic growth on this basis are considered. Economic diversification and complexity are defined as key drivers of long-term growth. The dynamics of the index of economic complexity in Ukraine is analyzed, modern trends are revealed. Directions and strategic approaches to the diversification of national production are proposed, which could have a significant multiplier effect, increase the complexity and level of knowledge in the economy. It also provides evidence on the relationship between socio-economic development, values of self-expression and democratic institutions. The conclusion is formulated: socio- economic development leads to the spread of the values of self-expression, and they, in turn, to the establishment and strengthening of democratic institutions.

Efficiency Driven Effect of Education in China: The Perspective of Global Competitiveness and Graduate Education

2021 ◽  
Vol 1 (1) ◽  
pp. 36-43
Author(s):  
Jia Liu ◽  
Lun Li
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Economic Development ◽  
Practical Significance ◽  
Education Policies ◽  
Global Competitiveness ◽  
Higher Education Policies ◽  
Level Of Economic Development ◽  
Education In China

Capital, natural resources, technology and education are often considered to be the most important factors in improving the level of economic development. China is in the "efficiency-driven" stage of economic development. There are objective laws in the development of education level and economic growth, but they interact with each other. Economic growth provides the foundation and necessary conditions for the development of education. At the same time, the role of education in promoting economic growth is also very obvious. Based on the perspective of postgraduate training, this paper studies the role of education in economic efficiency-driven, through the study of theory, data collection and empirical analysis, combined with the development characteristics of China's higher education, and compares China's and US higher education policies to guide China's higher education. The development of education, and then promote the transformation of China into the "innovation-driven" stage, has certain theoretical and practical significance.

Unpleasant Truths about Institutional and Financial Development

2019 ◽  
pp. 44-74
Author(s):  
Justin Yifu Lin ◽  
Célestin Monga
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Institutions ◽  
Institutional Development ◽  
Failed State ◽  
Poor Countries ◽  
Level Of Economic Development ◽  
State Interventions ◽  
Economic Development Strategies ◽  
Theoretical Issues

This chapter refutes the linear and almost teleological approach in vogue in development economics on political and financial institutions. It briefly discusses the theoretical issues at hand and suggests that policies take into account the requirements of both time and place, which emphasizes the importance of the development level. The chapter acknowledges that institutional development problems are indeed major impediments to economic growth. But contrary to conventional wisdom, it argues that they are often correlated with the level of economic development. Seen from that perspective, the well-known weaknesses in the governance and financial sectors of many poor countries today often reflect their low level of development and the results of failed state interventions and distortions originating from erroneous economic development strategies.

Analyzing the Bidirectional Relationship between Tourism Growth and Economic Development

2020 ◽  
pp. 004728752092231 ◽  
Author(s):  
Juan Ignacio Pulido-Fernández ◽  
Pablo Juan Cárdenas-García
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Structural Equations ◽  
Tourist Destinations ◽  
Development Face ◽  
Confirmatory Factor ◽  
Bidirectional Relationship ◽  
Level Of Economic Development ◽  
Structural Equations Model ◽  
The Relationship

After having demonstrated the relationship between tourism and economic growth, tourism-led economic growth (TLGH), and economic-driven tourism growth (EDTG), the scientific literature was concerned with studying the relationship between tourism and economic development, limiting itself to analyzing a possible unidirectional relationship between tourism, economic growth, and economic development. In this context, the aim of this article is to determine if the relationship between tourism and economic development is bidirectional given that, although tourism can be a tool for economic development, it is also true that a higher level of economic development influences tourism growth. Using a sample of 143 countries, and applying confirmatory factor analysis together with a structural equations model, the bidirectional relationship is confirmed. Therefore, although tourism growth and economic development face different challenges, if public policies work in a coordinated manner, they may contribute significantly to improving economic development in countries that are configured as tourist destinations.

scholarly journals Do Carbon Emissions and Economic Growth Decouple in China? An Empirical Analysis Based on Provincial Panel Data

Energies ◽  
2019 ◽  
Vol 12 (12) ◽  
pp. 2411 ◽  
Author(s):  
Yu Hao ◽  
Zirui Huang ◽  
Haitao Wu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Carbon Emissions ◽  
Environmental Kuznets Curve ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
Capita Gross Domestic Product ◽  
Level Of Economic Development ◽  
The Relationship

Global warming has emerged as a serious threat to humans and sustainable development. China is under increasing pressure to curb its carbon emissions as the world’s largest emitter of carbon dioxide. By combining the Tapio decoupling model and the environmental Kuznets curve (EKC) framework, this paper explores the relationship between China’s carbon emissions and economic growth. Based on panel data of 29 provinces from 2007 to 2016, this paper quantitatively estimates the nexus of carbon emissions and economic development for the whole nation and the decoupling status of individual provinces. There is empirical evidence for the conventional EKC hypothesis, showing that the relationship between carbon emissions and per capita gross domestic product (GDP) is an inverted U shape and that the inflection point will not be attained soon. Moreover, following the estimation results of the Tapio decoupling model, there were significant differences between individual provinces in decoupling status. As a result, differentiated and targeted environmental regulations and policies regarding energy consumption and carbon emissions should be reasonably formulated for different provinces and regions based on the corresponding level of economic development and decoupling status.

scholarly journals FISCAL DECENTRALIZATION AND ECONOMIC GROWTH IN SELECTED EUROPEAN COUNTRIES

2017 ◽  
Vol 18 (4) ◽  
pp. 745-757 ◽  
Author(s):  
Neringa SLAVINSKAITĖ
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Decentralization ◽  
Developed Countries ◽  
Panel Model ◽  
Development Level ◽  
Multiple Regression Method ◽  
Level Of Economic Development ◽  
High Level ◽  
The Empirical Analysis

The paper analyses the fiscal decentralization effects on economic growth in unitary countries of European Union for the period 2005–2014. The empirical analysis was based on the multiple regression method. The fixed effect panel model was used as framework for the analysis. In order to examine the different impact of fiscal decentralization, the same analysis was applied to subsets of countries categorized into two groups according to countries’ level of economic development. This further analysis found that there is positive relationship between fiscal decentralization and economic growth in low level of economically developing countries and no relationship in high level of economically developed countries. These results suggested that fiscal decentralization is not always instrument for promotion of economic growth, which means that country’s economic development level is an important factor when introducing reform of fiscal decentralization. The originality of this article – new fiscal decentralization index and evaluated fiscal decentralization level influence for countries economic growth.

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