International Conference on Eurasian Economies
12-14 October 2011 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 342
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Fahri Solak
Session : 3C Orta Asya Ekonomileri I
The Determinants of Sustainable Economic Growth in the Central Asian Turkish Republics
Orta Asya Türk Cumhuriyetleri’nde Sürdürülebilir İktisadi Büyümenin Belirleyicileri
- Asst. Prof. Dr. Fahri Solak (Marmara University, Türkiye)
- Dr. Ercan Sarıdoğan (Marmara University, Türkiye)
Abstract
Sustainable economic growth is very important for sustainable welfare of society. In this context, it is vital to determine the factors affecting sustainable economic growth and to design economic policies for affecting sustainable economic growth. Main aim of this study is to investigate the determinants of sustainable economic growth and to recommend economic policies and strategies for selected Central Asian Turkish Republics, namely, Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan in order to achieve sustainable economic growth and development. The main result of the study is that the main source of economic growth of Turkish Republics depends on the natural resources, which is not enough for sustainable economic growth in the long run. For this reason, Turkish Republics should transform their economic structures from natural sources based economic growth into science-technology and innovation based and global competitiveness oriented economic growth path by designing economic policies for developing human capital, education, research and development, national industry strategy improving the business and investment environment for investors and eliminating structural and institutional problems.
JEL codes: O11, O14, O23
Solak, Fahri, Sarıdoğan, Ercan (2011). "The Determinants of Sustainable Economic Growth in the Central Asian Turkish Republics" in Proceedings of International Conference of Eurasian Economies 2011, pp.260-264, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C02.00342
Session 3C: Orta Asya Ekonomileri I
