International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 1963
Status : Paper published
Language : Russian
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Razia Abdieva
Session : 4A Развитие I
Education and Economic Growth: Case of Kyrgyzstan
Образование и экономический рост: на примере Кыргызстана
- Asst. Prof. Dr. Razia Abdieva (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Asst. Prof. Dr. Damira Baigonushova (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
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.
JEL codes: C01, L38, F43
Abdieva, Razia, Baigonushova, Damira (2017). "Education and Economic Growth: Case of Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2017, pp.95-99, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.01963
