International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 2022
Status : Paper published
Language : Russian
Topic : Sectoral Analyses
Presenter: Assoc. Prof. Dr. Damira Baigonushova
Session : 5B Секторальный анализ
Problems of Development of the Agricultural Sector in Kyrgyzstan
Кыргызстандын Айыл-Чарба Тармагын Өнүктүрүү Маселелери
- Assoc. Prof. Dr. Damira Baigonushova (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Saikal Otorova (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Assoc. Prof. Dr. Junus Ganiev (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Prof. Dr. Jusup Pirimbaev (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
The main aim of this study is to identify the main development problems and the affecting factors of the agricultural sector of Kyrgyzstan. In order to achieve the goal, the relationship between the agricultural sector’s export, import, the employment rate and the amount of loans granted to the agricultural sector was analyzed by the ARDL cointegration method. Annual data for the period 1992-2014 was used in the analysis. According to the empirical results, a 1% increase in exports was found to increase agricultural production by 0.23% in the short term, while a 1% increase in the price index of agricultural products would increase production by 0.41%. In the long run it has been revealed that the production of agricultural products is affected by the increase in prices of agricultural products, the employment rate and the exports of agricultural products. The effect of the bank loans is weak. As a result, the state must implement an appropriate pricing policy in order to develop the agricultural sector.
JEL codes:
Baigonushova, Damira, Otorova, Saikal, Ganiev, Junus, Pirimbaev, Jusup (2017). "Problems of Development of the Agricultural Sector in Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2017, pp.254-259, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.02022
Session 5B: Секторальный анализ
