International Conference on Eurasian Economies
24-25 August 2021 – Istanbul, TURKEY and ONLINE
Paper properties
Paper ID : 2530
Status : Paper published
Language : Russian
Topic : Growth and Development
Presenter: Assoc. Prof. Dr. Kalybek Choroev
Session : 4C Рост и развитие
Econometric Models of Structural Shifts of the Economy of the Kyrgyz Republic
Эконометрические модели структурных сдвигов экономики Кыргызской Республики
- Assoc. Prof. Dr. Kalybek Choroev (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
One of the urgent problems of economic development in the Kyrgyz Republic is overcoming structural imbalances. This article is devoted to the analysis and econometric modeling of the problems of overcoming structural imbalances in economic development. Methods for analyzing structural changes in the national economy using an econometric model based on a production function are proposed. The necessity of developing a three-sector model based on the production function has been substantiated. Analyzed the state of socio-economic development, the state of the investment climate in the Kyrgyz Republic. Currently, one of the most difficult problems of economic reforms in countries with economies in transition is that they are faced with the task of overcoming complex structural imbalances in the economic system inherited from the planned economy of the past. Ensuring sustainable balanced economic development of the country is an urgent task. For the accelerated development of the national economy of the country, the main goal is to optimize the intersectoral and intra-sectoral distribution of resources. In a transitional economy, the market mechanism cannot provide the desired scheme for the intersectoral allocation of resources of the national economy. The government of the country must take into account the existence of economic imbalances at the macro level and in the future, it is necessary to coordinate the distribution of foreign investment resources at the state level. Optimization measures should be aimed at identifying economic imbalances at an early stage and taking measures to resolve them in a timely manner.
JEL codes: B40, C01, C53
Choroev, Kalybek (2021). "Econometric Models of Structural Shifts of the Economy of the Kyrgyz Republic" in Proceedings of International Conference of Eurasian Economies 2021, pp.436-439, Istanbul, TURKEY and ONLINE.
DOI: https://doi.org/10.36880/C13.02530
