International Conference on Eurasian Economies
11-13 October 2012 – Almaty, KAZAKHSTAN
Paper detail
Paper ID : 399
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Ahmet Fatih Aydemir
Session : 2B Büyüme ve Gelişme II
The Relations between Stabilization Policies and Economic Growth in the Economies of Central Asia and Caucasia
Orta Asya ve Kafkasya Ekonomilerinde İstikrar Politikalari ve Ekonomik Büyüme Arasindaki İlişkiler
- Asst. Prof. Dr. Ahmet Fatih Aydemir (Atatürk University, Türkiye)
- Prof. Dr. Ahmet Alkan Çelik (Doğuş University, Türkiye)
Abstract
In the early 1990s, with the fall of communism and the dissolution of USSR, the so-called transition economies have emerged in Eastern Europe and the former USSR. Within this transition period from planned to market economies, fiscal and monetary discipline has not been adequately emphasized while the crucial aim of these economies is to realize price liberalization, privatization and economic stabilization. Hence, the problems of income distribution and growth have not been able to be solved. In this paper, we analyze the relations between economic growth and fiscal and monetary discipline in the economies of Central Asia and Caucasia since their independence. We use WDI-2010 data of the World Bank in order to develop a model including fiscal and monetary variables, which aims to represent the growth experiences of the aforementioned countries.
JEL codes: E52, E62, R11
Aydemir, Ahmet Fatih, Çelik, Ahmet Alkan (2012). "The Relations between Stabilization Policies and Economic Growth in the Economies of Central Asia and Caucasia " in Proceedings of International Conference of Eurasian Economies 2012, pp.159-163, Almaty, KAZAKHSTAN.
DOI: https://doi.org/10.36880/C03.00399
Session 2B: Büyüme ve Gelişme II
