International Congress on Eurasian Economies

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

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

Full paper in PDF format.

Session 2B: Büyüme ve Gelişme II

Istanbul Beykent University Kyrgyz-Turkish Manas University Turan University TIKA Turkish Central Bank