Paper ID : 565
Status : Paper published
Language : Russian
Topic : Finance and Financial Crises
Presenter: Assoc. Prof. Dr. Khicheza Fynchina
Session : 3E Финансы
Household Savings as a Source of Investment in the Reproductive Process of Kyrgyz Republic
Сбережения домашних хозяйств как инвестиционный ресурс в Кыргызской Республике
- Assoc. Prof. Dr. Khicheza Fynchina (Kyrgyz-Russian Slavic University, Kyrgyzstan)
The issue of ineffective usage of household is investigated, considering the lack of financial resources for the development of internal production in Kyrgyz Republic. The dynamic of households in the country is shown. Also the substantiation of author’s definition of investigated category is provided. In order to understand the essence of issue, there is a grouping of households in a form of scheme is shown. The research of grouping signs allowed basing the allotment of investment funds. Savings play a dual role in the reproduction process of the country. On the one hand, as the withdrawal of funds from the stream of income, savings cause lack in consumption; constraining supply growth, that is an expansion of production. On the other hand, if the savings are mobilized by the financial and credit system, and sent into the real economic sector, for an increase of the accumulation fund and expanding of production, they are favorable to economic growth and increase in GDP. Clearly shows the correlation between GDP growth and the dynamics of household savings to Kyrgyz Republic. Materials for this research were literary sources and statistical data. Solving an issue of under-investment is possible due to household savings, which occupy a special place in a number of economic phenomena, because they are at the crossroads of the interests of citizens, organizations, specializing in financial services, and the state. Their involvement depends primarily on the activity of the institutions, accumulating these savings.
JEL codes: D13
Fynchina, Khicheza (2012). "Household Savings as a Source of Investment in the Reproductive Process of Kyrgyz Republic" in Proceedings of International Conference of Eurasian Economies 2012, pp.533-538, Almaty, KAZAKHSTAN.
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Session 3E: Финансы