International Conference on Eurasian Economies
9-11 September 2015 – Kazan, RUSSIA
Paper detail
Paper ID : 1386
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Ainura Turdalieva
Session : 5E Büyüme
The Sources of Economic Growth in Kazakhstan Economy: An Input-Output Analysis Approach
Kazakistan Ekonomisinde Ekonomik Büyümenin Kaynakları: Girdi-Çıktı Analizi Yaklaşımıyla Bir İnceleme
- Prof. Dr. Tuncer Özdil (Celal Bayar University, Türkiye)
- Asst. Prof. Dr. Ainura Turdalieva (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
The input - output analysis reflects the production-consumption relationship between the economic production sector in a country's economy and widely applied as an analytical technique of economic analysis in both developed and developing countries. At the same time, this technique is the macroeconomic analysis tool for identifying sectoral economic relations in the industry by production and consumption dimensions. For this study, input-output tables for Kazakhstan for the period of 2006-2013 were used. Tables consist of the same content and number of sectors and the sources of economic growth for the given period was calculated by Syrquin Decomposition model. Syrquin Model is a demand-side approach, which decomposes economic growth into four main sources: domestic demand expansion, export expansion, import substitution and technological change. Also, the study investigates the source of production increase occurred in any economic production sectors. Within this framework, the results will be obtained for aggregated main 8 sectors and whole the economy. Admittedly, the results will give insight into the effectiveness of macroeconomic policies implemented in Kazakhstan. This aspect of the research results is expected to contribute to the creation of a more rational economic policy.
JEL codes: C67, D57
Özdil, Tuncer, Turdalieva, Ainura (2015). "The Sources of Economic Growth in Kazakhstan Economy: An Input-Output Analysis Approach" in Proceedings of International Conference of Eurasian Economies 2015, pp.841-845, Kazan, RUSSIA.
DOI: https://doi.org/10.36880/C06.01386
