International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 2017
Status : Paper published
Language : Russian
Topic : Growth and Development
Presenter: Daniyar Jasoolov
Session : 5A Развитие II
The Impact of Remittances on Economic Growth of Kyrgyzstan
Кыргызстанда Акчалай Которуулардын Экономикалык Өсүүгө Таасири
- Asst. Prof. Dr. Burulcha Sulaimanova (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Daniyar Jasoolov (Public Fund AVEP, Kyrgyzstan)
Abstract
The aim of this paper is to study the impact of remittances on the gross domestic product of Kyrgyz Republic, by using several empirical estimation methods, these are: the method of simultaneous equations, the Autoregressive Distributed Lag and Vector Autoregressive models. While there is a long run relationship between remittances and economic growth of Kyrgyzstan, according to the estimation results of the simultaneous models, there is statistically significant positive correlation of households’ final consumption and imports with remittances, and simultaneously significant positive effect of consumption on GDP, and significant, but negative impact of imports to GDP. Moreover, the small but significant impact of remittances on demand for domestic products were found.
JEL codes:
Sulaimanova, Burulcha, Jasoolov, Daniyar (2017). "The Impact of Remittances on Economic Growth of Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2017, pp.111-121, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.02017
