scholarly journals Frontier economies and economic growth: Evidence from European and Central Asian Countries

2020 ◽  
Vol 20 (3) ◽  
pp. 279-291 ◽  
Author(s):  
Ujkan Q. Bajra ◽  
Zenun Halili ◽  
Nimete Berisha
Keyword(s):  
Economic Growth ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries

scholarly journals Extent of the “Belt and Road” Initiative in Stimulating Economic Growth in Post-Soviet Central Asia

2021 ◽  
Vol 4 (3) ◽  
pp. 57-62
Author(s):  
Yiling Ding
Keyword(s):  
Economic Growth ◽  
Belt And Road Initiative ◽  
Asian Countries ◽  
Central Asian ◽  
Belt And Road ◽  
Central Asian Countries ◽  
Important Position ◽  
Soviet Central Asia ◽  
The Belt And Road ◽  
Five Central Asian Countries

As the “core area” of the “Silk Road Economic Belt,” the five Central Asian countries occupy an important position in the “Belt and Road” strategy. With the increase of China’s investment, the infrastructure of the five Central Asian countries has been continuously developing, economy persists to grow, and the people’s standards of living have been constantly improved. This article focuses on how the “Belt and Road” initiative has promoted the economic growth of the five Central Asian countries.

scholarly journals The Relationship between Energy Consumption and Growth in the Transition Economies of Central Asian Republics

2013 ◽  
Author(s):  
Abdullah Özdemir ◽  
Mehmet Mercan ◽  
Erkan Dendeş
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Soviet Union ◽  
Transition Period ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Capitalist System ◽  
The Soviet Union ◽  
Central Asian ◽  
Central Asian Countries

The transition period from the socialist system to the capitalist system is used to describe economies in transition. With the dissolution of the Soviet Union in the 1990s, with Central and Eastern European Countries, the Countries in Central Asia have entered into this process. Central Asian Countries haven’t entered into this process providently a lot in transitional stage. At the end of secession process from the Soviet Union, these countries had only limited industrial plants and natural resources. However, reserves of energy resources that these countries have in their economic growth have been a pusher factor. No doubt, increasing energy consumption has a significant effect in the development of the countries. The main purpose of this study is to test the existence of growth relation and energy consumptions in Central Asian Countries that live the transition period accordingly. This study investigates relationship between economic growth and energy consumption for Central Asian Countries over the period 1990-2010 by using panel data analysis. As a conclusion it is reached that there is a significant correlation between energy consumption and economic growth for these countries.

scholarly journals Exogenous vs Endogenous Growth in the EU’s EaP and Central Asian Countries

2016 ◽  
Vol 63 (s1) ◽  
pp. 109-124 ◽  
Author(s):  
Ilkhom Sharipov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Strong Association ◽  
Development Economic ◽  
Economic Policies ◽  
Asian Countries ◽  
Macroeconomic Conditions ◽  
Active Population ◽  
Central Asian ◽  
Central Asian Countries

Abstract The main purpose of this paper is to determine and analyse the factors that affected economic growth in the EU’s Eastern Partnership and Central Asian countries in the 2000-2015 period. Economic growth is one of the main targets of economic policy of any country and influenced by various determinants. Of particular interest is the endogenous and exogenous nature of these factors. Having classified these factors into exogenous and endogenous ones, we examined and determined the significance and robustness of various factors influencing the economic growth in these countries, like investment, human capital, research and development, economic policies and macroeconomic conditions, openness to trade, geography, political factors and others. Correlation and factor analysis showed significance and strong association of GDP per capita with physical, human capital, and R&D in EaP countries and with natural resources and active population share in Central Asian countries.

scholarly journals Evaluation of decoupling of GDP and energy in Central Asia

2021 ◽  
Vol 899 (1) ◽  
pp. 012029
Author(s):  
A Junissov ◽  
A Bekaliyev ◽  
A Adamov ◽  
S G Poulopoulos
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Central Asia ◽  
Carbon Dioxide Emissions ◽  
Primary Energy ◽  
Asian Countries ◽  
Environmental Pressure ◽  
Central Asian ◽  
Central Asian Countries ◽  
Primary Energy Supply

Abstract Currently, economic growth remains the main criterion of development. However, it does come along with threats to the environment, due to its link to the increased energy consumption and carbon dioxide emissions. Decoupling can be used to break this link and stop jeopardizing the environment in the favor of economic progress. This paper focuses on the decoupling between economic growth and energy consumption in each of five Central Asian countries – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – from 1990 to 2014. The Tapio decoupling model was implemented in order to determine the decoupling states for each country. Gross domestic product (GDP) was used to represent the economic growth, and the total primary energy supply (TPES) described the environmental pressure. These data were obtained from the IKE World Energy Balances. Both the GDP and the TPES of most of the Central Asian countries had a parabolic trend of initial drop and further increase during the timespan analyzed. This observation can be explained by the collapse of USSR and the transition to market economy. The results of the decoupling analysis can be divided into two stages for Kazakhstan, Turkmenistan, and Uzbekistan, and into three stages for Kyrgyzstan and Tajikistan, with several different decoupling states observed during each stage. According to the results, the main decoupling states in Central Asia were expansive negative decoupling, expansive coupling, weak decoupling, and strong decoupling. The analysis showed that there is a serious environmental pressure on the economic development in Central Asia.

scholarly journals The Influence of Exporting and Importing On Economic Growth: The Sample of Central Asia Economies

2017 ◽  
Author(s):  
Selahattin Sarı ◽  
Cevat Gerni ◽  
Çağatay Karaköy ◽  
Ömer Selçuk Emsen
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Capital Accumulation ◽  
Driving Forces ◽  
Subject Area ◽  
Economic Policies ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries ◽  
Positive Effect

Become more intense in the 1980s, in parallel with globalization movements that make up the world economy, the driving forces of economic growth in the search for macro-economic policies have also changed. The importance of international trade for economic growth was seen years ago and it is a known fact that many theories have been put forward. Classical economists have made various researches around the idea of providing economic growth with international trade theories. In this context, after 1992, the Central Asian countries work in this subject area wanted to complete the transition in the economic sense by structural reforms and economic growth. Therefore, the panel date analysis about the effect of international trade on growth will be examined on Central Asian countries like Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan and Azerbaijan. In the finding obtained, exports and capital accumulation were found to have a positive effect on growth.

scholarly journals Economic Growth Of Post-Soviet Central Asian Countries: Can Microentrepreneurship Play A Role?

2010 ◽  
Vol 9 (3) ◽  
Author(s):  
Wali I. Mondal
Keyword(s):  
Economic Growth ◽  
Trade Unions ◽  
Regional Growth ◽  
The Other ◽  
Asian Countries ◽  
Growth Prospect ◽  
Central Asian ◽  
Independent States ◽  
Central Asian Countries ◽  
Newly Independent States

The Union of Soviet Socialist Republics broke down in 1991 giving birth to 15 Newly Independent States. Soon after independence, all post-Soviet states engaged in reforming their economies by abandoning the Gosplan-style central planning. In their quest for economic growth, all 15 States formed trade unions; however, these trade unions did not lead to any significant regional growth. On the other hand, both group-based and individual microcredit operations, conducted through microfinance institutes succeeded in four out of the five post-Soviet Central Asian Countries. This paper analyzed 43 microfinance institutes in 4 post-Soviet Central Asian Countries and found that there was significant prospect for the development of microentrepreneurship in the region. In order to promote economic growth, the author recommends formation of a consortium of microfinance institutes in the region with membership of all five countries. Further studies are needed to ascertain the growth prospect of the post-Soviet Central Asian Countries through the development of microentrepreneurship.

To What Extent is the “Belt and Road” Initiative Stimulating Economic Growth in Post-Soviet Central Asia?

2021 ◽  
Vol 5 (5) ◽  
pp. 56-60
Author(s):  
Yiling Ding
Keyword(s):  
Economic Growth ◽  
Belt And Road Initiative ◽  
Asian Countries ◽  
Central Asian ◽  
Belt And Road ◽  
Central Asian Countries ◽  
Important Position ◽  
Soviet Central Asia ◽  
The Belt And Road ◽  
Five Central Asian Countries

As the “core area” of the “Silk Road Economic Belt,” the five Central Asian countries occupy an important position in the “Belt and Road” strategy. With the increase of China’s investment, the infrastructure of the five Central Asian countries has been continuously developing, economy persists to grow, and the people’s standards of living have been constantly improved. This article will focus on how the “Belt and Road” initiative has promoted the economic growth of the five Central Asian countries.

scholarly journals Economic Development of Russia in the Context of European and Central Asian Countries

Vestnik NSUEM ◽  
2019 ◽  
pp. 83-98
Author(s):  
V. V. Smirnov ◽  
A. V. Mulendeeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Complex Analysis ◽  
Negative Impact ◽  
Sustainable Growth ◽  
Asian Countries ◽  
Russian Economy ◽  
Central Asian ◽  
Central Asian Countries ◽  
Economic Growth Rates

The article presents and discusses the results of the study aimed at carrying out complex analysis of the dynamics of economy of European and Central Asian countries and identification of supra-country forms of economic development of Russia. The study is based on the system approach using the methods of statistical, cluster and nonparametric analysis. The relevance of the study was justified; the retrospective of international scientific and technological cooperation between European and Central Asian countries was considered. Stability regarding Austria and Belgium was revealed following the assessment of the dynamics of economic growth of European and Central Asian countries. Russia, with low density of the population, is close to the country group with sustainable growth by the rate of unemployment, and far behind by GDP per capita. Russia is in the cluster with Germany, the interest of the latter is focused on Armenia and Kazakhstan. Substantial risks of recession emerging in Germany could have a negative impact on the development of Russian economy. The dynamics of economic development of European and Central Asian countries is caused by the differences in the population density and number of various minerals.Taking stand between the excessive potential of European knowledge (technologies) and minerals of Central Asia, Russia can create a supra-country form of development capable of ensuring stably high economic growth rates without using own minerals.The conclusions and results of the study may be highly sought by state authorities in the process of selection and justification of the supra-country forms of development of Russian economy in the context of international cooperation with European and Central Asian countries.

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