Analysis of Structural Change for the Kyrgyz Republic Economy: Evidence from Decomposition of Output Changes and Multiplier Product Matrix

Year 2024, Volume: 24 Issue: 3, 433 - 446, 11.07.2024

Arya Akdeniz Neşe Kumral Barış Gök

https://doi.org/10.21121/eab.20240306

Abstract

Input-output analyses, which investigate intersectoral interdependencies and structural changes, are critical to sectoral planning by providing policymakers with significant information. This study draws on the input-output tables calculated by the Asian Development Bank for Asian and Pacific countries, specifically for the Kyrgyz Republic. The decomposition of output changes and the multiplier product matrix are employed to identify any structural changes in the country’s economy. The empirical findings indicate that a major structural change has occurred in the Kyrgyz economy, led by the financial intermediation sector.

Keywords

Input-Output Analysis, Structural Change, Kyrgyz Republic, Decomposition of Output Changes, Multiplier Product Matrix

Kırgız Cumhuriyeti Ekonomisi İçin Yapısal Değişim Analizi: Üretim Değişimlerinin Ayrıştırılması ve Çarpan Üretim Matrisinden Bulgular

Abstract

Sektörel ölçekli iktisadi planlamada girdi-çıktı analizi kilit rol oynamaktadır. Sektörlerin bağımlılık derecelerini ve yapısal değişimlerini incelemek için kullanılan girdi-çıktı analizinden elde edilen bulgular, politika yapıcıları açısından önemli bilgiler içermektedir. Bu çalışmada Asya Kalkınma Bankası’nın 2000 ve 2018 yılları için Kırgız Cumhuriyeti başta olmak üzere, Asya ve Pasifik ülkeleri için hazırladığı girdi-çıktı tabloları kullanılmıştır. Kırgız Cumhuriyeti ekonomisi için yapısal değişim olup olmadığı, üretim değişimlerinin ayrıştırılması ve çarpan üretim matrisi üzerinden incelenmiştir. Çalışmadan elde edilen ampirik bulgular, Kırgız Cumhuriyeti ekonomisinde ciddi bir yapısal değişim yaşandığını ve finansal aracılık sektörünün ilgili değişimin öncüsü niteliğinde olduğunu ortaya koymaktadır.

Keywords

Girdi-Çıktı Analizi, Yapısal Değişim, Kırgız Cumhuriyeti, Üretim Değişimlerinin Ayrıştırılması, Çarpan Üretim Matrisi

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