Research Article

The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia

Volume: 8 Number: 20 January 3, 2025
TR EN

The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia

Abstract

This study examines the relationship between industrial production and economic growth in Kyrgyzstan, Kazakhstan and Russia. By analyzing data on the distribution of production and inputs in these countries, the research sheds light on the important role of the industrial sector in driving economic development. The findings reveal a positive and strong relationship between industrial production and economic growth and emphasize the importance of sustained investment and market reforms in promoting sectoral expansion. Through Granger causality tests, the study identifies causal links between economic growth and industrial production, underscoring the potential of targeted policies to boost industrial performance and promote overall economic progress. However, in Kyrgyzstan, growth is impressive for non-industrial sectors, while in Kazakhstan, the contribution of non-industrial sectors to growth is greater. In Russia, both variables interact with each other. These results provide valuable insights for policymakers and stakeholders to leverage industrial production as a catalyst for long-term economic prosperity in the region.

Keywords

References

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  7. Bukkvoll, T., Malmlöf, T., & Makienko, K. (2017). The Defence Industry as A Locomotive for Technological Renewal in Russia: Are the Conditions in Place? Post-Communist Economies, 29(2), 232-249.
  8. Çetin, M. (2009). Empirical Analysis of Kaldor’s Growth Law: The Case of Turkey and European Union Countries (1981-2007). Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 11 (1), 355-373.

Details

Primary Language

English

Subjects

Finance

Journal Section

Research Article

Early Pub Date

December 31, 2024

Publication Date

January 3, 2025

Submission Date

November 1, 2024

Acceptance Date

December 9, 2024

Published in Issue

Year 2024 Volume: 8 Number: 20

APA
Karimi, R., & Sugözü, İ. H. (2025). The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia. Uluslararası Ekonomi Ve Siyaset Bilimleri Akademik Araştırmalar Dergisi, 8(20), 20-35. https://doi.org/10.58202/joecopol.1577569
AMA
1.Karimi R, Sugözü İH. The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia. Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi. 2025;8(20):20-35. doi:10.58202/joecopol.1577569
Chicago
Karimi, Rashid, and İbrahim Halil Sugözü. 2025. “The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia”. Uluslararası Ekonomi Ve Siyaset Bilimleri Akademik Araştırmalar Dergisi 8 (20): 20-35. https://doi.org/10.58202/joecopol.1577569.
EndNote
Karimi R, Sugözü İH (January 1, 2025) The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia. Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi 8 20 20–35.
IEEE
[1]R. Karimi and İ. H. Sugözü, “The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia”, Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi, vol. 8, no. 20, pp. 20–35, Jan. 2025, doi: 10.58202/joecopol.1577569.
ISNAD
Karimi, Rashid - Sugözü, İbrahim Halil. “The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia”. Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi 8/20 (January 1, 2025): 20-35. https://doi.org/10.58202/joecopol.1577569.
JAMA
1.Karimi R, Sugözü İH. The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia. Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi. 2025;8:20–35.
MLA
Karimi, Rashid, and İbrahim Halil Sugözü. “The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia”. Uluslararası Ekonomi Ve Siyaset Bilimleri Akademik Araştırmalar Dergisi, vol. 8, no. 20, Jan. 2025, pp. 20-35, doi:10.58202/joecopol.1577569.
Vancouver
1.Rashid Karimi, İbrahim Halil Sugözü. The Relationship Between Industrial Production and Economic Growth: The Case of Kyrgyzstan, Kazakhstan and Russia. Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi. 2025 Jan. 1;8(20):20-35. doi:10.58202/joecopol.1577569