ЭМПИРИЧЕСКИЙ АНАЛИЗ ВЛИЯНИЯ ИНВЕСТИЦИЙ НА ЭКОНОМИКУ КЫРГЫЗСТАНА

Abstract

Как и во многих развивающихся странах, инвестиции в Кыргызстане являются основным элементом, определяющим экономический рост. В этом исследовании анализируется соотношение между инвестициями (INV), денежной массой (М2) и экономическим ростом (ВВП) Кыргызстана. Эмпирический анализ с использованием квартальных данных, охватывающих период 2000-2014 гг., с подходом ARDL показал, что инвестиции и денежная масса (М2) влияют на ВВП положительно и статистически значимо как в краткосрочном, так и в долгосрочном периоде.

Keywords

• инвестиции,денежная масса,экономический рост,ARDL подход коинтеграции,Кыргызстан

AN EMPIRICAL ANALYSIS OF INVESTMENTS’ IMPACT ON THE ECONOMY OF KYRGYZSTAN

Abstract

Like in many developing countries, investments are the main factor of economic growth in Kyrgyzstan. In this paper we analyzed the relationship between investments (INV), money supply (M2) and economic growth (GDP) in Kyrgyzstan. Empirical analysis using the ARDL Bounds Testing Approach showed that both investments and money supply (M2) have statistically significant positive effect on GDP in the short and long run.

Keywords

• investments,money supply,economic growth,ARDL cointegration approach,Kyrgyzstan

AN EMPIRICAL ANALYSIS OF INVESTMENTS’ IMPACTON THE ECONOMY OF KYRGYZSTAN

Abstract

Like in many developing countries, investments are the main factor of economic growth in Kyrgyzstan. In this paper we analyzed the relationship between investments (INV), money supply (M2) and economic growth (GDP) in Kyrgyzstan. Empirical analysis using the ARDL Bounds Testing Approach showed that both investments and money supply (M2) have statistically significant positive effect on GDP in the short and long run

Keywords

• investments, money supply, economic growth, ARDL cointegration approach, Kyrgyzstan

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