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THE RELATIONSHIP BETWEEN EXTERNAL DEBT AND ECONOMIC GROWTH: THE CASE OF KYRGYZSTAN

Year 2020, Issue: 85, 45 - 57, 31.03.2020

Abstract

Due to the lack of domestic resources for economic growth, developing countries often resort to external sources, that is, external debt. However, the effective use of external debt is a very important factor. Because precisely because of the inefficient use of these finances, the total external debt grows faster and outstrips the growth of the country's national income, and leads to the fact that the country will have to take new, even larger debts to cover the old ones. This will negatively affect economic growth; moreover, such a burden with external debt will also negatively affect the fate of future generations.
Purpose of this study is to analyze the situation with the country's external debt and its impact on the country's economic growth.

References

  • Архипова, А. И., Нестеренко, А. Экономика: учебник. – М.: Проспект, 1999. – С. 332-333.
  • Турсунова, С. А., Рахматов, А. Р., Жумашев, Р. Кыргыз Республикасынын Финансысы. – Бишкек, 2004. – Б. 141.
  • Lin, S. and Sosin, K. Foreign Debt and Economic Growth // Economic of Transition. – 2001. – P. 635-655.
  • Schclarek, A. Debt and Economic Growth in Developing and İndustrial Countries. – 2004. – 2 August.
  • Patillo, C., Poirson, H., Ricci, I. External Debt and Growth // Finance and Development. – 2002. – P. 32-36.
  • Blavy, R. Public Debt and Productivity:The Difficult Quest for Growth in Jamaica // IMF Working Paper. – 2006. – P. 1-25.
  • Bilgin, A. O., Aysu, M. A. Dış Borçların Ekonomik Büyüme Üzerindeki Etkisi: Türkiye Örneği // Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. – 2008. – P. 1-2.
  • Çoğurcu, İ., Çoban, O. Dış Borç Ekonomik Büyüme İlişkisi: Türkiye Örneği // KMU Sosyal ve Ekonomik Araştırmalar Dergisi. – 2011. – P. 133-149.
  • Zhumakunova, T., Kydyralieva, Zh. Kırgızistan’da Dış Borçların Ekonomik Büyüme Üzerindeki Etkisi // International Conference on Eurasian Economies, 2017.

ВЛИЯНИЕ ВНЕШНЕГО ДОЛГА НА ЭКОНОМИЧЕСКИЙ РОСТ: НА ПРИМЕРЕ КЫРГЫЗСТАНА

Year 2020, Issue: 85, 45 - 57, 31.03.2020

Abstract

Из-за отсутствия внутренних ресурсов для обеспечения экономического роста развивающиеся страны часто прибегают к внешним источникам, то есть к внешнему долгу. Тем не менее эффективное использование внешнего долга является очень важным фактором,потому что именно по причине неэффективного использования данных финансов, совокупный внешний долг растет быстрее и опережает рост национального дохода страны и приводит к тому, что страна должна будет брать новые, еще большие долги для покрытия старых. Это негативно влияет на экономический рост, более того, такое бремя внешнего долга отражается и на судьбе будущих поколений.
В данном исследовании анализируется ситуация с внешним долгом страны с целью определения ее влияния на экономический рост страны.

References

  • Архипова, А. И., Нестеренко, А. Экономика: учебник. – М.: Проспект, 1999. – С. 332-333.
  • Турсунова, С. А., Рахматов, А. Р., Жумашев, Р. Кыргыз Республикасынын Финансысы. – Бишкек, 2004. – Б. 141.
  • Lin, S. and Sosin, K. Foreign Debt and Economic Growth // Economic of Transition. – 2001. – P. 635-655.
  • Schclarek, A. Debt and Economic Growth in Developing and İndustrial Countries. – 2004. – 2 August.
  • Patillo, C., Poirson, H., Ricci, I. External Debt and Growth // Finance and Development. – 2002. – P. 32-36.
  • Blavy, R. Public Debt and Productivity:The Difficult Quest for Growth in Jamaica // IMF Working Paper. – 2006. – P. 1-25.
  • Bilgin, A. O., Aysu, M. A. Dış Borçların Ekonomik Büyüme Üzerindeki Etkisi: Türkiye Örneği // Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. – 2008. – P. 1-2.
  • Çoğurcu, İ., Çoban, O. Dış Borç Ekonomik Büyüme İlişkisi: Türkiye Örneği // KMU Sosyal ve Ekonomik Araştırmalar Dergisi. – 2011. – P. 133-149.
  • Zhumakunova, T., Kydyralieva, Zh. Kırgızistan’da Dış Borçların Ekonomik Büyüme Üzerindeki Etkisi // International Conference on Eurasian Economies, 2017.

THE RELATIONSHIP BETWEEN EXTERNAL DEBT AND ECONOMIC GROWTH: THE CASE OF KYRGYZSTAN

Year 2020, Issue: 85, 45 - 57, 31.03.2020

Abstract

Due to the lack of domestic resources for economic growth, developing countries often resort to external sources, that is, external debt. However, the effective use of external debt is a very important factor. Because precisely because of the inefficient use of these finances, the total external debt grows faster and outstrips the growth of the country's national income, and leads to the fact that the country will have to take new, even larger debts to cover the old ones. This will negatively affect economic growth; moreover, such a burden with external debt will also negatively affect the fate of future generations.
Purpose of this study is to analyze the situation with the country's external debt and its impact on the country's economic growth.

References

  • Архипова, А. И., Нестеренко, А. Экономика: учебник. – М.: Проспект, 1999. – С. 332-333.
  • Турсунова, С. А., Рахматов, А. Р., Жумашев, Р. Кыргыз Республикасынын Финансысы. – Бишкек, 2004. – Б. 141.
  • Lin, S. and Sosin, K. Foreign Debt and Economic Growth // Economic of Transition. – 2001. – P. 635-655.
  • Schclarek, A. Debt and Economic Growth in Developing and İndustrial Countries. – 2004. – 2 August.
  • Patillo, C., Poirson, H., Ricci, I. External Debt and Growth // Finance and Development. – 2002. – P. 32-36.
  • Blavy, R. Public Debt and Productivity:The Difficult Quest for Growth in Jamaica // IMF Working Paper. – 2006. – P. 1-25.
  • Bilgin, A. O., Aysu, M. A. Dış Borçların Ekonomik Büyüme Üzerindeki Etkisi: Türkiye Örneği // Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. – 2008. – P. 1-2.
  • Çoğurcu, İ., Çoban, O. Dış Borç Ekonomik Büyüme İlişkisi: Türkiye Örneği // KMU Sosyal ve Ekonomik Araştırmalar Dergisi. – 2011. – P. 133-149.
  • Zhumakunova, T., Kydyralieva, Zh. Kırgızistan’da Dış Borçların Ekonomik Büyüme Üzerindeki Etkisi // International Conference on Eurasian Economies, 2017.
There are 9 citations in total.

Details

Primary Language Russian
Journal Section Research Article
Authors

Akak Sharhsenkadyrova This is me

Damira Baıgonushova This is me

Publication Date March 31, 2020
Submission Date November 3, 2019
Published in Issue Year 2020 Issue: 85

Cite

APA Sharhsenkadyrova, A., & Baıgonushova, D. (2020). ВЛИЯНИЕ ВНЕШНЕГО ДОЛГА НА ЭКОНОМИЧЕСКИЙ РОСТ: НА ПРИМЕРЕ КЫРГЫЗСТАНА. Reforma, 1(85), 45-57.