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Middle East and Central Asia > Kyrgyz Republic

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
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Cover Departmental Papers
Opening Up in the Caucasus and Central Asia: Policy Frameworks to Support Regional and Global Integration
Mr. Peter J Kunzel
,
Phil De Imus
,
Mr. Edward R Gemayel
,
Risto Herrala
,
Mr. Alexei P Kireyev
, and
Farid Talishli
The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying vulnerabilities of the current growth model. Lower commodity prices, weaker remittances, and slower growth in key trading partners reduced CCA growth, weakened external and fiscal balances, and raised public debt. the financial sector was also hit hard by large foreign exchange losses. while commodity prices have recovered somewhat since late 2014, to boost its economic potential, the region needs to find new growth drivers, diversify away from natural resources, remittances, and public spending, and generate much stronger private sector-led activity.
Keywords:
DPPP; DP; CCA country; capital account; CCA region; external shock; labor market; monetary policy; oil exporter; CCA commodity exporter; CCA oil importer; CCA banking sectors; CCA economy; Inflation targeting; Global; Central Asia and the Caucasus; Middle East; Central Asia
Cover IMF Working Papers
Is Russia Still Driving Regional Economic Growth?
Mr. Marco Pani
,
Mr. Etibar Jafarov
, and
Mr. Clinton R. Shiells
This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian economic growth, and which allows for the effects of Russian growth to vary over time. The paper finds that Russian growth was indeed a significant determinant of regional economic growth prior to the Russian crisis, but that this link weakened significantly thereafter.
Keywords:
WP; CIS country; Economic growth; Russia; CIS; Baltics; coefficient estimate; government expenditure; vis-à-vis Russia; country dummy; growth regression; Russia still; Consumer price indexes; Inflation; Exports; Real exchange rates
Cover IMF Working Papers
Opening Up and Geographic Diversification of Trade in Transition Economies
Mr. Oleh Havrylyshyn
and
Mr. Hassan Al-Atrash
This paper looks at the progress in transition and the geographic diversification of trade, focusing on two issues--the degree of trade openness and trade integration--for a sample of countries in transition. It concludes that about half of the group of countries sampled are becoming as open as similar market economies, but that many others remain relatively closed. Geographic diversification (to the European Union) is found to be greater the closer is geographic proximity and the more advanced the country is with reforms. The analysis is then extended, in an illustrative way, to show how much larger would be the share of exports to the EU if structural reforms were more ambitious.
Keywords:
WP; BRO country; BRO; export; Trade diversification; trade openness; transition economies; transition country; export-import pattern; market penetration; transition economy; BRO reformer; Exports; Trade balance; Gravity models; Exchange rates; Real effective exchange rates; Europe; Central Asia; East Asia; Western Europe; Middle East