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

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.

Anahtar Kelimeler:

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

AN EMPIRICAL ANALYSIS OF INVESTMENTS’ IMPACTON THE ECONOMY OF KYRGYZSTAN

Keywords:

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

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