ASSESSMENT OF THE RELATIONSHIP BETWEEN IMPORT, EXPORT AND ECONOMIC GROWTH IN KYRGYZSTAN

This paper examines the nature and extent of interaction and feedback between export, import and Еconomic growth in Kyrgyz economy for the 1992-2013 period. The results of the Granger-causality test show that there is cousality from import to export and ekonomic growth. Also a result of the VAR analysis of these variables indicates that there is a positive relationship between economic growth and import. But there is no causuality realtionship between exports and economic growth. Between import and export has a very close relationship, and this relationship increases over the time.

ASSESSMENT OF THE RELATIONSHIP BETWEEN IMPORT, EXPORT AND ECONOMIC GROWTH IN KYRGYZSTAN

This paper examines the nature and extent of interaction and feedback between export, import and Еconomic growth in Kyrgyz economy for the 1992-2013 period. The results of the Granger-causality test show that there is cousality from import to export and ekonomic growth. Also a result of the VAR analysis of these variables indicates that there is a positive relationship between economic growth and import. But there is no causuality realtionship between exports and economic growth. Between import and export has a very close relationship, and this relationship increases over the time.

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