International Congress on Eurasian Economies

International Conference on Eurasian Economies

5-7 October 2017 – Bishkek, KYRGYZSTAN

Paper detail

Paper ID : 1974
Status : Paper published
Language : Turkish
Topic : Regional Economics
Presenter: Serhat Atmaca
Session : 5C Kalkınma

The Impact of Government Spending On Economic Growth in Kazakhstan and Kyrgyzstan
Kazakistan ve Kırgızistan’da Kamu Harcamalarının Ekonomik Büyümeye Etkisi

Abstract

The realization of economic growth in order to grow and develop an economy and increase social welfare is one of the basic aims of every society. For this reason, states are making great efforts to realize economic growth and make it sustainable. In this context, the impact of public expenditure on the economic growth of countries is a matter of research. Government spending can be classified economically as expenditure on capital and current expenditures, functionally as general public services, defense services, education services, public order and security services, economic affairs and services, environmental protection services, health services and other services. There are also investment expenditures made by the government for economic development. In particular, public investment expenditures complementary to private investments have positive effects on growth. The Kazakhstan and Kyrgyzstan economies, which are in the category of developing countries, are looking for ways to achieve development and growth and are implementing various practices and economic policies in this process. In this context, Kazakhstan and Kyrgyzstan have the main purpose of studying and analyzing the effects of the public expenditures that they think will be effective on economic growth. The various variables of public spending in the study were examined with the Karma Average Group (PMG) model, which shows how Kazakhstan and Kyrgyzstan's growth affected their growth in the short and long term. As a result, public spending has been influenced by economic growth and it has been determined which components are active on a country basis.

JEL codes: 000

Atmaca, Serhat, Bayrak, Metin (2017). "The Impact of Government Spending On Economic Growth in Kazakhstan and Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2017, pp.389-399, Bishkek, KYRGYZSTAN.

DOI: https://doi.org/10.36880/C09.01974

Full paper in PDF format.

Session 5C: Kalkınma

Eurasian Economists Association Kyrgyz-Turkish Manas University Istanbul Beykent University Doğuş University