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Economic Growth and Productivity Performance in Central Asia

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  • Mirzobobo Yormirzoev

    (University of Central Asia)

Abstract

This paper analyzes patterns of long-term economic performance in all five Central Asian countries. We first look at sources of economic growth based on a simple growth accounting exercise. Our findings show that under the period of study total factor productivity growth rates were modest ranging from 1.7% for Kazakhstan, 1.4% for Uzbekistan, and 0.8% for Tajikistan and Turkmenistan to—0.4% for the Kyrgyz Republic. The second part of the paper is connected with exploring productivity level analysis across all Central Asian countries by decomposing differences in output per worker into differences in capital intensity and productivity. Results reflect different levels of productivity performance in the region compared with Japan and South Korea as frontier economies for the analysis.

Suggested Citation

  • Mirzobobo Yormirzoev, 2022. "Economic Growth and Productivity Performance in Central Asia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 520-539, September.
    • Handle: RePEc:pal:compes:v:64:y:2022:i:3:d:10.1057_s41294-021-00156-1
    DOI: 10.1057/s41294-021-00156-1
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    1. Syed Sadaqat Ali Shah & Muhammad Asim Afridi, 2023. "Cyclical variation of fiscal multipliers in Caucasus and Central Asia economies: an empirical evidence," Economic Change and Restructuring, Springer, vol. 56(6), pages 4531-4563, December.

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