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Diagnosing Growth Constraints in Central Asia: The Case of the Kyrgyz Republic

Author

Listed:
  • Meerim Sydykova

    (Department of Applied Economics V, Euskal Herriko Unibertsitatea)

  • Carlos Rodriguez

    (Department of Applied Economics V, Euskal Herriko Unibertsitatea)

Abstract

The Kyrgyz Republic is a country with a transitional economy. Its growth performance is constantly one of the lowest compared to the other members of the Commonwealth of Independent States. This weak performance is mainly caused by political instability and high corruption. Despite being a leading reformer in the region, the country has not done enough to solve its key problems. The current study employs the growth diagnostic approach proposed by Hausmann, Rodrik, and Velasco (2005, Growth diagnostics. Cambridge, MA: The John F. Kennedy School of Government, Harvard University) to identify binding constraints on growth. This article finds that weak institutional performance, high corruption, a large share of the informal economy, and an inefficient energy sector are the most binding constraints on the country’s growth.

Suggested Citation

  • Meerim Sydykova & Carlos Rodriguez, 2018. "Diagnosing Growth Constraints in Central Asia: The Case of the Kyrgyz Republic," Journal of Developing Societies, , vol. 34(3), pages 297-324, September.
    • Handle: RePEc:sae:jodeso:v:34:y:2018:i:3:p:297-324
    DOI: 10.1177/0169796X18784783
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    References listed on IDEAS

    as
    1. Pradeep Mitra, 2008. "Innovation, Inclusion, and Integration : From Transition to Convergence in Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 6475.
    2. Jesus Felipe & Norio Usui & Arnelyn Abdon, 2011. "Rethinking The Growth Diagnostics Approach: Questions From The Practitioners," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 251-276.
    3. Dani Rodrik, 2006. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 973-987, December.
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