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Relationship between Inflation and Economic Growth in the Kyrgyz Republic

Author

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  • Harun YAKIŞIK

Abstract

Most fundamental macroeconomic objective of the most other countries, as well as the Kyrgyz Republic, is to sustain low inflation rates together with high economic growth. Recently, the relationships between inflation and economic growth have been hotly debated. These works investigate relationship between inflation and economic growth. Ultimately, it has been tested whether a meaningful relationship is held in the Kyrgyz Republic. The considered period consists of 10 years (1995-2005). Regression for economic growth has been used with Kumtor and without Kumtor, because influence of activities of the gold mining company is significant and can “wipe off” influences of other macroeconomic factors.

Suggested Citation

  • Harun YAKIŞIK, 2007. "Relationship between Inflation and Economic Growth in the Kyrgyz Republic," Sosyoekonomi Journal, Sosyoekonomi Society, issue 2007-2.
    • Handle: RePEc:sos:sosjrn:070201
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    References listed on IDEAS

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    1. Dr Donald Brash, 1997. "The new inflation target and New Zealanders' expectations about inflation and growth," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 60, March.
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    1. Lars E. O. Svensson, 1999. "Inflation Targeting: Some Extensions," Scandinavian Journal of Economics, Wiley Blackwell, vol. 101(3), pages 337-361, September.

    More about this item

    Keywords

    Monetary Policy; Inflation; Economic Growth; Economic Policy.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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