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Export structure and performance in a landlocked transitional economy: The case of Kyrgyz Republic

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  • Prema-chandra Athukorala

Abstract

Thanks to the market-oriented reforms undertaken since the early 1990s, the Kyrgyz Republic has emerged as one of the most globally integrated economies in the former Soviet space and the centre of entrepôt trade in Central Asia. However, the patterns of global economic integration of the Kyrgyz economy have so far been rather lopsided. While there have been some notable changes in the structure of exports in line with the country’s comparative advantage, export expansion has not kept pace with rapid import penetration in the economy. This has led to increased dependence of the economy on migrant-worker remittances and external financing. The composition of external financing has begun to shift from grants and concessionary loans towards borrowing at commercial rates, thus potentially exposing the economy to additional external economic shocks. A major contemporary policy challenge faced by the country is broadening the export base. This requires speedy implementation of behind-the-border reforms to supplement the significant opening of the economy to foreign trade and investment.

Suggested Citation

  • Prema-chandra Athukorala, 2018. "Export structure and performance in a landlocked transitional economy: The case of Kyrgyz Republic," Departmental Working Papers 2018-24, The Australian National University, Arndt-Corden Department of Economics.
    • Handle: RePEc:pas:papers:2018-24
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    File URL: https://acde.crawford.anu.edu.au/sites/default/files/publication/crawford01_cap_anu_edu_au/2018-10/final_2018_-_24.pdf
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    More about this item

    Keywords

    Kyrgyz Republic; transition economy; landlocked countries; export performance;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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