Impact of Foreign Trade on the Economic Growth of the Kyrgyz Republic.pdf

1、Foreign trade has been identified as an instrument and driver of economic growth (Frankel and Romer, 1999).It plays a vital and central role in the development of a modern global economy.Its impact on the growth and deve

2、lopment of countries has increased considerably over the years and has significantly contributed to the advancement of the world economy.Over the past decades the volume of foreign trade between nations of the world has

3、increased considerably.The difference in opinion and empirical findings on the impact of foreign trade on economic growth is of serious concern, especially in developing countries; and necessitates further researches.Thi

4、s research contributes to the debate on the impact of foreign trade on economic growth using Kyrgyzstan as a case study.It starts with a review of conceptions as well as the evolution of Kyrgyzstan's foreign trade regime

5、 and the policy.In addition, Kyrgyzstan's foreign trade performance is analyzed extensively.The main objective of this study is to investigate the influence of foreign trade on economic growth in Kyrgyzstan since indepen

6、dence.Also estimate the state of development of foreign trade of Kyrgyzstan, taking into account the republic's participation in regional trade agreements and WTO.The research is conducted with OLS techniques, running re

7、gression model on exports, imports, trade turnover and GDP of Kyrgyzstan as the variables.The empirical investigation shows positive relationship between trade turnover and GDP of the Kyrgyz Republic.Policy implications