Raziyahan ABDİYEVA | Zamira ÖSKÖNBAYEVA

Proceedings Paper | 2016 | International Conference on Eurasian Economies / Uluslararası Avrasya Ekonomileri Konferansı

This study investigates the impact of exchange rate on aggregate output for a group of 10 transition economies using panel simultaneous equation model. The model is estimated by generalized two-stage least squares method. The annual data used in the study cover the period from 1998 to 2014 for selected transition countries which are: Azerbaijan, Kazakhstan, Kyrgyzstan, Belarus, Georgia, Moldova, Russia, Tajikistan, Ukraine and Latvia. The result of the study indicates that there is a relationship between exchange rate and macroeconomic variables under consideration. It can be concluded that output effect of exchange rate changes is . . .contractionary in the first year. In the second year this impact is completely reversed. Thus, the impact of exchange rate on output is neutral in the long run. The findings of the study will provide useful information to researchers and policymakers focusing on exchange rate issues in transition countries More less

Raziyahan ABDİYEVA | Zamira ÖSKÖNBAYEVA

Proceedings Paper | 2015 | International Conference on Eurasian Economies / Uluslararası Avrasya Ekonomileri Konferansı

Renewable energy plays a crucial role in increasing economic growth while reducing carbon dioxide emissions. The aim of this study is to examine the interaction between renewable energy consumption, economic growth and carbon dioxide emissions for selected Middle East and North Africa countries. For this aim, panel vector autoregression approach is used in the study. The annual data used in this study cover the period from 1988 to 2010 for Middle East and North Africa countries. Firstly, second generation unit root test are used to investigate stationarity properties of the variables and second generation panel cointegration test is . . . applied to the data under consideration because of the cross-sectional dependence. Then a panel causality approach is proposed to examine the causal relationship between the variables. Finally, panel vector autoregression model, impulse-response and variance decomposition analysis are applied using generalized moment methods. The finding of this study shows that there is a bi-directional causality between growth and renewable energy consumption, which is consistent with the feedback hypothesis in terms of the energy consumption-growth nexus. It is found the evidence of unidirectional causality from carbon dioxide emissions to renewable energy consumption and from growth to carbon dioxide emissions. It is also found that the responses of growth to a shock of energy consumption are positive and the impact of renewable energy consumption on carbon dioxide emissions is negative. More less

Zamira ÖSKÖNBAYEVA | Aynura TURDALİYEVA

Proceedings Paper | 2011 | International Conference on Eurasian Economies / Uluslararası Avrasya Ekonomileri Konferansı

Input-output analysis is an analytical technique widely used both in developed and developing countries which reflects the production consumption relationships of production sectors of a country’s economy. At the same time it is the macroeconomic analysis tool that defines economic relations of each sector by production and consumption. During the process of globalization all developed and developing country economies are trying to open their economies in order to provide their economic development. However, the openness can lead to negative consequences in some countries such as increasing their external dependence. In this paper i . . .t is aimed to investigate the structure of foreign trade of Kazakhstan and to measure the external dependence of economy. For this purpose, with the help of input-output tables prepared for the period of 2006-2009, the inverse import matrix will be calculated by using coefficients of foreign trade flows, consequently the import quantities necessary to meet final demand and their changes during the period will be examined. According to the results obtained the potential impact of Kazakhstan’s foreign trade structure on both Kyrgyzstan and other Central Asian Turkish Republics will be discussed More less

Zamira ÖSKÖNBAYEVA

Proceedings Paper | 2012 | International Conference on Eurasian Economies / Uluslararası Avrasya Ekonomileri Konferansı

Foreign trade plays an important role in development of each country. Kyrgyzstan, like other transition economies started to open up to foreign countries after achieving it's independence and began to practice it’s own foreign trade policies. But during a 21-year period, a surplus in the trade balance was recorded in 2000 and 2001. In other words, the country's economy has faced a chronic deficit of foreign trade. The main objective of this paper is to study the impacts of domestic income and exchange rate on imports by considering the period after 2000 through econometric method by using of monthly data and according to the results . . . obtained to suggest policy recommendations More less