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Взаимосвязь экономического роста и платежного баланса // Relationship between economic growth and balance of payments

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  • Құратова А.А. // Kuratova A.A.

    (National Bank of Kazakhstan)

Abstract

Статья посвящена эмпирическому анализу взаимосвязи между экономическим ростом и торговым балансом Казахстана на основе модели роста, ограниченного платёжным балансом (Закон Тирлволла, 1979). Одной из основных целей исследования является оценка равновесных долгосрочных темпов роста ВВП, как это определено законом Тирлволла, и сравнение расчётных темпов роста с фактическими данными за 2001-2019 годы. В рамках данной работы используются векторные модели коррекции ошибок (VECM) для оценки эластичностей экспорта по внешнему спросу и импорта по доходам страны. // The article is devoted to an empirical analysis of the relationship between economic growth and the trade balance of Kazakhstan based on a growth model constrained by the balance of payments (Thirlwall Law, 1979). One of the main objectives of the study is to assess the equilibrium long-term GDP growth rates, as defined by Thirlwall's law, and to compare the estimated growth rates with the actual data for 2001-2019. In this work, vector error correction models (VECM) are used to assess the elasticities of exports to external demand and imports to a country's income

Suggested Citation

  • Құратова А.А. // Kuratova A.A., 2020. "Взаимосвязь экономического роста и платежного баланса // Relationship between economic growth and balance of payments," Economic Review(National Bank of Kazakhstan), National Bank of Kazakhstan, issue 3, pages 4-13.
  • Handle: RePEc:aob:journl:y:2020:i:3:p:4-13
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    More about this item

    Keywords

    платежный баланс; экспорт; импорт; экономический рост; закон Тирлволла; VECM; economic growth; balance of payments; elasticity; Thirlwall Law; VECM;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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