Trade composition and economic growth: evidence from Central Asian countries

Sabina Akhter () and M. Afzal Mir
Additional contact information
Sabina Akhter: University of Kashmir
M. Afzal Mir: University of Kashmir

Eurasian Economic Review, 2025, vol. 15, issue 3, No 2, 537-570

Abstract: Abstract The main objective of this research is to examine the impact of the composition of international trade on the economic growth of five Central Asian countries, namely, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, with the application of the Panel Autoregressive distributed lag model approach between 1995 and 2021. The empirical findings show that primary good exports have no impact on economic growth and primary good imports affect growth negatively. We find that manufacture exports, fuel exported commodities and capital imports have a positive impact on the GDP per capita. As a result, particular policy actions might be implemented to encourage an expansion of exports and imports in such sectors, which may be linked to higher economic growth outcomes and must be handled appropriately and individually. When the constraints on imports remain in effect, export promotion as a growth strategy will only have a limited impact.

Keywords: International trade; Economic growth; Central Asia; ARDL; Panel data model (search for similar items in EconPapers)
JEL-codes: C33 C40 F1 F14 F6 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40822-025-00315-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurase:v:15:y:2025:i:3:d:10.1007_s40822-025-00315-0

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40822

DOI: 10.1007/s40822-025-00315-0

Access Statistics for this article

Eurasian Economic Review is currently edited by Dorothea Schäfer

More articles in Eurasian Economic Review from Springer, Eurasia Business and Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().