Economic Growth and Productivity Performance in Central Asia
Mirzobobo Yormirzoev ()
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Mirzobobo Yormirzoev: University of Central Asia
Comparative Economic Studies, 2022, vol. 64, issue 3, No 5, 520-539
Abstract This paper analyzes patterns of long-term economic performance in all five Central Asian countries. We first look at sources of economic growth based on a simple growth accounting exercise. Our findings show that under the period of study total factor productivity growth rates were modest ranging from 1.7% for Kazakhstan, 1.4% for Uzbekistan, and 0.8% for Tajikistan and Turkmenistan to—0.4% for the Kyrgyz Republic. The second part of the paper is connected with exploring productivity level analysis across all Central Asian countries by decomposing differences in output per worker into differences in capital intensity and productivity. Results reflect different levels of productivity performance in the region compared with Japan and South Korea as frontier economies for the analysis.
Keywords: Economic performance; Growth and productivity accounting; Transition economy; Central Asia; O11; O47; O53; O57; P51 (search for similar items in EconPapers)
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