ECONOMETRIC MODEL OF ANALYSIS AND FORECASTING OF STRUCTURAL SHIFTS OF THE ECONOMY OF THE KYRGYZ REPUBLIC

Authors : Kalybek CHOROEV

Pages : 29-34

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Publication Date : 2021-10-27

Article Type : Research Paper

Abstract :One of the urgent problems of economic reforms in countries with economies in transition is overcome the structural imbalances in the economic system inherited from the planned economy. This article is devoted to the analysis and modeling of the process of structural imbalances and the forecast of the development of the economy of the Kyrgyz Republic. Methods for analyzing structural changes in the national economy using an econometric model based on a production function are proposed. The necessity of developing a three-sector model based on the production function for the analysis and forecasting of economic development has been substantiated. The state of socio-economic development, the state of the investment climate in the Kyrgyz Republic has been analyzed.
Keywords : econometric models, structure of the economy by sector, structural imbalance, three sector model of the economy, production functions, forecast