https://mt.osce-academy.kg/handle/123456789/11 2025-11-13T09:22:03Z 2025-11-13T09:22:03Z Ataev, Ulugbek https://mt.osce-academy.kg/handle/123456789/107 2021-03-30T12:13:53Z 2018-01-01T00:00:00Z

Title: The Effect of Net Capital Outflow on Unemployment Rate in the OECD Countries 2000–2016 Authors: Ataev, Ulugbek Abstract: Ongoing assumptions on deterioration of the domestic labor market due to capital outflow in the form of FDI are, today, one of the highly disputed areas in economics. Hence, we decided to conduct an empirical research, namely, macroeconomic analysis on studying actual effects of net outward capital on domestic unemployment level of the developed OECD countries. In details, we selected 35 sample countries from the member countries of the OECD and examined them through 17 years period that falls within 2000 - 2016. For our econometric investigation, we built a dynamic panel data for the sampled countries and period based on the WB statistics. Moreover, we constructed our econometric model based on the previously studied works and by including new control variables in order to derive robust empirical results upon regression. Namely, unemployment rate of the OECD member countries was our dependent variable; whereas, such variables as net outward FDI in current billion USD, population growth, inflation rate, dummy variable that captured major effects of financial crisis on unemployment rates in 2008 – 2013, and 1 year lagged variable of our dependent variable were applied as independent variables for our model. Furthermore, we examined our model through one-step GMM Arellano-Bover/Blundell-Bond estimation method. Thus, on the basis of our regression results, it is found that net FDI outflow positively affects on home labor markets of the developed countries, whereas the rest independent variables have shown the opposite trends. Consequently, having provided the forecasted outcome, our focused independent variable net FDI outflow served to prove the set alternative (Ha) hypothesis; whereas, the null hypothesis (H0) has been rejected within our model.

2018-01-01T00:00:00Z Abduqayumov, Shukrillo https://mt.osce-academy.kg/handle/123456789/106 2021-03-30T12:13:53Z 2018-01-01T00:00:00Z

Title: Economic Impact of Institutional Quality on Environmental Performance in Post-Soviet Countries Authors: Abduqayumov, Shukrillo Abstract: Maintaining the balance between economic growth and environmental performance is a new trend of challenges for developing countries. The Economic Impact of Institutional Quality on Environmental Performance is analyzed from 2001 to 2017 using multinational panel data for 15 Post Soviet-Countries. This research investigates the relationship between the indicators of institutional quality as government effectiveness and regulatory quality on environmental performance, and this research is first of its kind utilizing a comprehensive indicator for environmental performance, for example, EPI as an empirical paper for post-Soviet-Countries. We utilize an instrumental variable method in Generalized Method of Moments, in order to introduce dynamics and then check for endogeneity. Two WGI indicators are utilized to find each indicators impact on environmental performance. Also incorporating GDP Per Capita, Industrial Manufacturing, Industry Efficiency, Urbanization, and Secondary Education impact on Environmental Performance. The study results on institutional quality are significant and show a strong positive impact on environmental performance. Economic growth and secondary education show a negative significant association. Industrial manufacturing found to be insignificant, while urbanization shows a strong positive relationship with environmental performance.

2018-01-01T00:00:00Z Faqerov, Sattor https://mt.osce-academy.kg/handle/123456789/105 2021-03-30T12:13:53Z 2018-01-01T00:00:00Z

Title: Macroeconomic and Bank Specific Determinants of Non-Performing Loans in Tajikistan Banking Sector Authors: Faqerov, Sattor Abstract: The problem of non-performing loans (NPLs) is one of the factors that negatively affect the soundness of the banking sector. This paper investigates to detect the determinants of non-performing loans (NPLs) of Tajikistan for a sample of eleven banks and five microcredit deposit organizations for the period of 2010-2017. In terms of credit portfolio and total assets, these five microcredit deposit organizations are more active and existing for a long time than other credit institutions. From 2010 to 2017, the ratio of NPLs in Tajikistan has experienced high growth. Additionally, an increase of non-performing loans deteriorated on-time customer service of the banking system, detrimentally affected financial stability of the whole banking sector in Tajikistan. Due to these issues, this paper investigates the impact of macroeconomic and bank-specific factors on the ratio of NPLs. The analysis is based on a sample of 16 financial institutes for over period of 8 years, and Generalized Method of Moments estimator for dynamic panel models is used. NPL to total loans is the dependent variable, and macroeconomic variables are money supply (LnM2) and remittances (LnRemit). Moreover, bank-specific variables like lagged NonPerforming Loans, Return on Assets, Loan to Total Assets, Capital Adequacy Ratio, and Total Assets will be used as independent variables. The outcome of estimation found that all macroeconomic variables significantly have an effect to loan losses and except total assets, the rest of the bank-specific variables significantly impact to the NPL ratio.

2018-01-01T00:00:00Z Sulaimanov, Sanzhar https://mt.osce-academy.kg/handle/123456789/104 2021-03-30T12:13:53Z 2018-01-01T00:00:00Z

Title: The Impact of Trade Facilitation Measures on Bilateral Trade Flows of Middle-Income and Central Asian Countries for the Year of 2016 Authors: Sulaimanov, Sanzhar Abstract: This paper observed the relationship between trade facilitation measures that are expressed through the OECD Trade Facilitation Indices and the bilateral trade flows (exports and imports) of the Middle-Income Countries (MICs) for the year of 2016. The author chose 110 MICs because CA and CIS countries fall into the category. The author used the OECD database along with the UN Comtrade (BACI) database in his Gravity model of trade flows. The author used the Heckman Maximum Likelihood estimation strategy with restrictions on common language, colony ties, and common colonizer. The findings indicate that there is a positive and significant effect between the improvement in the TFIs and the increase in trade flows. The author has combined quantitative for trade of the MICs and the qualitative research of customs efficiency of the CA countries. The qualitative research covered the time span from 2016 to 2018. The analysis shows that in order to improve the situation with the customs on the border, it is necessary to upgrade infrastructure, conduct capacity building for the staff, and reform the chain-of-command system. Detailed results can be found in the end of the thesis.

2018-01-01T00:00:00Z