This article examines the effects of remittances inflow on economic growth in Kyrgyz Republic. We analyzed relationships between the remittances inflow, real GDP, CPI, exchange rate, import and international reserves by using the vector autoregression approach (VAR) and monthly data for 2005-2012. As a result it has been found that remittances inflow positively effects on output and import which lasts only for two months and negatively on exchange rate of foreign currency (dollar).

The endogeneity of the money supply hypothesis is one of the most discussed and researched topics in the theoretical and empirical literature. According to this hypothesis, the money supply is determined internally within the economy. The aim of this study is to test this hypothesis in the member countries of the Eurasian Economic Union. In order to achieve the goal, the quarterly data of the five countries for the years 2010-2021 was analyzed by panel data analysis. First of all, bank loans were taken as the dependent variable and it was determined that there is a cointegration relationship between these variables. While all three independent variables affected the total loan amount in the short run, the coefficient of money supply was statistically insignificant in the long run. According to the results, one dollar increase in deposit amount increases the loan volume to $0.06 on average in the long run. A one-dollar increase in GDP increases it to 0.3 dollars. In addition, the panel ARDL cointegration test was applied by accepting the deposit amount, M2, M2X money supply and GDP variables as the dependent variables, but no cointegration relationship was found between the variables in all models. In the light of these results, it can be said that the money endogeneity hypothesis is not valid in the Eurasian Economic Union countries in general.

As it is known, in 2010, a customs union with three participants, Belarus, Russia and Kazakhstan, was formed on the territory of the former Soviet Union. In 2015, the union moved to another stage, the economic union. In 2015, Kyrgyzstan became a full member of this union and is currently trying to adapt to new economic conditions. In particular, the Agricultural Policy Department of the Eurasian Economic Commission is currently actively working on the development and implementation of common agricultural policy. Kyrgyzstan, despite the limited territory for agricultural production, is an agricultural country and has a comparative advantage in this sector. Therefore, the country should take an active role in the development of a common agricultural policy and create favorable conditions for the development of the own agrarian sector and use advantages. The purpose of this work is to analyze the developed plans and policies of the Agricultural Policy Department of the Eurasian Economic Commission, as well as conduct a comparative analysis with the common agricultural policy of the European Union, and at the end to make proposals.

In many developing countries, out of shortage of savings and capital external resources as external debt, foreign direct investment and transfers play significant role in the fostering economic growth and development. The aim of this paper is to investigate the impacts of external public debt, current transfers and foreign direct investments on GDP of Kyrgyz Republic. By using quarterly data during 2000Q1-2017Q3 and the ARDL estimation method, the long-rum cointegration relationship between current transfers, external debt, FDI and GDP was found. According to the results, current transfers' contribution to the country's economy is more than government debts. It is suggested that the government should focus more on foreign direct investments than foreign debts and current transfers in the long term.

Sound fiscal policy is very important to promote price stability and sustainable growth in real economy. Thus, understanding the relationship between government spending and revenue is also essential to evaluate how to address fiscal imbalances. So, the focus of this research is to investigate the relationship between government revenue and spending in Kyrgyzstan. For this purpose, we have used an Autoregressive Distributed Lag (ARDL), also Variance Decomposition approach and found that these two data are cointegrated. Findings support “the tax- spend hypothesis” for fiscal discipline in Kyrgyzstan over the period of 1995-2014. In other words, according to the results, increase in real government revenue results in even higher public expenditure.