An Analysis of Kyrgyz Manufacturing Industry by Using Input-Output Techniques
As is known, there are various economies on the Eurasian continent area, which differ from each other by structure, potential and growth performance. Region's development depends on those economies growth and relationship between them. Viewed from this perspective, it’s become actual for Kyrgyzstan to research and evaluate the importance of manufacturing industry contribution to the economy. Given article aimed to study the reached stage in the process of manufacturing industry development, the position in the economy and economic policy tools, recommendations that will bring solutions to the identified problems. Research based on input-output analysis and as basic data used input-output tables prepared for the year 2005 and 2008 by the National Statistics Committee of Kyrgyz Republic. In the paper calculated the linkages among the industrial sector, direct and indirect sectoral demands, defining key sector for Kyrgyzstan’s Economy and explained sectoral analysis of production structure. For a better assessment of manufacturing industry, in paper discussed its structure, properties, dynamic aspects of change. The results are as follows: manufacturing industry inadequate in the economy and externally dependent; economy-wide inter-sectoral interaction is weak; manufacture of coke, refined petroleum products; manufacture of chemical products; manufacture of other non-metallic mineral products; manufacture fabricated metal products; manufacture of machinery and equipment calculated as key sectors. Also they are Kyrgyzstan's economy locomotive for economic growth among the other sectors. Therefore, realization of investments will stimulate the production capacity increase of manufacturing industry, strengthening of intersectoral relationships and stable macro-economic planning are important for achieve economic growth.