Determinants of Mongolian Economic Growth
Mongolia is the second largest landlocked country, which has unique economic condition. This paper aims to examine Mongolian economic growth from 2000 until 2016 and identify its determinants. The growth was studied based on the growth rate of National Domestic Product. Initially, 20 macroeconomic...
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University of Debrecen
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doaj-9434459eb9df45c5a7141e03b8c2aee52020-11-25T02:12:33ZengUniversity of DebrecenApstract: Applied Studies in Agribusiness and Commerce1789-221X1789-78742018-05-01121-210.19041/APSTRACT/2018/1-2/9Determinants of Mongolian Economic GrowthBatchimeg Bayaraa0University of Debrecen. Faculty of Economics and Business. Institute of Accounting and Finance Mongolia is the second largest landlocked country, which has unique economic condition. This paper aims to examine Mongolian economic growth from 2000 until 2016 and identify its determinants. The growth was studied based on the growth rate of National Domestic Product. Initially, 20 macroeconomic variables are chosen and tested for the economic growth determinators such as; unemployment rate, human capital index, import growth, inflation rate, export growth, and interest rate, etc. The results showed that the growth rate of dollar exchange, inflation rate, and the growth rate of export were the main factors (81.4%). Mongolian GDP per capita and poverty rate were compared with other Asian lower-middle-economies, which are classified in the same classification as Mongolia. An increment of average salary was adjusted by the inflation rate, which showed the purchasing power declined in 2015. Statistics of Central Bank of Mongolia, Central Intelligence Agency, World Bank’s statistics, and the statistics from National Statistics Office of Mongolia are used for the research. JEL Classification: H0, H30, H6, H70 https://ojs.lib.unideb.hu/apstract/article/view/5165NdpNational Domestic ProductEconomic GrowthExport Growth RateInflation RateDollar Exchange Growth Rate |
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DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Batchimeg Bayaraa |
spellingShingle |
Batchimeg Bayaraa Determinants of Mongolian Economic Growth Apstract: Applied Studies in Agribusiness and Commerce Ndp National Domestic Product Economic Growth Export Growth Rate Inflation Rate Dollar Exchange Growth Rate |
author_facet |
Batchimeg Bayaraa |
author_sort |
Batchimeg Bayaraa |
title |
Determinants of Mongolian Economic Growth |
title_short |
Determinants of Mongolian Economic Growth |
title_full |
Determinants of Mongolian Economic Growth |
title_fullStr |
Determinants of Mongolian Economic Growth |
title_full_unstemmed |
Determinants of Mongolian Economic Growth |
title_sort |
determinants of mongolian economic growth |
publisher |
University of Debrecen |
series |
Apstract: Applied Studies in Agribusiness and Commerce |
issn |
1789-221X 1789-7874 |
publishDate |
2018-05-01 |
description |
Mongolia is the second largest landlocked country, which has unique economic condition. This paper aims to examine Mongolian economic growth from 2000 until 2016 and identify its determinants. The growth was studied based on the growth rate of National Domestic Product. Initially, 20 macroeconomic variables are chosen and tested for the economic growth determinators such as; unemployment rate, human capital index, import growth, inflation rate, export growth, and interest rate, etc. The results showed that the growth rate of dollar exchange, inflation rate, and the growth rate of export were the main factors (81.4%). Mongolian GDP per capita and poverty rate were compared with other Asian lower-middle-economies, which are classified in the same classification as Mongolia. An increment of average salary was adjusted by the inflation rate, which showed the purchasing power declined in 2015. Statistics of Central Bank of Mongolia, Central Intelligence Agency, World Bank’s statistics, and the statistics from National Statistics Office of Mongolia are used for the research.
JEL Classification: H0, H30, H6, H70
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topic |
Ndp National Domestic Product Economic Growth Export Growth Rate Inflation Rate Dollar Exchange Growth Rate |
url |
https://ojs.lib.unideb.hu/apstract/article/view/5165 |
work_keys_str_mv |
AT batchimegbayaraa determinantsofmongolianeconomicgrowth |
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1724908790360309760 |