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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Main Author: Batchimeg Bayaraa
Format: Article
Language:English
Published: University of Debrecen 2018-05-01
Series:Apstract: Applied Studies in Agribusiness and Commerce
Subjects:
Ndp
Online Access:https://ojs.lib.unideb.hu/apstract/article/view/5165
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spelling 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
collection 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
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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