Display of Factor -- Utilization in Central Asia
13 Pages Posted: 27 Apr 2015
Date Written: April 27, 2015
This paper illustrates a simple method to elicit the income accounts in the context of incomplete macroeconomic data. The method the enables the display of widely used factor utilization function in macroeconomics. The analysis of this function with reference to four Central Asian economies (Kazakhstan, Mongolia, Kyrgyzstan and Uzbekistan) provides the basis for studying factor shares of income and the relative contributions of factors to economic growth.
Keywords: Kazakhstan, Mongolia, Kyrgyzstan, Uzbekistan, macroeconomics
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