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Original research
SECTORAL APPROACH TO THE REGULATION OF INVESTMENT CLIMATE AND ITS APPLICATION TO THE ECONOMY OF THE KYRGYZ REPUBLICPages 37-44
Abstract
The goal of this paper is to develop a sectoral approach to the regulation of the investment climate and recommendations for its application to the economy of the Kyrgyz Republic. This empirical research is conducted based on the statistical data on the investment-driven economy of the Kyrgyz Republic for 2010-2023. Using the data, an econometric model of the sectoral investment-driven economy of the Kyrgyz Republic is compiled, which specifies the consequences of changes in the tools of state regulation with the state of the investment climate in the sectors of the Kyrgyz economy. A new approach to regulating the investment climate in the economy is proposed, which is notable for flexible changes in the activity of using the tools of state regulation of the investment climate by the sectors of the national economy. The author's recommendations are given for the practical application of the sectoral approach to regulating the investment climate in the economy of the Kyrgyz Republic. Their application will allow increasing value-added, created in all main sectors of the Kyrgyz economy, including chemical, food, machine-building, textile, and high-tech industry, service sphere, and agriculture, and achieving the growth of the net inflow of foreign direct investments in the economy of the Kyrgyz Republic. Systemic implementation of the author’s solutions will allow improving the government investment policy in the Kyrgyz Republic, ensuring the inflow of additional private financial resources in the economic sectors, and accelerating the development of all sectors in support of the diversification of national production and exports.
Keywords: Sectoral approach, Investment policy, Regulation of investments, Investment climate, Economy of the Kyrgyz Republic.
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Arzybek O. Kozhoshev, 
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