CEU Electronic Theses and Dissertations, 2025
| Author | Yertay, Aruzhan |
|---|---|
| Title | Economic diversification and growth in CIS countries: Panel data analysis |
| Summary | This thesis investigates the relationship between economic diversification and economic growth in Commonwealth of Independent States (CIS). The study uses panel data for 9 CIS countries from 2002 to 2021, where Herfindahl-Hirschman Index (HHI) is used to measure the economic diversification and GDP per capita growth to measure economic growth. The analysis reveals a negative coefficient for HHI, showing that more diversified countries or lower HHI associated with higher GDP growth. Additionally, diversification benefits most with lower resource dependence and the effect diminishes as it increases after the threshold of 20.4% in CIS. The study shows that there is no one fit policy for all, and it should be tailored for each economy individually. |
| Supervisor | Anand Murugesan |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2025/yertay_aruzhan.pdf |
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