Analysis of the Relationship between the Highest Price and the Trading Volume of the Energy Company Shares in Kazakhstan with Frequency Domain Causality Method

This study analyzes the impact of energy production and foreign trade on the economic growth of the Turkic Republics using the Panel Data method for the period 2000-2020. Previous scientific studies have shown that many different variables impact economic growth. This study, unlike others, focuses on the effect of energy production and foreign trade volume on economic growth. The findings showed that energy production affects the economic growth of Turkic Republics. Another important finding is that the effect of foreign trade volume on economic growth is not significant when exports and imports are considered together. This is noteworthy as it shows that energy production invariably has a significant impact on the economic growth of a country. In other words, it would be a beneficial approach for a country to give importance to energy production to increase economic growth.

Section: Kazakhstanmentioning

confidence: 99%

The Effect of Energy Production and Foreign Trade on the Economic Growth of Turkic Republics: A Study Using Panel Data Analysis Method

Ibyzhanova,

Sultanova,

Aliyeva

et al. 2024

“…However, Kazakhstan is also a hub for renewable energy sources. Thanks to its location, the country has a wealth of solar, geothermal, biofuel, hydroelectric, and wind energy resources (Zhussipova et al, 2023;Mashirova et al, 2023;Xiong et al, 2015;Ongarova, 2018;Bolganbayev et al, 2021;Niyetalina et al, 2023;Kelesbayev et al, 2022b;Abbasi et al, 2022;Li et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

The Relationship between Renewable Energy Consumption, CO2 Emissions, Economic Growth, and Industrial Production Index: The Case of Kazakhstan

Issayeva,

Dyussembekova,

Aidarova

et al. 2023

CO2 emission is an important parameter that indicates a country's development level and respect for nature. It's a well-known fact that a country's industrialization level and economic growth have a direct impact on CO2 emissions. We must prioritize the use of energy obtained from renewable sources and be mindful of our impact on the environment. This study analyses the industrial production index, economic growth, and the percentage of energy produced from renewable energy sources in energy consumption and CO2 emissions in Kazakhstan. The data are collected from the National Statistical Bureau of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, Our World in Data, and the World Bank web pages. Research data were analyzed using the Johansen cointegration test, Vector Autoregressive (VAR) analysis, Granger causality analysis, and VECM model. In the study, we analyzed three key factors that impact CO2 emissions in Kazakhstan. Our findings revealed that these factors account for 16.1% of the variability in CO2 emissions, indicating the statistical accuracy of these variables. When deciding on renewable energy investments, it is very important to determine the causal relationship between renewable energy consumption and CO2 emissions. It seems that industrial development and economic growth can occur without any major concerns about CO2 emissions. This is based on the lack of statistical significance in the relationship between CO2 emissions and both the industrial production index and economic growth.

“…This transition period has been successful thanks to Kazakhstan's rich natural resources. Kazakhstan has about 3% of the world's total oil reserves, about 1.1% of natural gas reserves, and about 3.3% of coal reserves, and its share in the world markets is growing even more with the newly discovered natural gas and oil deposits, especially on the Caspian coast (Mudarissov and Lee, 2014;Xiong et al, 2015;Bolganbayev et al, 2022;Myrzabekkyzy et al, 2022;Mashirova et al, 2023). Kazakhstan has rich fossil energy sources and renewable energy resources such as hydroelectric, solar, wind, geothermal, and biofuels (Xiong et al, 2015;Ongarova, 2018;Taibek et al, 2023;Sabenova et al, 2023;Niyetalina et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Freight and Passenger Transportation and Energy Production on Economic Growth in the Framework of Macro-Economic Indicators: The Case of Kazakhstan

Dyussembekova,

Aidarova,

Balapanova

et al. 2023

This study analyzes the impact of freight and passenger transport and energy production on the economic growth of Kazakhstan in the period 1996-2021 using the VAR model. The analysis also includes control variables such as energy production, economic growth, exchange rates, inflation, interest rates, foreign direct investment, and unemployment. The research uses data from the World Bank, the Central Bank of Kazakhstan, and the National Bureau of Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. The findings showed that freight transportation's current and one-term lagged value affects economic growth. After determining the significance of the effect, we examined its causality. The findings concluded that none of the independent variables had a causal effect on economic growth, whereas the model with all three independent variables has. The study chose a long study interval and determined the data frequency as annual. The data period may be chosen as monthly or quarterly, and the effects of fluctuations during the year may be examined separately. As the timeline graph shows, the Covid-19 period created a significant statistical disruption for passenger transport. Future researchers may analyze this effect using the series from the pandemic period.