2020
DOI: 10.1080/02634937.2020.1812530
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Circling the barrels: Kazakhstan’s regime stability in the wake of the 2014 oil bust

Abstract: Most of Kazakhstan's wealth hinges on oil rents, and the overall performance of the economy is closely linked to petroleum's price fluctuations. This study asks (1) why the institution of private ownership of oil proceeds has not led to a positive transformation of patron-client relations embedded in the country's energy sector, thus challenging the relevance of the 'private ownership' narrative, and (2) why the collapse in the price of oil did not affect the stability and essential character of the regime in … Show more

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Cited by 5 publications
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