Kazakhstan–BRICS Economic Cooperation: Exploring the Possibilities

Mahmood, Monowar; Mostafa, Golam

doi:10.1080/19448953.2018.1379750

Cited by 5 publications

(4 citation statements)

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“…Similar problems are observed in mesoscale regions. The improvement in the financial performance of most Kazakhstani companies, in particular the increase in the capitalisation of the stock market as an indicator of financial efficiency, does not yet indicate a significant increase in the competitiveness of the economy of Kazakhstan (Mahmood & Mostafa, 2017).…”

Section: Resultsmentioning

confidence: 99%

“…From the standpoint of the long-term growth of the state economy, structural changes towards an increase in the part of the industrial sector are not enough. The topic of restructuring is combined not only with the neutralisation of regressive ones, but above all with the implementation of modern structural transformations (Mahmood & Mostafa, 2017). In a market economy, structural indicators come to the fore, characterising the relationship of its sectors with certain types of markets, their orientation towards internal and external demand.…”

Section: R E T R a C T E Dmentioning

confidence: 99%

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RETRACTED: Trends in the development of the economic system in the Republic of Kazakhstan

Kaiyrgaliyeva¹,

Appakova

Nesipbekov

et al. 2022

Bus Strat Dev

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The study of issues of development and modernisation of the existing structure of economy is central to the scientific activity of the Republic of Kazakhstan. The purpose of the study is to consider the trends in the development of the economic system in the territory of the Republic of Kazakhstan. The study used methods of analysis and synthesis of information, the comparative method, induction and deduction and analysis of research papers, which is relevant to the subject matter. The conclusions were drawn that the modernisation and development of the economy of Kazakhstan is a complex step-by-step process, which includes: mastering the manufacturing of modern products; renovation of production equipment; organic integration into the latest world innovation processes; requalification of people. The practical significance of the study is that it can be used by theorists and practitioners to investigate the development of the economic system in the Republic of Kazakhstan.

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Section: Resultsmentioning

confidence: 99%

Section: R E T R a C T E Dmentioning

confidence: 99%

RETRACTED: Trends in the development of the economic system in the Republic of Kazakhstan

Kaiyrgaliyeva¹,

Appakova

Nesipbekov

et al. 2022

Bus Strat Dev

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“…Among the former USSR transition economies, Kazakhstan is the second largest economy after Russia and is viewed as the economic, political and financial hub of Central Asia. Currently, Kazakhstan is pursuing economic integration policies with regional and global economic organizations and planning to participate in bilateral, multilateral and international forums (Mahmood and Mostafa, 2018). The recent establishment of the Eurasian Economic Union, including Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia is an indication of the future economic policy of Kazakhstan.…”

Section: Introductionmentioning

confidence: 99%

Earnings management, audit quality, and cost of debt: evidence from a Central Asian economy

Orazalin

Akhmetzhanov²

2019

MAJ

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Purpose This study aims to examine the effects of earnings management and audit quality on cost of debt of listed companies in Kazakhstan. The study also investigates the effects of audit quality on earnings management and whether the relationship between earnings management and cost of debt is affected by audit quality in the context of a given emerging economy. Design/methodology/approach The study sample consists of public companies listed in the Kazakhstan Stock Exchange (KASE) from 2011 to 2016, and all data were obtained from audited financial statements and annual reports downloaded from the webpage of KASE. The study uses the cross-sectional ordinary least squares technique to test the impact of audit quality and earnings management on cost of debt. Findings The collected empirical evidence shows that earnings management is negatively related to cost of debt. The findings also indicate that higher audit quality leads to a lower cost of debt. However, the results suggest that audit quality has no impact on earnings management and that the effect of earnings management on cost of debt is not different for the companies audited by the Big Four and for the companies audited by other audit firms. Practical implications The findings of the study can be of interest to policy-makers, regulators, investors and practitioners in emerging markets with an institutional environment similar to that of Kazakhstan. Originality/value The study throws more light on the impact of earnings management and audit quality on cost of debt in Kazakhstan, representing the Central Asian region. This study also extends the current literature by providing empirical evidence that the relationship between earnings management and cost of debt is not affected by audit quality.

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“…Zhai (2018) researched the macroeconomic impact on China's BRI, which could bring considerable benefits to the world economy in terms of welfare and trade. Similarly, Mahmood and Mostafa (2018) measured the prospect of economic cooperation between BRICS countries and its possible impact on economic growth and development, suggesting that Kazakhstan should further develop its relationship with BRICS countries to promote financial needs. Campos, Coricelli and Moretti (2019) estimated that without European integration, the per capita income of countries joining the EU would decline by about 10% in the first ten years after joining the EU.…”

Section: Literature Reviewmentioning

confidence: 99%

Potential Green Gains From the Integration of Economies

Shen

Zhou

Bai

et al. 2022

Journal of Global Information Management

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The integration of economies always attracts much attention from policymakers and researchers. This paper introduces a novel approach to evaluate potential economic and environmental gains from integrating economies. Based on aggregate production technology and directional distance functions, we regard all decision-making units as a whole, allowing free resource reallocation among units. The level of resource misallocation is identified by a structural measure, which is obtained by the difference between overall potential improvement and individual technical inefficiency. Taking China as an empirical example, possible economic output expansions are estimated at 43.2% and 10.1% under convex and nonconvex production technologies, respectively; potential pollution reductions are around 28.4% and 5.1% under convex and nonconvex production technologies, respectively. A significant disparity of structural inefficiencies is detected, indicating a high level of resource misallocation in China. Economic cooperation is vital to promote potential green gains for all provinces in China.

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Kazakhstan–BRICS Economic Cooperation: Exploring the Possibilities

Cited by 5 publications

References 0 publications

RETRACTED: Trends in the development of the economic system in the Republic of Kazakhstan

RETRACTED: Trends in the development of the economic system in the Republic of Kazakhstan

Earnings management, audit quality, and cost of debt: evidence from a Central Asian economy

Potential Green Gains From the Integration of Economies

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