Kazakhstan: Resource Curse or Dutch Disease?

Aliev, Timur

doi:10.32609/0042-8736-2013-6-120-141

Cited by 4 publications

(2 citation statements)

References 1 publication

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“…The study tracked the changes by using government documents and assessed their effect on disparity across the region. Furthermore, Aliev (2015) has reviewed the critical growth path of Kazakh economy while considering the territorial, structural and social disparities. He has further examined the sectoral-based economic growth and found various disparities in sectoral growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Examining the total factor productivity changing patterns in Kazakhstan: An input-output analysis

Yasmin

Refae

Eletter³

et al. 2022

JEECAR

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The interconnectedness of sectors displays the demand for inputs and supply as a level of output in any economy. This paper addresses the Total Factor Productivity (TFP) in Kazakhstan sectors by using input-output tables during 2012-2017. The change in total sectoral production was separated into two parts: the changes in technical coefficients of intermediate inputs and the change in value-added inputs, respectively. The main findings have identified a changing pattern in sectoral performance. At the same time, the result justified that various sectors such as; petroleum, manufacturing, construction, and food processing sectors have shown increased productivity. The country highly depends on extractive industries but still has better manufacturing value-added performance. The study suggests that to combat challenges like COVID-19 and climate change, it is vital to develop human capital and diversity. With diversification and innovative measures, an economy can attain sustainable economic growth in the long term.

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Section: Literature Reviewmentioning

confidence: 99%

Examining the total factor productivity changing patterns in Kazakhstan: An input-output analysis

Yasmin

Refae

Eletter³

et al. 2022

JEECAR

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“…Among the studies conducted for Kazakhstan, Kuralbayeva et al (2001) asserted that Kazakhstan economy wasprone to the Dutch Disease; Kutan and Wyzan (2005) and Égert and Leonard (2007) indicated that the symptoms of the Dutch Disease are observed in Kazakhstan; whereas Aliev (2015) claimed that low oil prices would harm the Kazakhstan economy if policies were not implemented regarding the Dutch Disease. More so, Köse and Baimaganbetov (2015) have argued that the size of the Dutch disease and the asymmetric effects of real Brent oil price shocks on the industrial production in Kazakhstan.…”

Section: Literature Reviewmentioning

confidence: 99%

Industrial production index - crude oil price nexus: Russia, Kazakhstan and Azerbaijan

Kaplan

Ünal

2020

EKON ANAL

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The study aims to examine the causality between industrial production index and crude oil price for Russia, Kazakhstan and Azerbaijan by using Frequency Domain Causality Analysis. For this purpose, the monthly data of the industrial production index and Brent oil price data over the period 1993-2019 are used. The Frequency Domain Causality Analysis suggests that the uni-directional causality relationship runs from oil prices to industrial production index is valid in the medium run for Russia and Azerbaijan and in the short run for Kazakhstan. However, there is no uni-directional causality linkage between oil prices and industrial production index in the long run for any of the countries. We hope to contribute to the literature by using frequency-domain causality test which examines the interrelation of crude oil prices on industrial production with the periodicity in these countries. The finding of this study is expected to serve as a tool for industrial production policy.

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Some aspects of the "dutch disease" in the economy of the Republic of Kazakhstan

Абдикаримова

Аймагамбетова

2021

jour

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The fundamental structural transformations that have taken place in the country's economy have led to a deterioration in the quality of the economic system and increased dependence of the national economy on the conjuncture of world markets. Our previous research was concerned with determining what triggered the change in the structure of the economy, how effective the changes were, and what changes in sector proportions they led to. In this article, we tried to analyze whether we are facing the consequences of the "Dutch disease", which led to structural transformations in the economy.The purpose of the study is to confirm our assumption that the economy of the Republic of Kazakhstan is subject to the "Dutch disease".Methodology of the study. The authors relied on the cointegration analysis of time series using the Engle-Granger tests, the analysis of the stationarity of the Dickey-Fuller methods in order to determine cointegration, to assess the degree of interrelation between the values of mining and manufacturing production volumes on GDP indicators, as evidence of the presence of "Dutch disease".Originality / value of the research. The originality and value of the study lies on the fact that the authors tried to analyze the economy for the presence of "Dutch disease" in the economy of Kazakhstan using time series analysis methods.Findings. There is an assumption that the economy of Kazakhstan has certain symptoms and signs of the "Dutch disease", but it is not possible to say unequivocally that it was the main catalyst for structural changes, due to the fact that we could not prove the existence of a negative relationship between the growth rates of the mining industry and the manufacturing industry.

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Kazakhstan: Resource Curse or Dutch Disease?

Cited by 4 publications

References 1 publication

Examining the total factor productivity changing patterns in Kazakhstan: An input-output analysis

Examining the total factor productivity changing patterns in Kazakhstan: An input-output analysis

Industrial production index - crude oil price nexus: Russia, Kazakhstan and Azerbaijan

Some aspects of the "dutch disease" in the economy of the Republic of Kazakhstan

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