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Testing the Presence of the Dutch Disease in Kazakhstan

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  • Akhmetov, Almaz

Abstract

This paper uses Vector Autoregression (VAR) models to test the presence of the Dutch disease in Kazakhstan. It was found that tradable industries and world oil price have immediate effect on domestic currency appreciation. This in return has delayed negative impact on agricultural production and positive delayed effect on non-tradable industries. Prolonged period of low oil prices could hurt Kazakh economy if no effective policies to combat the negative effects of the Dutch disease are implemented.

Suggested Citation

  • Akhmetov, Almaz, 2017. "Testing the Presence of the Dutch Disease in Kazakhstan," MPRA Paper 77936, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:77936
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    File URL: https://mpra.ub.uni-muenchen.de/77936/1/MPRA_paper_77936.pdf
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    References listed on IDEAS

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    Cited by:

    1. Sang Woo Han & Song Soo Lim & Aida Balkibayeva, 2022. "Productive efficiency and trade opportunities for Kazakhstan dairy farms," Economia agro-alimentare, FrancoAngeli Editore, vol. 24(1), pages 1-20.
    2. Niftiyev, Ibrahim, 2020. "Descriptive Analysis of Employment In Azerbaijan: Possibilities of the Dutch Disease," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 77(1), pages 100-112.
    3. Han, Sang Woo & Lim, Song Soo & Balkibayeva, Aida, 2021. "Productive efficiency and trade opportunities for Kazakhstan dairy farms," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 24(1), December.
    4. Bibi, Samuele, 2024. "Oil revenues, FDI and balance of payment dynamics: The case of Kazakhstan between the supercycle commodity boom and financial subordination," Resources Policy, Elsevier, vol. 90(C).

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    More about this item

    Keywords

    Kazakhstan; Dutch disease; VAR;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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