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Is Kazakhstan Vulnerable to Natural Resource Curse?

Author

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  • Yessengali Oskenbayev
  • Aziz Karimov

Abstract

This study utilizes panel data from 14 provinces of Kazakhstan and investigates the link between the point-source resources (oil and gas) and economic growth via institutional quality. Labour force migration from manufacturing to non-traded sector occurs as a result of wage increase in the manufacturing sector while its production price is determined and pinned down by the world market. On top of that, the manufacturing sector costs increase even more as a consequence of the price increase of non-traded goods used as inputs in the manufacturing sector.

Suggested Citation

  • Yessengali Oskenbayev & Aziz Karimov, 2013. "Is Kazakhstan Vulnerable to Natural Resource Curse?," WIDER Working Paper Series wp-2013-130, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2013-130
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    File URL: https://www.wider.unu.edu/sites/default/files/WP2013-130.pdf
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    References listed on IDEAS

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    2. Akhmetov, Almaz, 2017. "Testing the Presence of the Dutch Disease in Kazakhstan," MPRA Paper 77936, University Library of Munich, Germany.
    3. Dauvin, Magali & Guerreiro, David, 2017. "The Paradox of Plenty: A Meta-Analysis," World Development, Elsevier, vol. 94(C), pages 212-231.
    4. Obadia Kyetuza Bishoge & Benatus Norbert Mvile, 2020. "The “resource curse” from the oil and natural gas sector: how can Tanzania avoid it in reality?," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 33(3), pages 389-404, October.
    5. Elkhan Richard Sadik-Zada & Wilhelm Loewenstein & Yadulla Hasanli, 2019. "Commodity Revenues, Agricultural Sector and the Magnitude of Deindustrialization: A Novel Multisector Perspective," Economies, MDPI, vol. 7(4), pages 1-15, November.
    6. Bobojonov, Ihtiyor & Teuber, Ramona & Oshakbayev, Dauren & Glauben, Thomas, 2015. "Agrifood sector transformation and its implications on development of small farmers in Kazakhstan," 2015 Conference, August 9-14, 2015, Milan, Italy 211357, International Association of Agricultural Economists.
    7. Hasanov, Fakhri J. & Aliyev, Ruslan & Taskin, Dilvin & Suleymanov, Elchin, 2023. "Oil rents and non-oil economic growth in CIS oil exporters. The role of financial development," Resources Policy, Elsevier, vol. 82(C).

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