Dutch Disease in Kazakhstan?
(2005)Department of Economics
- Abstract
- Kazakhstan has since its independence following the disintegration of Soviet Union undergone a transition from plan-to market economy and one part of this involved increased exports in oil. This development might induce Dutch Disease, a phenomenon that has negative effects on the country’s GDP growth. The main objective of this paper is to evaluate if Kazakhstan shows any signs of Dutch Disease. This is done by exploring the theory of Dutch Disease by Corden and Neary, followed by assessing the competitiveness of the economy and output performance. In spite of strong liberalization processes and increased exports of oil Kazakhstan has until 2002 managed to avoid Dutch Disease. But there might be a risk that it occurs in the future, as some... (More)
- Kazakhstan has since its independence following the disintegration of Soviet Union undergone a transition from plan-to market economy and one part of this involved increased exports in oil. This development might induce Dutch Disease, a phenomenon that has negative effects on the country’s GDP growth. The main objective of this paper is to evaluate if Kazakhstan shows any signs of Dutch Disease. This is done by exploring the theory of Dutch Disease by Corden and Neary, followed by assessing the competitiveness of the economy and output performance. In spite of strong liberalization processes and increased exports of oil Kazakhstan has until 2002 managed to avoid Dutch Disease. But there might be a risk that it occurs in the future, as some of the measurements of competitiveness employed in the paper and relative contribution to GDP have shifted in recent years in a way that could lead to an eventual Dutch Disease. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1644021
- author
- Liljefors, Katarina
- supervisor
- organization
- year
- 2005
- type
- M2 - Bachelor Degree
- subject
- keywords
- Kazakhstan, transition, Dutch Disease, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1644021
- date added to LUP
- 2005-02-12 00:00:00
- date last changed
- 2010-08-05 13:54:58
@misc{1644021,
abstract = {{Kazakhstan has since its independence following the disintegration of Soviet Union undergone a transition from plan-to market economy and one part of this involved increased exports in oil. This development might induce Dutch Disease, a phenomenon that has negative effects on the country’s GDP growth. The main objective of this paper is to evaluate if Kazakhstan shows any signs of Dutch Disease. This is done by exploring the theory of Dutch Disease by Corden and Neary, followed by assessing the competitiveness of the economy and output performance. In spite of strong liberalization processes and increased exports of oil Kazakhstan has until 2002 managed to avoid Dutch Disease. But there might be a risk that it occurs in the future, as some of the measurements of competitiveness employed in the paper and relative contribution to GDP have shifted in recent years in a way that could lead to an eventual Dutch Disease.}},
author = {{Liljefors, Katarina}},
language = {{eng}},
note = {{Student Paper}},
title = {{Dutch Disease in Kazakhstan?}},
year = {{2005}},
}