Browsing by Author "Torekhan N."

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    FOREIGN EXCHANGE RATE REGIMES IN KAZAKHSTAN
    (СДУ хабаршысы - 2017, 2017) Torekhan N.
    Abstract. The work investigates the main affecting factors to domestic currency volatility and also provides an extensive analysis about the relationship of oil prices and nominal exchange rate of tenge against US dollars. The paper discusses the relationship between oil prices and exchange rate of KZT vs. USD and measures the marginal effect of oil prices on domestic currency through the Vector Error Correction Model (VECM). It examines about the affecting factors to domestic currency, exactly nominal exchange rate of KZT vs. USD according to the Inflation Report of NBK. The analysis, made by the Vector Error Correction Model (VECM) for time series data. Popular model because it allows for the existence of an underlying or fundamental link between variables (the long run relationship) as well as for short run adjustments (i.e. changes) between variables, including adjustments to achieve the cointegrating relationship.
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    MULTIPLE ISSUES IN EXTRACTIVE INDUSTRIES
    (СДУ хабаршысы - 2017, 2017) Issabayev M. ; Oskenbayev Y. ; Torekhan N.
    Abstract. Purpose – the main purpose of this paper is to explain the negotiation on profit sharing from crude oil extraction and local content requirements in the oil industry in Nash bargaining framework. This paper has applied a simple, user-friendly Nash bargaining model that attempts to understand the negotiation on multiple issues between HG and IOC. We start with the assumption that HG of a resource-rich country aiming to maximize national value at the expense of resource wealth introduces welldesigned mandatory local content policy for the IOC.