Transition economies: trajectory and structural transformations. Kazakhstan perspective
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Date
2018
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Abstract
Dissertation work addresses the issue of income inequality based on average salaries of labor forced by regions as part of the transition process in Kazakhstan. Since gaining independence in 1991 an issue of income inequality arised in the country. Sharp increase in income of people considered regional character of oil production boom. Author analyzed transition progress of Kazakhstani economy by drawing Lorenz curve and calculating Gini coefficient, as common methods of evaluating income inequality in economics. Also, author tested hypothesis of correlation between economic growth, increase in salaries and income inequality levels. After all calculations author concluded that country should closely monitor the expansion of oil field and oil-exploration. This has both direct and indirect effects on employment, inequality and overall growth of the economy in future.
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Keywords
income inequality, transition economy, Kazakhstan economy, masters dissertation