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Now showing 1 - 3 of 3
  • ItemOpen Access
    The Exchange and the Interest Rates
    (Suleyman Demirel University, 2007) Aina Shitkanova
    This project explores the relationship between interest and exchange rates in an open economy, with a specific focus on Kazakhstan. It examines the mechanisms through which interest rates influence exchange rate movements and vice versa, analyzing how these interactions impact the country's economic situation. The study also addresses key questions such as why the Kazakhstani tenge is appreciating and why national interest rates remain high. By applying theoretical models like the IS-LM framework for open economies, the project investigates the effects of fiscal expansion and monetary contraction on output, interest rates, and currency value. In conclusion, the paper provides insights and predictions about Kazakhstan’s future monetary trends, suggesting a continued appreciation of the tenge and a gradual rise in interest rates.
  • ItemOpen Access
    Transition economies: trajectory and structural transformations. Kazakhstan perspective
    (2018) Ichshanova Zh.
    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.
  • ItemOpen Access
    Oil and Gas Industry Dependence of Kazakhstan’s Budget
    (Suleyman Demirel University, 2007) Yedgenov Baurzhan
    This paper examines the dependence of Kazakhstan’s national budget on the oil and gas industry and the challenges it creates for sustainable economic development. The study analyzes the historical formation of Kazakhstan’s raw material–oriented economy after gaining independence in 1991, highlighting the country’s transition from a planned to a market economy and the dominant role of foreign investment in the extractive sector. Although the oil and gas industry has ensured rapid GDP growth and budget stability, it has also made Kazakhstan highly vulnerable to global price fluctuations. The paper discusses existing government measures such as the establishment of the National Fund and the Industrial-Innovative Development Strategy, while arguing that true diversification requires investment in human capital and education. Drawing parallels with Japan’s post-war economic recovery, the research emphasizes the importance of shifting from resource dependency to a knowledge-based economy. The conclusion presents recommendations for fostering innovation, supporting entrepreneurship, and transforming the national mindset to achieve long-term, independent economic growth.