How are Oil Revenues redistributed in an Oil Economy? The case of Kazakhstan

Boris Najman (), Richard Pomfret, Gaël Raballand () and Patricia Sourdin
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Patricia Sourdin: University of Adelaide, Australia

Development and Comp Systems from EconWPA

Abstract: Kazakhstan’s economy has been driven by an oilboom since the discovery of large new oilfields coincided with the upturn of world oil prices after 1998. This paper uses national household expenditure survey data to examine whether Kazakhstan’s experience supports a curse or a blessing outcome. We assess the extent to which the benefits from the oilboom are retained in the oil-producing regions, or spread evenly across the national economy, or are concentrated in the cities where the country’s elite lives. We then analyze the data to determine the transmission mechanisms (higher wages, social transfers or informal income) from the oilboom to household expenditure.

Keywords: resource boom; redistribution (search for similar items in EconPapers)
JEL-codes: D30 Q32 O13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-ene and nep-tra
Date: 2005-12-13
Note: Type of Document - pdf
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