PERFECTION OF CURRENCY RESERVE POLICY TO INCREASE INNOVATIVE ACTIVITY IN INDUSTRIAL SECTOR OF KAZAKHSTAN

Meiram Begentaev

Perspectives of Innovation in Economics and Business (PIEB), 2009, vol. 2, issue 2, 41-42

Abstract: Kazakhstan has accumulated essential foreign currency stocks from resource-based export earnings since gaining independency. These reserves can serve as base for creation of competitive industries. To realize the task the paper recommends policies of rational use of these funds to finance innovative investment projects in priority industries. The paper argues that rational channeling of foreign currency reserves in Kazakhstan can contribute to increase of innovative activity in industrial sector of economy.

Keywords: State regulation; foreign currency reserves; currency rationing; industrial sector (search for similar items in EconPapers)
JEL-codes: O24 O25 (search for similar items in EconPapers)
Date: 2009
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