The Effects of Oil Revenues on the Dynamics of Macroeconomic Indicators

Bulat Mukhamediyev and Mukhamediyev Bulat
Authors registered in the RePEc Author Service: Bulat Mukhamediyev

No 6890, EcoMod2014 from EcoMod

Abstract: For oil producing countries it is important to share rationally oil revenues between current expenditure and savings. The purpose of this paper is to study what impact will have change of the oil revenues accumulation on the dynamics of macroeconomic indicators.Modeling of dynamic stochastic general equilibrium with oil producing sector of economy.Forecasted responses of model variables to internal and external shocks of the economy of Kazakhstan. The influences of changes in the share of oil revenues accumulation in the National Fund on forecasted responses of macroeconomic indicators were found.

Keywords: Kazakhstan; General equilibrium modeling (CGE); Developing countries (search for similar items in EconPapers)
Date: 2014-07-03
New Economics Papers: this item is included in nep-cwa, nep-dge, nep-ene and nep-mac
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