Republic of Kazakhstan: Selected Issues

International Monetary Fund

No 2004/362, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes the optimal policy response on the part of the Kazakhstan authorities to the prospective oil inflows. It surveys the literature on the so-called natural resource curse and offers an analysis of Kazakhstan’s petroleum potential. The paper analyzes the impact of the oil boom on the non-oil sector, based on a general equilibrium model. It provides an analysis of fiscal rules and fiscal sustainability and assesses the possible role of fiscal policies in addressing the “natural resource curse.”

Keywords: ISCR; CR; economy; government; development institution; consumption; natural resource curse; government intervention; Kazakhstani government; Kazakhstani economy; Commodity booms; Natural resources; Oil; gas and mining taxes; Real exchange rates; Middle East; Central Asia; Western Europe; Africa; Southeast Asia; East Asia; Baltics (search for similar items in EconPapers)
Pages: 76
Date: 2004-11-15
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Citations: View citations in EconPapers (4)

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