Testing the Presence of the Dutch Disease in Kazakhstan
MPRA Paper from University Library of Munich, Germany
This paper uses Vector Autoregression (VAR) models to test the presence of the Dutch disease in Kazakhstan. It was found that tradable industries and world oil price have immediate effect on domestic currency appreciation. This in return has delayed negative impact on agricultural production and positive delayed effect on non-tradable industries. Prolonged period of low oil prices could hurt Kazakh economy if no effective policies to combat the negative effects of the Dutch disease are implemented.
Keywords: Kazakhstan; Dutch disease; VAR (search for similar items in EconPapers)
JEL-codes: E6 O13 O53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-ene, nep-mac, nep-opm and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:77936
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