Is Kazakhstan Vulnerable to Natural Resource Curse?

Yessengali Oskenbayev and Aziz Karimov

No wp-2013-130, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This study utilizes panel data from 14 provinces of Kazakhstan and investigates the link between the point-source resources (oil and gas) and economic growth via institutional quality. Labour force migration from manufacturing to non-traded sector occurs as a result of wage increase in the manufacturing sector while its production price is determined and pinned down by the world market. On top of that, the manufacturing sector costs increase even more as a consequence of the price increase of non-traded goods used as inputs in the manufacturing sector.

Keywords: Agriculture; Econometrics; Raw materials (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)

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