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This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving … most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful … includes public enterprises in the oil and gas industry, is systemic in Kazakhstan. During the crisis the quasifiscal sector …
Persistent link: https://www.econbiz.de/10011244190
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architecture and promoting a business environment unencumbered by the state remain key challenges for Kazakhstan to become a …
Persistent link: https://www.econbiz.de/10011245119
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developing Kazakhstan into a leading emerging market economy requires concerted efforts to strengthen the policy architecture. It …
Persistent link: https://www.econbiz.de/10011243922
This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing …
Persistent link: https://www.econbiz.de/10011142107
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...
Persistent link: https://www.econbiz.de/10005826048
Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence, affected tourist arrivals, and...
Persistent link: https://www.econbiz.de/10011142081
Uruguay has consolidated economic gains, supported by strong macroeconomic policies and a broadly favorable external environment. Growth has exceeded expectations, unemployment has reached record lows, and poverty has continued to fall, while economic vulnerabilities have been significantly...
Persistent link: https://www.econbiz.de/10011244582
The recent global financial crisis has exposed the limitations of a conventional inflation targeting framework in insulating an economy from all shocks, and demonstrated that its rigid application may aggravate the effect of shocks on output and inflation. Possible refinements to the inflation...
Persistent link: https://www.econbiz.de/10011244762