The paper analyses data from the survey of 701 Kazakhstani firms over a nearly 2-year period from the second quarter of 1998 through the fourth quarter 1999, making it possible to examine employment changes for period prior to, during and following the Russian financial crisis of August 1998....

This paper examines the evolution of capacity utilization for Kazakhstani enterprises over a seven year period. Three main theoretical propositions are tested through panel data regressions. The results show that the Russian financial crisis (August 1998) has substantially reduced capacity...