This paper explores the role of oil for the Kazakh economy. In order to assess thedegree of volatility the oil price features, it, firstly, discusses the literature on oil price behaviour. Secondly, it analyzes the effect of oil price declines on key macroeconomicvariables such as real GDP,...

This paper explores the role of oil for the Kazakh economy. In order to assess thedegree of volatility the oil price features, it, firstly, discusses the literature on oil price behaviour. Secondly, it analyzes the effect of oil price declines on key macroeconomicvariables such as real GDP,...

This paper investigates the impact of institutions or structural policies on the volatilityof income or GDP per capita in transition countries and in Kazakhstan in particular. Inthe first part of the paper we compare Kazakhstan's institutional framework with othertransition economies based on a...

This paper investigates the impact of institutions or structural policies on the volatilityof income or GDP per capita in transition countries and in Kazakhstan in particular. Inthe first part of the paper we compare Kazakhstan’s institutional framework with othertransition economies based on...

This paper investigates the impact of institutions or structural policies on the volatility of income or GDP per capita in transition countries and in Kazakhstan in particular. In the first part of the paper we compare Kazakhstan's institutional framework with other transition economies based on...

The literature on diffusion of knowledge has shown positive influence of physical and cultural proximity, common language and contiguity on the speed and magnitude of international knowledge flows. Knowledge diffusion is also facilitated by co-location, even temporary one, which helps...