Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93714
Authors: 
Oskenbayev, Yessengali
Karimov, Aziz
Year of Publication: 
2013
Series/Report no.: 
WIDER Working Paper 2013/130
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. Although, the impact of interaction terms of diffuse resource (wheat) production and institutional quality is not observed, diffuse resources deteriorate the economic growth through wheat price volatility. The wheat price spikes lead to institutional inefficiencies. Moreover, rent-seeking activities of intermediaries in agricultural sector further undermine the economic growth.
Subjects: 
energy production
Kazakhstan
point-source
diffuse resources
JEL: 
E02
Q17
Q18
Q27
Document Type: 
Working Paper

Files in This Item:
File
Size
563.27 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.