Republic of Kazakhstan: Selected Issues
November 15, 2004
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This Selected Issues paper analyzes the optimal policy response on the part of the Kazakhstan authorities to the prospective oil inflows. It surveys the literature on the so-called natural resource curse and offers an analysis of Kazakhstan’s petroleum potential. The paper analyzes the impact of the oil boom on the non-oil sector, based on a general equilibrium model. It provides an analysis of fiscal rules and fiscal sustainability and assesses the possible role of fiscal policies in addressing the “natural resource curse.”
Subject: Commodities, Commodity booms, Environment, Expenditure, Foreign exchange, Natural resources, Oil, Oil, gas and mining taxes, Real exchange rates, Taxes
Keywords: Africa, Baltics, Central Asia, Commodity booms, consumption, CR, development institution, East Asia, economy, gas and mining taxes, government, government intervention, ISCR, Kazakhstani economy, Kazakhstani government, Middle East, natural resource curse, Natural resources, Oil, Real exchange rates, Southeast Asia, Western Europe
Pages:
76
Volume:
2004
DOI:
Issue:
362
Series:
Country Report No. 2004/362
Stock No:
1KAZEA0062004
ISBN:
9781451820935
ISSN:
1934-7685
