eprintid: 13474
rev_number: 7
eprint_status: archive
userid: 353
dir: disk0/00/01/34/74
datestamp: 2016-07-29 08:48:35
lastmod: 2021-08-27 17:41:20
status_changed: 2016-07-29 08:48:35
type: article
metadata_visibility: show
item_issues_count: 1
creators_name: Kutan, A.M.
creators_name: Wyzan, M.
creators_id: 1682
title: Explaining the real exchange rate in Kazakhstan, 1996–2003: Is Kazakhstan vulnerable to the Dutch disease?
ispublished: pub
keywords: Dutch disease; Kazakhstan; Oil and energy; Transition
abstract: Kazakhstan possesses extensive natural resource reserves expected to yield significant export revenues. Since independence in 1991, the composition of exports has changed in favor of energy-related sectors. In the context of such evidence and considerable expected future revenues, researchers have pointed to possible Dutch disease effects. This paper examines whether Kazakhstan is vulnerable to this condition. Using an extended version of the Balassa-Samuelson model including the price of oil, we find evidence that changes in those terms had a significant effect on the real exchange rate during 1996-2003, suggesting symptoms of significant Dutch disease effects in Kazakhstan.
date: 2005-06
date_type: published
publisher: Elsevier
id_number: 10.1016/j.ecosys.2005.03.009
creators_browse_id: 1672
full_text_status: none
publication: Economic Systems
volume: 29
number: 2
pagerange: 242-255
refereed: TRUE
issn: 09393625
coversheets_dirty: FALSE
fp7_project: no
fp7_type: info:eu-repo/semantics/article
citation:   Kutan, A.M. & Wyzan, M. <https://pure.iiasa.ac.at/view/iiasa/1672.html>  (2005).  Explaining the real exchange rate in Kazakhstan, 1996–2003: Is Kazakhstan vulnerable to the Dutch disease?   Economic Systems 29 (2) 242-255. 10.1016/j.ecosys.2005.03.009 <https://doi.org/10.1016/j.ecosys.2005.03.009>.