Republic of Kazakhstan: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 362

Publication date: November 2004

ISBN: 9781451820935

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , Taxation - General , Natural Resources , ISCR , CR , economy , government , development institution , consumption , natural resource curse , government intervention , Kazakhstani government , Kazakhstani economy , Commodity booms , Natural resources , Oil , gas and mining taxes , Real exchange rates , Middle East , Central Asia , Western Europe , Africa , Southeast Asia , East Asia , Baltics

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Summary

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.”