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Effects of the Oil Export Price Increase on the Economy : Theoretical and empirical issues - a CGE analysis of the case of Kazakhstan için kapak resmi
Başlık:
Effects of the Oil Export Price Increase on the Economy : Theoretical and empirical issues - a CGE analysis of the case of Kazakhstan
Yazar:
Kapsalyamova, Zhanna, 1980- author
ISBN:
9783639368888
Fiziksel Tanımlama:
281 pages : graphic, table ; 22 cm.
İçerik:
LIST OF ABBREVIATIONS IV LIST OF TABLES V LIST OF FIGURES VIII CHAPTER 1 INTRODUCTION 1 1 1 INTRODUCTION 1 1 2 AIMS OF THE STUDY 2 1 3 RESEARCH METHODOLOGY AND DATA SOURCES 2 1 4 OUTLINE OF THE STUDY 3 CHAPTER 2 SELECTED REVIEW OF THE LITERATURE ON RESOURCE BOOMS 6 2 1 INTRODUCTION 6 2 2 THEORY OF DUTCH DISEASE ECONOMICS 7 2 3 CGE MODELING: GENERAL APPROACH 10 2 4 REVIEW OF CGE MODELS OF RESOURCE BOOMS AND BUSTS 12 2 5 NON-CGE STUDIES ON THE EFFECTS OF THE RESOURCE BOOM IN KAZAKHSTAN 22 2 6 CONCLUSIONS 23 CHAPTER 3 SECTORAL DEVELOPMENT AND OIL DEPENDENCE OF KAZAKHSTAN: OVERVIEW OF THE ECONOMY 25 3 1 INTRODUCTION 25 3 2 ECONOMIC RECORD 26 3 2 1 Real Economic Growth
Özet:
In this study I apply an economy-wide model, namely a static computable general equilibrium model, which requires that a macro closure rule2 is defined. Although macro closure rules lie at the core of static general equilibrium models, they have not been investigated adequately. Applications of static general equilibrium models conventionally employ macro closure rules without even mentioning the rationale behind the choice of particular macro closure rule, although different macro closure rules might lead to different results. This is largely due to the fact that the literature on macro closure rules is centered on one-sector models that certainly fail to incorporate features relevant for two-sector and multisector models. Thus, to fill this gap in the literature, this study attempts to uncover the effects of employing alternative macro closure rules using two-sector and multisector models.
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