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Munich Personal RePEc Archive

Testing the Presence of the Dutch Disease in Kazakhstan

Akhmetov, Almaz (2017): Testing the Presence of the Dutch Disease in Kazakhstan.

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Abstract

This paper uses Vector Autoregression (VAR) models to test the presence of the Dutch disease in Kazakhstan. It was found that tradable industries and world oil price have immediate effect on domestic currency appreciation. This in return has delayed negative impact on agricultural production and positive delayed effect on non-tradable industries. Prolonged period of low oil prices could hurt Kazakh economy if no effective policies to combat the negative effects of the Dutch disease are implemented.

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