Structural reforms, macroeconomic policies and the future of Kazakhstan

Gilles Dufrénot (1) , Alain Sand-Zantman (2)

1 GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille
2 GATE - Groupe d'analyse et de théorie économique

This paper presents a small macroeconomic model of Kazakhstan to study the impact of various economic policies. The simulations provide insight into the role of a tight monetary policy, higher foreign direct investment, rises in nominal wages and in crude oil prices. The results obtained are in line with the economic observations and give some support to the policies chosen as priority targets by the Kazakh authorities for the forthcoming years.

Mots clés: économie en transition; macroéconomie de la stabilisation; Pays d'asie centrale appartenant à la CEI

Mots clés: Central Asian CIS countries; Kazakhstan; macroeconomic stabilization; transition economies

Domaines: Economies et finances

Gilles Dufrénot, Alain Sand-Zantman. Structural reforms, macroeconomic policies and the future of Kazakhstan. 2004. ⟨halshs-00180098⟩