Kazakhstan: Accelerating Economic Diversification
Published on 1. August 2018
232 pages
978-92-9261-263-4 (ISBN)
Description
Kazakhstan has the potential to become an economic leader in Central Asia. Relying on oil and gas alone, however, will not produce the long-run level of growth needed to meet this potential. Reforms geared to improve the business climate, enhance competitiveness, and increase private sector participation are essential. This book examines reforms to accelerate economic diversification in the country. This involves not only modernizing and using public resources in agriculture more efficiently to increase productivity, but also transitioning of manufacturing toward high-potential exports to help the country's industrial development and create employment opportunities. Upgrading innovation of oilfield services and improving transport and logistics are important to increase participation in the global value chains.
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10/2018
Asian Development Bank
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Content
- Cover
- Title
- Copyright
- Contents
- Tables, Figures, and Boxes
- Preface
- Acknowledgments
- Author Profiles
- Abbreviations
- Map and Fast Facts
- 1. The Kazakhstan Economy: Achievements, Prospects, and Policy Challenges
- 1.1 Growth, Inequality, and Environmental Dynamics
- 1.2 The National Wealth Fund
- 1.3 Real Exchange Rate Movements and the Inflation Target
- 1.4 The Dutch Disease
- 1.5 Diversification of the Economy
- 1.6 Transcending the Middle-Income Challenge
- 1.7 Country Diagnostic Study for Kazakhstan
- References
- 2. Policies to Unlock Kazakhstan's Agricultural Potential
- 2.1 Kazakhstan's Policy Framework for Agriculture
- 2.2 Kazakhstan's Agricultural Performance
- 2.3 Kazakhstan's Agricultural Development Challenges
- 2.4 Policy Options to Unlock Agricultural Potential
- 2.5 Conclusions
- References
- Appendix 1: Methods for Measuring Technical Efficiency of Agricultural Producers in Kazakhstan using Stochastic Frontier Production Functions for Panel Data
- Appendix 2: Summary Statistics of Variables Used in Technical Efficiency Analysis
- 3. Kazakhstan's Manufacturing Potential
- 3.1 Kazakhstan's Industrial Programs: An Overview
- 3.2 Kazakhstan's Manufacturing Sector
- 3.3 Why Does Kazakhstan Need to Diversify Its Economy?
- 3.4 Potential Benefits of Diversification
- 3.5 Kazakhstan's Performance in Diversifying Its Manufacturing Sector, 1995-2015
- 3.6 Product Space Analysis
- 3.7 Identifying High-Potential Export Products in Kazakhstan
- 3.8 Elements of Successful Manufacturing Development: Lessons and Insights from Other Countries
- 3.9 Policy Priorities for Manufacturing Development in Kazakhstan
- References
- Appendix 1: Kazakhstan's Exported Goods with Revealed Comparative Advantage & 1, in 2015
- Appendix 2: Detailed List of Unexploited Products for Kazakhstan Using Product Space Analysis, Based on Distance from Current Capabilities (2015 data)
- 4. Oil-and-Gas Services in Kazakhstan
- 4.1 Background
- 4.2 The Oil-and-Gas Value Chain and the Role of Oilfield Services
- 4.3 Oilfield Servic es in Kazakhstan
- 4.4 Official Da ta on the Oilfield Services Market
- 4.5 Local Content Policies in the Post-World Trade Organization Context
- 4.6 Research and Development in the Oil-and-Gas Sector
- 4.7 Policy Recommendations
- References
- 5. Transport and Logistics Infrastructure in Kazakhstan
- 5.1 Globalization Trends
- 5.2 Relevance of Globalization Trends for Kazakhstan
- 5.3 Spillovers from the Transport and Logistics Sector to the Rest of the Economy
- 5.4 A Framework for a New Economic Policy
- 5.5 Conclusions
- References
- 6. Key Structural Reforms in selected Sectors: Assessing Their Impact on Economic Diversification
- 6.1 Medium- and Long-term Growth Challenges
- 6.2 Selected Structural Reforms to Support Economic Diversification
- 6.3 Modeling Methodology
- 6.4 Model Simulation Results
- 6.5 Concluding Remarks
- References
- Appendix 1: Theoretical Structure and Model Equations
- Appendix 2: Sector Classification and Mapping for Aggregated Industries
- Appendix 3: Industry Shares in National Gross Domestic Product
- Appendix 4: Model Simulation Results
