The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy
The article analyzes the impact of the dynamics of oil prices on the main macroeconomic indicators of the Kazakhstani economy and the consequences of the formation of national social policy. The article applies different hypotheses about the sensitivity of macroeconomic indicators of the economy of...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2022-07-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/13132 |
| _version_ | 1797908594136449024 |
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| author | Gulmira Moldabekova Zhanarys Raimbekov Arsen Tleppayev Yuliya Tyurina Raushan Yesbergen Gulimai Amaniyazova |
| author_facet | Gulmira Moldabekova Zhanarys Raimbekov Arsen Tleppayev Yuliya Tyurina Raushan Yesbergen Gulimai Amaniyazova |
| author_sort | Gulmira Moldabekova |
| collection | DOAJ |
| description |
The article analyzes the impact of the dynamics of oil prices on the main macroeconomic indicators of the Kazakhstani economy and the consequences of the formation of national social policy. The article applies different hypotheses about the sensitivity of macroeconomic indicators of the economy of Kazakhstan to fluctuations of oil prices, and in addition, it specifies and evaluates a system of simultaneous equations that allows to test these hypotheses. Scenarios for the reaction of the Kazakhstani economy to exogenous shocks associated with a sharp change in the level of oil prices are considered, and some measures are proposed to reduce the negative consequences of fluctuations in oil prices for the Kazakhstani economy. Finally, the article discusses some of the results of understanding the challenges and realities in the field of social policy, which are generated by the model of economic growth.
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| first_indexed | 2024-04-10T10:55:06Z |
| format | Article |
| id | doaj.art-35b4af393261419db393b6def866ff00 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T10:55:06Z |
| publishDate | 2022-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-35b4af393261419db393b6def866ff002023-02-15T16:19:59ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-07-0112410.32479/ijeep.13132The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social PolicyGulmira Moldabekova0Zhanarys Raimbekov1Arsen Tleppayev2Yuliya Tyurina3Raushan Yesbergen4Gulimai Amaniyazova5Gumilyov Eurasian National University, Nur-Sultan, 010000, KazakhstanGumilyov Eurasian National University, Nur-Sultan, 010000, KazakhstanKazakh German University, Almaty, 050010, Kazakhstan,Financial University under the Government of the Russian Federation, Moscow, 49125993, Russian Federation,Academy of Public Administration under the President of the Republic of Kazakhstan, Aktobe, 020004, Kazakhstan,Yessenov University, Aktau, 130000, Kazakhstan. The article analyzes the impact of the dynamics of oil prices on the main macroeconomic indicators of the Kazakhstani economy and the consequences of the formation of national social policy. The article applies different hypotheses about the sensitivity of macroeconomic indicators of the economy of Kazakhstan to fluctuations of oil prices, and in addition, it specifies and evaluates a system of simultaneous equations that allows to test these hypotheses. Scenarios for the reaction of the Kazakhstani economy to exogenous shocks associated with a sharp change in the level of oil prices are considered, and some measures are proposed to reduce the negative consequences of fluctuations in oil prices for the Kazakhstani economy. Finally, the article discusses some of the results of understanding the challenges and realities in the field of social policy, which are generated by the model of economic growth. https://econjournals.com/index.php/ijeep/article/view/13132Crude Oil PricesStock PricesMacroeconomicsEconomic Development |
| spellingShingle | Gulmira Moldabekova Zhanarys Raimbekov Arsen Tleppayev Yuliya Tyurina Raushan Yesbergen Gulimai Amaniyazova The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy International Journal of Energy Economics and Policy Crude Oil Prices Stock Prices Macroeconomics Economic Development |
| title | The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy |
| title_full | The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy |
| title_fullStr | The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy |
| title_full_unstemmed | The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy |
| title_short | The Impact of Oil Prices on the Macroeconomic Indicators of Kazakhstan and the Consequences for the Formation of Social Policy |
| title_sort | impact of oil prices on the macroeconomic indicators of kazakhstan and the consequences for the formation of social policy |
| topic | Crude Oil Prices Stock Prices Macroeconomics Economic Development |
| url | https://econjournals.com/index.php/ijeep/article/view/13132 |
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