ECONOMICS NEWS

Rassul Kospanov Senior Researcher at the Center for Regional Analysis Astana, Kazakhstan – January 10, 2025 Aviation plays a crucial role in the development of a country's transport infrastructure and economic potential, especially in a geographically vast country like Kazakhstan. Kazakhstan possesses the key attributes to become an aviation hub in Eurasia, including a strategic geographical location, developing infrastructure, and a growing economy with untapped potential. As the aviation sector grows, Kazakhstan aims to improve its domestic and international connectivity. However, in practice, the situation is quite different—the development of the aviation industry faces several obstacles, such as ineffective sector…
Rassul Kospanov Senior Researcher at the Center for Regional Analysis Astana, Kazakhstan – January 6, 2025 Recently, my Uzbek colleagues shared with me an interview with renowned political scientist Farhod Tolipov, director of the research institute Bilim Karvoni, published on Kun.uz. The interview provides valuable insights into Uzbekistan’s strategic approach to foreign policy in the face of complex regional and global challenges. For Kazakhstan, analyzing Uzbekistan’s foreign policy offers a deeper understanding of regional dynamics and the strategic priorities of its southern neighbor. Throughout this analysis, I will reference Tolipov’s key observations to examine how Uzbekistan strengthens cooperation with its…
At the fourth meeting of the NAC Analytica Economists' Club, a survey was conducted among key experts to gather their forecasts and expectations for Kazakhstan’s economic outlook in 2024. The survey participants included representatives from the National Bank of the Republic of Kazakhstan, the Kazakhstan Institute for Strategic Studies (KISI), the Economic Research Institute, the Applied Economics Research Centre (AERC), as well as the “Talap” center for applied research. A majority of 63% of respondents expect GDP growth in the range of4.1% to 4.5%, while the remaining 37% lean towards a more conservative estimate of 3% to 4%.   Inflation…
Astana, Kazakhstan – September 24, 2024 Kazakhstan's key economic policy challenges took center stage during the fourth meeting of the NAC Analytica Economists' Club. The event brought together top-tier experts from the National Bank of the Republic of Kazakhstan, the Kazakhstan Institute for Strategic Studies (KISI), the Economic Research Institute, the Applied Economics Research Centre (AERC), as well as the “Talap” center for applied research to exchange insights. The meeting kicked off with a detailed overview of the economic landscape in 2024. Experts pinpointed both the strengths and weaknesses shaping the country's economy, highlighting emerging trends that could steer the…
A senior researcher of the Economic Modeling Development Center, Zhandos Ybrayev (PhD), presented his research work titled "Real exchange rate management and economic growth: export performance in Kazakhstan, 2009-2019” at the 2020 Eastern Economic Association Meetings in Boston, USA. The conference gathers together researchers from various fields of economics to present their recent advances in the field and exchange ideas on hard-pressed issues in contemporary research. The research work presented at the conference concentrates on evaluating the effect of stable and competitive real exchange rate management on economic growth by analyzing the export performance of tradable goods sector in Kazakhstan over…
Senior researchers of the Center participated in the Summer School of the Barcelona Graduate School of Economics (BGSE) during July 1-13. The researchers of the Center attended courses on Advanced Bayesian Methods, Bayesian Methods for DSGE, Modelling Non-stationary and Non-linear Time Series and Macroeconomic Time Series. The summer school program was specifically designed for experts/researchers and PhD students actively engaged in research in the related fields. The courses briefly covered theoretical aspects of macroeconomics and taught applications of both standard and modern techniques of macroeconometrics on country level data. The research activity of the Center has been focused on building…
KYRGYZSTAN 2018 - 2021    GDP Growth (%)  Potential Output Growth (%) Inflation (%)  Unemployment (%)  2018 4.2 7.3 1.9 7.5  2019 4.9 7.2 1.1 6.6  2020 3.9 6.9 0.9 5.8  2021 4.1 6.4 0.9 5.4 Table 1: Forecasts for Kyrgyzstan for 2018-2021 Figure 1: GDP Growth Accounting  According to the model’s forecast based on stochastic simulations, Kyrgyzstan’s GDP growth rate averaged at 4.2% in 2018. Gross fixed capital formation recovers from -0.8% in 2017 to 3.1% in 2018, sustained by rising domestic demand and decreasing user cost of capital. Household consumption continues to support economic growth as the result…
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