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...

Following the dissolution of the Soviet Union, the idea of a “model of development” was popular among politicians and economists in Kazakhstan. As a result, the country was the first in Central Asia to outline “Asian Tiger” economies as its development “role model” in its development...