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How are Oil Revenues Redistributed in an Oil Economy? The Case of Kazakhstan

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  • Boris Najman

    (CNRS-ROSES University of Paris I)

  • Richard Pomfret

    ()
    (School of Economics, University of Adelaide)

  • Gael Raballand

    (World Bank)

  • Patricia Sourdin

    ()
    (School of Economics, University of Adelaide)

Abstract

Kazakhstan’s economy has been driven by an oilboom since the discovery of large new oilfields coincided with the upturn of world oil prices after 1998. This paper uses national household expenditure survey data to examine whether Kazakhstan’s experience supports a curse or a blessing outcome. We assess the extent to which the benefits from the oilboom are retained in the oil-producing regions, or spread evenly across the national economy, or are concentrated in the cities where the country’s elite lives. We then analyze the data to determine the transmission mechanisms (higher wages, social transfers or informal income) from the oilboom to household expenditure.

(This abstract was borrowed from another version of this item.)

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2005-18.pdf
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Bibliographic Info

Paper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2005-18.

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Length: 32 pages
Date of creation: Dec 2005
Date of revision:
Handle: RePEc:adl:wpaper:2005-18

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Web page: http://www.economics.adelaide.edu.au/
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References

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  1. Wen, Mei & King, Stephen P., 2004. "Push or pull? The relationship between development, trade and primary resource endowment," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 569-591, April.
  2. Richard Pomfret, 2003. "Trade and Exchange Rate Policies in Formerly Centrally Planned Economies," The World Economy, Wiley Blackwell, vol. 26(4), pages 585-612, 04.
  3. Jonathan Isham & Michael Woolcock & Lant Pritchett & Gwen Busby, 2003. "The Varieties of Resource Experience: How Natural Resource Export Structures Affect the Political Economy of Economic Growth," Middlebury College Working Paper Series 0308, Middlebury College, Department of Economics.
  4. Gylfason, Thorvaldur, 2001. "Natural resources, education, and economic development," European Economic Review, Elsevier, vol. 45(4-6), pages 847-859, May.
  5. Xavier Sala-i-Martin & Arvind Subramanian, 2013. "Addressing the Natural Resource Curse: An Illustration from Nigeria," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 22(4), pages 570-615, August.
  6. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
  7. Richard Pomfret, 2003. "Economic Performance in Central Asia Since 1991: Macro and Micro Evidence1," Comparative Economic Studies, Palgrave Macmillan, vol. 45(4), pages 442-465, December.
  8. Era Dabla-Norris & Paul Wade, 2002. "The Challenge of Fiscal Decentralization in Transition Countries," IMF Working Papers 02/103, International Monetary Fund.
  9. Alberto Dalmazzo & Guido de Blasio, 2003. "Resources and Incentives to Reform," IMF Staff Papers, Palgrave Macmillan, vol. 50(2), pages 5.
  10. Philip R. Lane & Aaron Tornell, 1999. "The Voracity Effect," American Economic Review, American Economic Association, vol. 89(1), pages 22-46, March.
  11. Arvind Subramanian & Xavier Sala-i-Martin, 2003. "Addressing the Natural Resource Curse," IMF Working Papers 03/139, International Monetary Fund.
  12. Papyrakis, Elissaios & Gerlagh, Reyer, 2004. "The resource curse hypothesis and its transmission channels," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 181-193, March.
  13. Tobias Kronenberg, 2002. "The Curse Of Natural Resources In The Transition Economies," Working Papers 241, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
  14. Robinson, James A. & Torvik, Ragnar, 2005. "White elephants," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 197-210, February.
  15. Korhonen, Iikka, 2004. "Does democracy cure a resource curse?," BOFIT Discussion Papers 18/2004, Bank of Finland, Institute for Economies in Transition.
  16. Rama, Martin & Scott, Kinnon, 1999. "Labor Earnings in One-Company Towns: Theory and Evidence from Kazakhstan," World Bank Economic Review, World Bank Group, vol. 13(1), pages 185-209, January.
  17. Ehtisham Ahmad & Raju Jan Singh, 2003. "Political Economy of Oil-Revenue Sharing in a Developing Country," IMF Working Papers 03/16, International Monetary Fund.
  18. Jovanovic, Branko, 2001. "Russian Roller Coaster: Expenditure Inequality and Instability in Russia, 1994-98," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 47(2), pages 251-71, June.
  19. Yelena Kalyuzhnova & Michael Kaser, 2005. "Prudential Management of Hydrocarbon Revenues in Resource-Rich Economies," ECE Discussion Papers Series 2005_4, UNECE.
  20. Era Dabla-Norris & Jorge Martinez-Vazquez & John Norregaard, 2000. "Making Decentralization Work: The Case of Russia, Ukraine, and Kazakhstan," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0009, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  21. Anderson, Kathryn H. & Pomfret, Richard, 2002. "Relative Living Standards in New Market Economies: Evidence from Central Asian Household Surveys," Journal of Comparative Economics, Elsevier, vol. 30(4), pages 683-708, December.
  22. King, S.P. & Wen, M., 1998. "Push or Pull? The relationship Between Development, Trade and Resource Endowment," Department of Economics - Working Papers Series 653, The University of Melbourne.
  23. International Monetary Fund, 2003. "Republic of Kazakhstan," IMF Staff Country Reports 03/211, International Monetary Fund.
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Cited by:
  1. Manuela Troschke & Horst Ufer, 2006. "Fiskalische Dezentralisierung und regionale Disparitäten in Kasachstan," Working Papers 262, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
  2. Gerhard Toews, 2013. "Inflated Expectations and Natural Resource Booms: Evidence from Kazakhstan," OxCarre Working Papers 109, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  3. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper 48360, World Bank.

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