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Progress in diversification of the economy in Kazakhstan

Author

Listed:
  • Alibek Konkakov

    (Kazakhstan Industry Development Institute)

  • Gulaikhan Kubayeva

    (Economic Research Institute Kazakhstan)

Abstract

Economic diversification policy is often on the agenda in developing economies. Typically, this implies the development of the manufacturing industry. It is believed that a strong manufacturing sector reduces economic volatility and contributes to the formation of the middle class. The economic history of countries such as Singapore, South Korea, Japan, where the development of the manufacturing industry was the key to the "economic miracle", confirms this thesis.

Suggested Citation

  • Alibek Konkakov & Gulaikhan Kubayeva, 2016. "Progress in diversification of the economy in Kazakhstan," Working Papers 2016/8, Maastricht School of Management.
    • Handle: RePEc:msm:wpaper:2016/8
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    File URL: http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2016-8.pdf
    File Function: First version, 2016
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    References listed on IDEAS

    as
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    9. Indermit S. Gill & Ivailo Izvorski & Willem van Eeghen & Donato De Rosa, 2014. "Diversified Development : Making the Most of Natural Resources in Eurasia," World Bank Publications - Books, The World Bank Group, number 17193, December.
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    Cited by:

    1. Assembayeva, Makpal & Egerer, Jonas & Mendelevitch, Roman & Zhakiyev, Nurkhat, 2018. "A spatial electricity market model for the power system: The Kazakhstan case study," Energy, Elsevier, vol. 149(C), pages 762-778.
    2. Clement Brenot & Douglas Barrios & Eric S. M. Protzer & Nikita Taniparti & Ricardo Hausmann & Sophia Henn, 2023. "The Economic Complexity of Kazakhstan: A Roadmap for Sustainable and Inclusive Growth," CID Working Papers 426, Center for International Development at Harvard University.
    3. Makpal Assembayeva & Jonas Egerer & Roman Mendelevitch & Nurkhat Zhakiyev, 2017. "A Spatial Electricity Market Model for the Power System of Kazakhstan," Discussion Papers of DIW Berlin 1659, DIW Berlin, German Institute for Economic Research.
    4. Gulmira Azretbergenova & Aziza Syzdykova, 2020. "The Dependence of the Kazakhstan Economy on the Oil Sector and the Importance of Export Diversification," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 157-163.

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