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How are Oil Revenues redistributed in an Oil Economy? The case of Kazakhstan

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Author Info
Boris Najman (ROSES-CNRS, University of Paris 1, France)
Richard Pomfret (University of Adelaide, Australia)
Gael Raballand (World Bank, Washington DC, USA)
Patricia Sourdin (University of Adelaide, Australia)

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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.

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Paper provided by EconWPA in its series Development and Comp Systems with number 0512012.

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Date of creation: 13 Dec 2005
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Handle: RePEc:wpa:wuwpdc:0512012

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Related research
Keywords: resource boom redistribution

Find related papers by JEL classification:
D30 - Microeconomics - - Distribution - - - General
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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