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The Value of Investment Resources Influx for the Development of the Electric Power Industry of Kazakhstan

Author

Listed:
  • Sholpan Smagulova

    (Department of State regulation of the economy, T.Ryskulov New Economic University, Almaty, Kazakhstan.)

  • Amangeldi D. Omarov

    (Department of Industry and Transport, D.A. Kunaev University of Humanities and Law of Transport, Almaty, Kazakhstan.)

  • Aybek B. Imashev

    (Department of Economy, T.Ryskulov New Economic University, Almaty, Kazakhstan)

Abstract

The article analyzes the state of the energy system for the past 23 years in Kazakhstan. The main objective of the study is to conduct an econometric analysis on effective development of electric power industry of Kazakhstan for the period of 1991-2013. We justify some patterns and relationships inherent in the process of electricity generation. At the same time, have a significant negative value depreciation of fixed assets of the electricity sector and losses in electric networks. Regression estimation proved the hypothesis that an increase in the volume of electricity generated depends on the level of investment in fixed capital injections industry. The constructed model can be used to reliably predict in the medium term and allows the Government to make effective decisions in the modernization of the electricity sector

Suggested Citation

  • Sholpan Smagulova & Amangeldi D. Omarov & Aybek B. Imashev, 2015. "The Value of Investment Resources Influx for the Development of the Electric Power Industry of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 374-384.
  • Handle: RePEc:eco:journ2:2015-01-28
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    References listed on IDEAS

    as
    1. Narayan, Paresh Kumar & Popp, Stephan, 2012. "The energy consumption-real GDP nexus revisited: Empirical evidence from 93 countries," Economic Modelling, Elsevier, vol. 29(2), pages 303-308.
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    4. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Electric power industry of Kazakhstan; investment; econometric estimation; Granger causality analysis.;

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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