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Recent Developments in the Short-term Employment in Kazakhstani Firms

Author

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  • Yelena Kalyuzhnova

    (The centre for Euro-Asian Studies, The University of Reading, Whiteknights, PO Box 218, Reading, UK.)

  • Maria Vagliasindi

    (European Bank for Reconstruction and Development, London, UK)

  • Mark Casson

    (The centre for Euro-Asian Studies, The University of Reading, Whiteknights, PO Box 218, Reading, UK.)

Abstract

The paper analyses data from the survey of 701 Kazakhstani firms over a nearly 2-year period from the second quarter of 1998 through the fourth quarter 1999, making it possible to examine employment changes for period prior to, during and following the Russian financial crisis of August 1998. The survey reports the major constraints on productivity growth and market penetration facing enterprises in transition. In addition, the predictions of the theoretical propositions of the employment behaviour of firms in transitional economies are tested by cross-section regressions. The results indicate that changes in ownership per se did not cause a significant difference in the behaviour of newly privatised enterprises in Kazakhstan. However, there is some evidence of a differential effect of privatisation on export-oriented enterprises. This is reflected in differential responses among the enterprises that were most exposed, through their trade linkages, to the recent Asian and Russian financial crises. Comparative Economic Studies (2003) 45, 466–492. doi:10.1057/palgrave.ces.8100033

Suggested Citation

  • Yelena Kalyuzhnova & Maria Vagliasindi & Mark Casson, 2003. "Recent Developments in the Short-term Employment in Kazakhstani Firms," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 45(4), pages 466-492, December.
    • Handle: RePEc:pal:compes:v:45:y:2003:i:4:p:466-492
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    Cited by:

    1. Kalyuzhnova, Yelena & Kambhampati, Uma, 2008. "The determinants of individual happiness in Kazakhstan," Economic Systems, Elsevier, vol. 32(3), pages 285-299, September.
    2. Kalyuzhnova, Yelena & Nygaard, Christian, 2008. "State governance evolution in resource-rich transition economies: An application to Russia and Kazakhstan," Energy Policy, Elsevier, vol. 36(6), pages 1829-1842, June.

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