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Perfection Of Currency Reserve Policy To Increase Innovative Activity In Industrial Sector Of Kazakhstan

Author

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  • Meiram Begentaev

Abstract

Kazakhstan has accumulated essential foreign currency stocks from resource-based export earnings since gaining independency. These reserves can serve as base for creation of competitive industries. To realize the task the paper recommends policies of rational use of these funds to finance innovative investment projects in priority industries. The paper argues that rational channeling of foreign currency reserves in Kazakhstan can contribute to increase of innovative activity in industrial sector of economy.

Suggested Citation

  • Meiram Begentaev, 2009. "Perfection Of Currency Reserve Policy To Increase Innovative Activity In Industrial Sector Of Kazakhstan," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 2(2), pages 41-42.
  • Handle: RePEc:pdc:jrpieb:v:2:y:2009:i:2:p:41-42
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    More about this item

    Keywords

    State regulation; foreign currency reserves; currency rationing; industrial sector;

    JEL classification:

    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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