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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Boris Najman & Richard Pomfret & Gael Raballand & Patricia Sourdin, 2005. "How are Oil Revenues redistributed in an Oil Economy? The case of Kazakhstan," Development and Comp Systems 0512012, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0512012
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    References listed on IDEAS

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    Cited by:

    1. Gerhard Toews, 2013. "Inflated Expectations and Natural Resource Booms: Evidence from Kazakhstan," OxCarre Working Papers 109, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    2. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper Series 48360, World Bank.
    3. Manuela Troschke & Horst Ufer, 2006. "Fiskalische Dezentralisierung und regionale Disparitäten in Kasachstan," Working Papers 262, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).

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    More about this item

    Keywords

    resource boom; redistribution;

    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, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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