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The Effects of Oil Revenues on the Dynamics of Macroeconomic Indicators

Author

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  • Bulat Mukhamediyev
  • Mukhamediyev Bulat
Abstract
For oil producing countries it is important to share rationally oil revenues between current expenditure and savings. The purpose of this paper is to study what impact will have change of the oil revenues accumulation on the dynamics of macroeconomic indicators.Modeling of dynamic stochastic general equilibrium with oil producing sector of economy.Forecasted responses of model variables to internal and external shocks of the economy of Kazakhstan. The influences of changes in the share of oil revenues accumulation in the National Fund on forecasted responses of macroeconomic indicators were found.

Suggested Citation

  • Bulat Mukhamediyev & Mukhamediyev Bulat, 2014. "The Effects of Oil Revenues on the Dynamics of Macroeconomic Indicators," EcoMod2014 6890, EcoMod.
    • Handle: RePEc:ekd:006356:6890
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    Keywords

    Kazakhstan; General equilibrium modeling (CGE); Developing countries;
    All these keywords.

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