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Balance Econometric Model of Economy of the Republic of Kazakhstan

Student: Anna Astafyeva

Supervisor: Nikolay Pilnik

Faculty: Faculty of Economic Sciences

Educational Programme: Economics (Bachelor)

Final Grade: 10

Year of Graduation: 2017

In this research the model of the economy of Kazakhstan was created. Its framework consists of different balance and econometric equations. During conducting the investigation, macroeconomic data relating to the Kazakh economy was gathered with a restriction of 2006-2016 period. The coefficients of equations are estimated with a special two-step procedure, the resulting estimators are used for the aims of forecasting. The dymanic of endogenous variables dependent of exogenous variables is trcaked; among exogenous there are the following indexes: oil prices, exchange rate, budget expenditures, capital account of balance of payment. Furthemore, the scenario forecasts of Kazakhstan's economy are developed.

Full text (added May 12, 2017)

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