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GTAP Resource #3247

"Implications of the Oil Export Price Increase in a Two-Sector Model: Stylized and Empirical Approaches. A CGE Analysis for the Case of Kazakhstan"
by Kapsalyamova, Zhanna


Abstract
In this paper I develop a stylized model and apply the Lofgren’s et al. (2002) model to Kazakhstan to examine the
effects of the oil export price increase on the economy and the effect of different macro closure rules. The results
from these models show that oil export price increase generates three effects the import-competing,
transformability effects, which tend to boost the oil sector and undermine the non-oil sector and the demand effect,
which vice versa tends to boost the non-oil sector and undermine the oil sector. In addition, the results show that
the results across closure rules are not too different but they differ, thereby suggesting that the rationale behind a
choice of the particular closure rule should be explicitly stated.


Resource Details (Export Citation) GTAP Keywords
Category: 2010 Conference Paper
Status: Published
By/In: Presented at the 13th Annual Conference on Global Economic Analysis, Penang, Malaysia
Date: 2010
Version:
Created: Kapsalyamova, Z. (4/12/2010)
Updated: Kapsalyamova, Z. (4/12/2010)
Visits: 829
- Economic development
- Calibration and parameter estimation
- Commonwealth of Independent States


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Last Modified: 9/15/2023 2:05:45 PM