A Study of Impact of International Oil Price Fluctuations on  Kazakhstan’s Economic Growth

doi:10.16716/j.cnki.65-1030/f.2017.04.009

Finance & Economics of Xinjiang ›› 2017, Vol. 0 ›› Issue (4): 74-80.DOI: 10.16716/j.cnki.65-1030/f.2017.04.009

A Study of Impact of International Oil Price Fluctuations on Kazakhstan’s Economic Growth

Hu Ying, Shi Weiwei

1. Xinjiang University of Finance and Economics,Urumqi 830012,China

Received:2017-06-02 Online:2020-11-26 Published:2017-08-25

国际石油价格波动对哈萨克斯坦经济增长的影响研究

胡颖, 石微巍

新疆财经大学国际经贸学院,新疆乌鲁木齐 830012

作者简介:胡颖(1973-),女,副教授,博士,研究方向:中国与中亚国家经贸合作;石微巍(1988-),女,硕士研究生,研究方向:中国与中亚国家区域合作。
基金资助:
国家社会科学基金重点项目“中国新疆与中亚国家的能源与贸易互联互通建设战略研究”(13AZD083);新疆普通高校人文社会科学重点研究基地中国(新疆)与中亚区域经济合作研究中心重点项目“中国(新疆)与中亚国家非能源领域合作研究”(2012ZY63B03)

Abstract

Abstract: Kazakhstan is a key country along the Silk Road economic belt and its economic growth has important effects on bilateral trade cooperation between China and Kazakhstan. Petroleum industry is the pillar industry of Kazakhstan, as a result, its economic growth is closely related to the international oil price fluctuations. This paper, using the data of 1997-2015, employs the ADF test cointegration test and error correction model to make an empirical test and the results show that the international oil price fluctuations to Kazakhstan has a great influence on economic growth. The paper holds that Kazakhstan shall adopt diversified development strategy to promote stable economic growth, thus reducing the international oil price fluctuations on the unstable effects of its economic growth

Key words: International Oil Price, Economic Growth, Kazakhstan, Cointegration Model

摘要： 哈萨克斯坦是丝绸之路经济带重点国家,其经济增长对中哈两国贸易合作具有重要影响。本文利用1997年—2015年国际石油价格和哈国GDP数据,运用ADF检验、协整检验和误差修正模型对二者的关系进行实证分析,结果表明国际石油价格波动对哈萨克斯坦经济增长具有较大影响。本文认为哈萨克斯坦应当采取多元化发展战略促进经济稳定增长,从而减少国际石油价格波动对其经济增长带来的不利影响。

关键词: 国际石油价格, 经济增长, 哈萨克斯坦, 协整模型

CLC Number:

F112.1

Hu Ying, Shi Weiwei. A Study of Impact of International Oil Price Fluctuations on Kazakhstan’s Economic Growth[J]. Finance & Economics of Xinjiang, 2017, 0(4): 74-80.

胡颖, 石微巍. 国际石油价格波动对哈萨克斯坦经济增长的影响研究[J]. 新疆财经, 2017, 0(4): 74-80.

[1]	CHEN Zhiguo, BAI Fengjiao. A Study of Spatial Spillover Effect of Communication Infrastructure on Economic Growth [J]. Finance & Economics of Xinjiang, 2022, 0(1): 18-27.
[2]	Guo Junjun, Liu Yuping. Research Status and Hot Spots of High-Quality Development in China Since the 19th National Congress—Knowledge Graph Analysis Based on CiteSpace [J]. Finance & Economics of Xinjiang, 2021, 0(6): 26-36.
[3]	Zuo Zhenglong. A Study of Early Warning of Systemic Financial Risk in Kazakhstan–An Analysis Based on Financial Pressure Index [J]. Finance & Economics of Xinjiang, 2021, 0(4): 70-80.
[4]	Du Xiaorong, Zhou Jing. Promotion Effects of China's Loans on Economic Development of Countries along the Belt and Road—An Empirical Analysis Based on 24 Countries Along the Belt and Road [J]. Finance & Economics of Xinjiang, 2021, 0(2): 59-70.
[5]	Xiang Jie, Hu Qingjiang, Yan Hailong. The Spatial Effect and Threshold Characteristics of Fiscal Expenditure for Supporting Agriculture in China's 31 Provinces [J]. Finance & Economics of Xinjiang, 2021, 0(1): 17-30.
[6]	Gao Guixian, Guo Lingxia. Interstate Distribution and Production Efficiency of Agricultural Resources in Kazakhstan [J]. Finance & Economics of Xinjiang, 2020, 0(6): 59-69.
[7]	Cheng Yunjie, Sun Zhiming. On Agricultural Products Trade Between China and Kazakhstan—Based on An Ternary Margins Analysis [J]. Finance & Economics of Xinjiang, 2020, 0(2): 70-80.
[8]	Zhang Dong, Liu Shuai, Xu Yan, Zhang Shuyuan. On Measurement and Countermeasures of High Quality Economic Development in Ethnic Minority Areas—A Case Study of Xinjiang [J]. Finance & Economics of Xinjiang, 2020, 0(2): 18-30.
[9]	Duan Xiufang, Kou Minglong. The Influence of "the Belt and Road Initiative" on Economic Growth in Western China—— Based on PSM-DID Method [J]. Finance & Economics of Xinjiang, 2019, 0(6): 70-78.
[10]	Li Nan, Deng Li. Has Fiscal Expenditure on Science and Technology Enhanced the Intensive Level of Economic Growth—An Empirical Test Based on Provincial Panel Data [J]. Finance & Economics of Xinjiang, 2019, 0(6): 5-15.
[11]	Wang Zhiyuan. Kazakhstan’s Development Model in the Nazarbayev Era [J]. Finance & Economics of Xinjiang, 2019, 0(4): 61-71.
[12]	Sun Yangyang, Wang Dongmei. The Impact of Consumption Upgrading on China's Economic Growth: An Empirical Study Based on Provincial Panel Data in China [J]. Finance & Economics of Xinjiang, 2019, 0(3): 15-27.
[13]	Duan Xiufang, Wang Fei. An Analysis of the Influence of Kazakhstan’s Foreign Trade Policy on Its Economic Development [J]. Finance & Economics of Xinjiang, 2018, 0(5): 67-80.
[14]	Nan Nan, Zhang Wenzhong. The Influence of NBK’s Policy on Currency Degree under the Framework of New Monetary Policy [J]. Finance & Economics of Xinjiang, 2018, 0(4): 66-72.
[15]	Gao Yang. Adjustment and Enlightenment of Foreign Investment Policyin Kazakhstan——Based on Two-Gap Model [J]. Finance & Economics of Xinjiang, 2018, 0(4): 73-80.

A Study of Impact of International Oil Price Fluctuations on Kazakhstan’s Economic Growth

国际石油价格波动对哈萨克斯坦经济增长的影响研究

PDF (PC)

Knowledge

Abstract

Cite this article

share this article

References

Related Articles 15

Recommended Articles

Metrics

Comments

A Study of Impact of International Oil Price Fluctuations on Kazakhstan’s Economic Growth

国际石油价格波动对哈萨克斯坦经济增长的影响研究

PDF (PC)

Knowledge

Abstract

Cite this article

share this article

References

Related Articles 15

Recommended Articles

Metrics

Comments $("#mag-getCommentCishu-164").load('/develop/jsp/CN/include/getCommentCishu.jsp?articleid=164&ajax=true');

Comments