KIMEP University

About: KIMEP University is a education organization based out in Almaty, Kazakhstan. It is known for research contribution in the topics: Corporate governance & Government. The organization has 185 authors who have published 426 publications receiving 5098 citations.

Foreign Direct Investment and Gross Domestic Product in Kazakhstan

Abstract: The study explores a relationship between foreign direct investment and gross domestic product in Kazakhstan. It was found that, in general, Kazakhstan remains the leader in the sphere of investment attracting among the Central Asian countries. The risks of investing in other countries of Central Asia seriously exceed the risks of investing in Kazakhstan. The capital and investment, along with human resources, is an important development center. Foreign direct investment played an important role in the economic growth of developed countries. Almost every developed country has assisted foreign financial institutions in addition to its own small savings in the early stages of its development. Kazakhstan is known as a developing country in the center of Eurasia, which attracted over 151 billion of USA dollars since its independence. The aim of the study is to find out the relationship between foreign direct investments and Gross Domestic Product. The study proved the fact that foreign direct investment does significantly positively affect Gross Domestic Product in Kazakhstan. Thus, we can make a practical conclusion that these results can be helpful as a base for the new researches as well as for the practical implementation and potential government’ use in Kazakhstan. The further research may employ such variables as exchange rate, inflation rate. Some new methods can be employed such as Ordinary Least Squares. Practically, policy makers should take into consideration the fact that foreign direct investment positively and significantly affects Gross Domestic Product.

Economic Modernization Beyond Denuclearization

Abstract: This chapter arrives at the culmination of the main tenet of this book—what conditions must be satisfied and which measures must be taken in order for the DPRK to survive without nuclear weapons as an economically prosperous, normalized state. It addresses the essential attributes of how North Korea can secure a road to a “bright future” through radical, market-oriented reform and opening with spectacular economic growth in return for the dismantlement of its nuclear weapons program. It ultimately outlines a cohesive blueprint for market-oriented economic reform and opening, drawing on the lessons learned from the experiences of other formerly socialist economies while acknowledging the unique situation of North Korea.

Financial Literacy and Retirement Planning in Kazakhstan

Abstract: Financial literacy level of Kazakhstan is measured using internationally standardized basic questions to compare with other countries previously studied. The level in Kazakhstan is alarmingly low compared to advanced countries. The most vulnerable groups are identified as female with no business education and lower income. The relationship between the financial literacy and retirement planning indicates that both variables are jointly determined, i.e. the higher is the literacy scores the more likely planned retirement and vice versa. This result indicates the importance of government efforts to promote the financial literacy level of the most vulnerable groups for the successful implementation of the recent pension reform which emphasizes more on the individual responsibility for the retirement.

On Groups Carrying Homogeneous Weakened Pregeometries

Abstract: We consider the question on the existence and properties of groups carrying homogeneous weakened pregeometries.

Sanctions and Taxes

Abstract: Are sanctions the most efficient means for convincing a nation to stop threatening security? We incorporate sanctions in a Robert Kohn trade model, likening security threats to global pollutants. Results suggest that Pigouvian taxes may contain the threats more efficiently than sanctions can. Econometric models of North Korea imply that comprehensive sanctions might reduce the number of arms tests. On the back of an envelope, we estimate that an income fall equivalent to about 7% of 2014 GDP might have eliminated all testing in 2015, controlling for the head of regime. But the result is not robust across all models.