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    Measuring Impacts and Financing Infrastructure in Kazakhstan

    Aidarkhanova, Bibigul | June 2020
    Abstract
    This paper studies the impacts of the infrastructure project on economic development in Kazakhstan. We first overview the macroeconomic situation and the development of public–private partnerships in Kazakhstan. In the empirical part of this research, we use the “difference-in-difference” (DiD) approach to assess the economic impact of the “Khorgos–Zhetygen” railway construction. We further distinguish between effects for the short term (2009‒2012) and medium term (2013–2017). In the study we consider the impact of the railway construction at two levels: the subregional (rayon) level and the regional (oblast) level. Our study finds that the infrastructure project had a statistically significant and positive impact on economic sectors, such as construction, agriculture, and industry, in the subregions under study compared to the control group. Furthermore, the results of the regional model showed that the construction of the railway has a statistically significant and economically growing impact on the tax revenues and regional GDP of the considered region. We found a more statistically significant impact on the increase in regional GDP of the region under study in the medium term by 18% of the mean regional GDP due to the railway construction. We also found a statistically significant and economically growing impact on tax revenues, increasing by 24% of the average taxes in the short term and by 42% in the medium term. Our study finds that the influence of the railway on macroeconomic indicators of the region under study has increased since its construction and in recent years has achieved a greater effect. In general, our study shows that the spillover effects of the project are significantly important for the local economy and can stimulate economic activity at the subregional and regional levels.
    Citation
    Aidarkhanova, Bibigul. 2020. Measuring Impacts and Financing Infrastructure in Kazakhstan. © Asian Development Bank Institute. http://hdl.handle.net/11540/12223.
    Keywords
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development In East Asia
    Development Planning
    Development Research
    Green revolution
    Development projects
    Physical infrastructure
    Soft infrastructure
    Infrastructure finance
    Infrastructure bonds
    Transport infrastructure
    Roads
    Highways
    Railways
    Ports
    Airports
    Pipelines
    Water supply
    Power production
    Power transmission
    Power distribution
    Telecommunications
    Infrastructure connectivity
    Cross border connectivity
    Development strategy
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Development strategy
    Development models
    Economic development
    Land acquisition
    Land trust scheme
    Public-private partnership
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Development Planning
    Development Research
    Technology Development
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development strategy
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Absorptive capacity
    Economic development projects
    Economic forecasting
    Economic development projects
    Municipal government
    Technology transfer
    Exchanges of patents and technical information
    Technical education
    Technology
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
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    Citable URI
    http://hdl.handle.net/11540/12223
    Metadata
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    Author
    Aidarkhanova, Bibigul
    Theme
    Development
    Infrastructure
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise