The role of Institutions in Economic Development: case of Kazakhstan
Název práce: | The role of Institutions in Economic Development: case of Kazakhstan |
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Autor(ka) práce: | Sidorova, Valeriya |
Typ práce: | Bachelor thesis |
Vedoucí práce: | Maialeh, Robin |
Oponenti práce: | Špecián, Petr |
Jazyk práce: | English |
Abstrakt: | AbstractThere is little evidence in the academic literature on this topic of economic institutions effect of the economic development in Kazakhstan. In this thesis we address this particular problem and identify that the institutions closely correlated with the economic growth in Kazakhstan. We start with a general overview of institutional economic field, make a review of its theories, summarise the results of the most outstanding works in the field and identify potential problems. We characterise Kazakhstan economy and observe positive development in terms of GDP per capita growth, inflation and unemployment reduction. Finally, using ordinary least squares we estimate the relationship between institutional indicators and real output per capita. The results show that control of corruption, government efficiency, rule of law and regulation quality are crucial for economic growth in Kazakhstan. Political stability and freedom of speech (voice and accountability) do not influence the economic growth in Kazakhstan. Keywords: Corruption, Economic growth, Institutions, Kazakhstan, Institutional economicsJEL classification: O430, O530, P260 |
Klíčová slova: | Corruption; Economic growth; Institutions; Kazakhstan; Institutional economics |
Název práce: | The role of Institutions in Economic Development: case of Kazakhstan |
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Autor(ka) práce: | Sidorova, Valeriya |
Typ práce: | Bakalářská práce |
Vedoucí práce: | Maialeh, Robin |
Oponenti práce: | Špecián, Petr |
Jazyk práce: | English |
Abstrakt: | AbstractThere is little evidence in the academic literature on this topic of economic institutions effect of the economic development in Kazakhstan. In this thesis we address this particular problem and identify that the institutions closely correlated with the economic growth in Kazakhstan. We start with a general overview of institutional economic field, make a review of its theories, summarise the results of the most outstanding works in the field and identify potential problems. We characterise Kazakhstan economy and observe positive development in terms of GDP per capita growth, inflation and unemployment reduction. Finally, using ordinary least squares we estimate the relationship between institutional indicators and real output per capita. The results show that control of corruption, government efficiency, rule of law and regulation quality are crucial for economic growth in Kazakhstan. Political stability and freedom of speech (voice and accountability) do not influence the economic growth in Kazakhstan. Keywords: Corruption, Economic growth, Institutions, Kazakhstan, Institutional economicsJEL classification: O430, O530, P260 |
Klíčová slova: | Economic growth; Kazakhstan; Corruption; Institutional economics; Institutions |
Informace o studiu
Studijní program / obor: | Ekonomie a hospodářská správa/Economics |
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Typ studijního programu: | Bakalářský studijní program |
Přidělovaná hodnost: | Bc. |
Instituce přidělující hodnost: | Vysoká škola ekonomická v Praze |
Fakulta: | Národohospodářská fakulta |
Katedra: | Katedra ekonomie |
Informace o odevzdání a obhajobě
Datum zadání práce: | 26. 6. 2019 |
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Datum podání práce: | 18. 8. 2019 |
Datum obhajoby: | 5. 9. 2019 |
Identifikátor v systému InSIS: | https://insis.vse.cz/zp/70133/podrobnosti |