Overview

The Caspian Basin region has boomed since the late 1990s due to new oil discoveries, new pipelines that have diversified countries' transport options and world oil prices that have risen from below $10 in 1998 to $70 in 2006. This book analyzes the experience of the Caspian countries during the oil boom. It is founded on empirical studies, using either macroeconomic tools or an analysis of public budgets, or microeconometric analysis of household survey data or fieldwork in oil-producing regions. Moving from aggregated to disaggregated analysis and, in-keeping with its emphasis on rigorous empirical analysis to the greatest extent possible, several chapters are written by specialists on the Caspian region. Whilst there is an emphasis on the economic consequences of the oil boom, the interdisciplinary aspects of the phenomenon are also recognized. Overall, the analysis is firmly rooted in the region, yet the empirical studies also provide a basis for drawing broader lessons about the effects of an oil boom.

Full Product Details

Author:   Boris Najman (Université Panthéon-Sorbonne, Paris, France) ,  Richard Pomfret (University of Adelaide, Australia) ,  Gaël Raballand (The World Bank, Washington DC, USA)
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.470kg
ISBN:  

9780415533171

ISBN 10:   0415533171
Pages:   256
Publication Date:   06 February 2012
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Preface Mathilde Maurel 1. Introduction Part 1: Background 2. Oil in the Caspian Basin: Facts and Figures Gaël Raballand and Regis Gente 3. The Impact of Oil Revenues on Economic Performance: Analytical Issues Michael Lewin Part 2: Macroeconomic Links and Fiscal Decentralization 4. Nominal and Real Exchange Rates in Kazakhstan: Any Sign of the Dutch Disease? Balazs Egert and Carol Leonard 5. Resource Revenues and Fiscal Sustainability in Kazakhstan Peter Lohmus and Anna Ter Martirosyan 6. Fiscal Decentralization in Centralized States: Central Asian Patterns Natalie Leschenko and Manuela Troschke Part 3: Microeconomic Analysis of Redistribution 7. Redistribution of Oil Revenues in Kazakhstan Boris Najman, Richard Pomfret, Gaël Raballand and Patricia Sourdin 8. Whither Oil Money? Redistribution of Oil Revenues in Azerbaijan Matthias Luecke and Natalia Trofimenko Part 4: Governance and Local Impact: Alternative Viewpoints 9. Improving the Beneficial Socio-Economic Impact of Hydrocarbon Extraction on Local/Regional Development in Caspian Economies Richard Auty 10. Tengiz Crude: A View from Below Saulesh Yessenova 11. Conclusions

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Author Information

Boris Najman is Associate Professor at the University of Paris XII, France and researcher at CES-ROSES, a joint research unit of University of Paris I and the French National Centre for Scientific Research, CNRS. He is an expert on labour and social policies in transition economies. Richard Pomfret has been Professor of Economics at the University of Adelaide since 1992. In 2006-7 he is the AGIP Professor of International Economics at the Johns Hopkins University Bologna Center. He is the author of The Central Asian Economies since Independence (2006). His research interests have centred on economic development and international economics. Gaël Raballand received his PhD in economics from the University of Paris I (Sorbonne). Currently, he works as a Young Professional at the World Bank in Washington DC. Prior to this, he was a consultant for the French Institute of International Relations (IFRI), Paris.

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