Relationship between transport infrastructure and economic growth: The case of Kazakhstan

Bc. Assyl Gabdulina

Master's thesis

Abstract:

For this research it was investigated a relationship between FDI for railway, automobile, pipeline, air, seaborne and riverine sector and economic growth of Kazakhstan. For the analysis it was used the annual data for the period 1998 to 2018 (almost the whole period of independence of Kazakhstan). Due to the regression analysis of Ordinary Least Square (OLS) was analysed all the data. Based on the empirical results, the analysis showed that there is a positive relationship between FDI for all modes of transportation and economic growth. My observations confirmed that foreign direct investment has a significant role in the development of republic. Indeed, Kazakhstan as a new developing economy attracts FDI to country. However, it should be noticed that economic growth of the republic largely based on natural resources. In addition, it was analysed the interconnection between GDP, unemployment rate, oil price, mining and quarrying, manufacturing industry and gross output of agricultural products using Two-Stage Least Squares (2SLS) Regression Analysis in SW Gretl.

Keywords

transport infrastructure, Kazakhstan, World Bank, Foreign Direct Investment, GDP, public-private partnership

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 4. 4. 2020

Obhajoba závěrečné práce

• Vedúci: doc. Ing. Irena Benešová, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / odbor:
Economics and Management / Economics and Management