Statistical analysis of oil sector impact on the economy of Kazakhstan

Damira Kaiyrbek

Bachelor's thesis

Abstract:

The main aim of this thesis was to analyze the dependency between the oil sector and Kazakhstan’s economy. In the theoretical part, the economic development of Kazakhstan was described and the economic background for further evaluation was provided. As the most important indicators oil price, inflation rate, unemployment rate, foreign direct investments were chosen. In the practical part, the dependency between chosen indicators and the economic growth of Kazakhstan was stated. To assess the dependency SAS studio program was used. Oil price, inflation rate, unemployment rate, foreign direct investments were used as independent variables and GDP as the dependent variable. Results from the analysis were interpreted and the main regression model was constructed. Variables such as inflation rate, unemployment rate, foreign direct investments were excluded from the model because they were statistically not significant. It was found out that the oil sector has a strong impact on the economic development of Kazakhstan. Based on the results suggestions for further economic growth were suggested.

Keywords

GDP, Economy, Inflation rate

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 15. 3. 2022

Obhajoba závěrečné práce

• Vedúci: Ing. Zuzana Pacáková, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration