Azimzhan Khitakhunov

Azimzhan Khitakhunov

Senior Research fellow

Azimzhan Khitakhunov is a research fellow at the Eurasian Research Institute. He has received his bachelor, master and Ph.D. degrees from Al-Farabi Kazakh National University (Ph.D. degree was completed in cooperation with the Johns Hopkins University, School of Advanced International Studies, Bologna, Italy). Currently, he is a senior lecturer at Al-Farabi Kazakh National University, Higher School of Economics and Business, Economics Department, where he teaches macroeconomics related disciplines. His research experience includes participation as a research fellow in the government financed f

Staff's Publications

November 22, 2021

The Court of the Eurasian Economic Union

The Eurasian Economic Union (EAEU) is one of the recent regional trade agreements. Despite the idea of Eurasian integration has a long history and was proposed by the first President of Kazakhstan Nursultan Nazarbayev in the early 1990-s, Kazakhstan together with Belarus and Russia formed a customs union only in […]
October 4, 2021

What Drives Higher Food Prices: Examples from Central Asia

Food prices are one of the most important indicators, which play an important role in economic and political stability. Food prices depend on a variety of factors, including growth in demand (mainly from Asian countries), financial market speculations, export restrictions, weather shocks, productivity slow-down, currency depreciation, rising oil prices, biofuels […]
September 27, 2021

Transport Strategy of Uzbekistan: Current Developments

Transport and infrastructure play an important role in Uzbekistan’s economy. Implementation of the open economic policy requires the penetration of new markets. Uzbekistan aims to diversify its exports. Besides traditional markets such as Central Asia and Russia, the country increases its supplies to China, the countries of Europe, and Turkey. […]
August 27, 2021

Infrastructure and Trade Facilitation in the Eurasian Region

High-quality infrastructure remains critical for economic growth and international trade. Hard and soft infrastructure, effective customs regulation, including digitization of customs procedures are important for boosting trade indicators. Therefore, this commentary aims to analyze recent developments in infrastructure and trade facilitation in the Eurasian region, reveal its problems and provide […]
July 28, 2021

Foreign Trade of Uzbekistan

International trade plays a crucial role for Uzbekistan. The country has been one of the most important suppliers of agricultural products, including cotton, fruits, and vegetables. Since independence, Uzbekistan started to conduct gradual reforms. Import-substitution policy with strong protection of the internal market were the features of the country’s economy. […]
June 8, 2021

Macroeconomic Effects of Infrastructure Development

Many developing countries in the Eurasian region are in search of economic growth drivers. The previous growth models mainly based on fuel exports can no longer guarantee sustainable development due to ongoing structural transformations in the global economy. Renewable energy investments demonstrate high growth rates. Gradual substitution of traditional energy […]
May 11, 2021

Mutual Effects of Climate Change and Agriculture

Climate change remains one of the most important challenges and threats for humanity. It has substantial economic costs. Greenhouse gas (GHG) emissions are externalities and represent the biggest market failure the world has seen [Stern, 2008].  Negative impacts of climate change vary across different sectors. Agriculture remains one of the […]
April 17, 2021

Economic Effects of Renewable Energy Development

Renewable energy development is one of the key priorities for both developed and developing countries. Many studies focus on renewable energy-climate interaction [Jones and Warner, 2016]. At the same time, benefits from renewable energy development are wide. They vary from job creation to its positive contribution to economic growth. Renewable […]
April 11, 2021

Turkey’s Foreign Trade Policy and Dynamics

International trade plays an important role in Turkey’s economy. Export remains a significant source of revenue for the country. Turkey is an important supplier of agricultural, manufacturing and technological products to the global market. Therefore, this commentary aims to analyze the dynamics of Turkey’s foreign trade, show its key trade […]
March 17, 2021

Trade between Turkey and Central Asia

Central Asia is a region of increasing competition between great powers such as Russia, China and the United States. Eurasian integration with active participation of Russia, China-led One Belt – One Road initiative, and the United States’ proposals such as the New Silk Road are in the focus of many […]