Kanat Makhanov

Kanat Makhanov

Senior Research fellow

Kanat Makhanov is a research fellow at the Eurasian Institute of the International H.A Yassawi Kazakh-Turkish University. He holds a BA in Business Economics from the KIMEP University from 2012. In 2014 he earned his Masters degree in Economics from the University of Vigo (Spain), completing his thesis on “Industrial Specialization in autonomous regions of Spain and Kazakhstan”. His main research interests are Spatial Economics, Economic Geography, Regional Economics, Human and Economic Geography.

Staff's Publications


March 18, 2019

Moldova after Parliamentary Election

On 24 February of 2019, parliamentary elections in the Republic of Moldova were held. The previous parliamentary elections in the Republic of Moldova took place on 30 November 2014. According to the Constitution of the Republic of Moldova, parliamentary elections must be held within three months before the expiration of […]
January 29, 2019

General Socio-Economic Profile of the Turkestan Region and the City of Shymkent

On June 19, 2018, Nursultan Nazarbayev signed a decree according to which Shymkent became a city of republican status along with the cities of Almaty and Astana. The administrative center was moved to Turkestan, and the region was renamed from South Kazakhstan to Turkestan. Thus, Shymkent became the 17th region of […]
January 15, 2019

Petrolization, Financialization as Sources of Wage Differentials in Kazakhstan

According to the Ministry of National Economy of the Republic of Kazakhstan, the average monthly nominal salary in the fourth quarter of 2018 in Kazakhstan totaled 176,050 tenge ($465.7). The statistics revealed that the highest salaries were registered in the extractive sector where the average monthly salary is 390,400 tenge […]
December 19, 2018

Russian Oil Industry on the Verge of Decline

According to the Society of Petroleum Engineers, Russia owns the eight largest oil fields in the world possessing around 5% of the global proven reserves of oil and gas condensate (80 billion barrels). Currently, Russia accounts for 14% of the global oil production with 11 million barrels per day, which […]
October 19, 2018

Slow Labor Productivity as Burden for Long-Term Economic Growth of Kazakhstan

According to the latest report by the Ministry of National Economy of Kazakhstan, during January-October of 2018, the real GDP growth of Kazakhstan reached 4.1% [1]. Significant growth rates are present in manufacturing (5.4%), mining (4.6%) and construction (4.1%). The growth rate in agriculture reached 2.5% whereas the service sector […]
October 8, 2018

Economic Implications of Climate Change on Russia

Nowadays it can be easily observed that the ongoing process of climate change has a major influence on Earth’s ecosystem, thereby determining many aspects of human activity. For instance, there is an upward temperature trend all over the world that could hinder the global growth by raising operational costs. In […]
September 30, 2018

The New Spatial Development Strategy of Russia

The Ministry of Economic Development of Russian Federation presented the “Strategy of Spatial Development of the Russian Federation until 2025”, which contains the main policy priorities, rules, measures and tools to be implemented concerning the spatial development of Russia until 2025. The Projected Spatial Development Strategy will contain a list […]
September 23, 2018

The Third Quarter Marks the End of Russia’s Expansionary Cycle

The latest statistics by the Federal State Statistics Service of Russia (Rosstat) [1] reveals a deceleration of the real disposable income[1] (RDI) growth. In August of 2018, the RDI growth turned negative for the first time measured in month-to-month terms showing a 0.9% decrease and in September, it reached negative 1.5%. […]
July 16, 2018

New Economic Policy of Russia during the Fourth Presidential Term of Putin

As it was expected, President of Russia Vladimir Putin issued a new package of the May Decrees that contain 150 tasks to be implemented during 2018-2024 by the federal and local executive authorities starting right after Putin’s inauguration for the fourth presidential term. The document is extremely important since it […]
May 21, 2018

Analyzing the Effects of Free Trade Agreement between EEU and Iran for Kazakhstan

On May 17 of 2018, an interim agreement leading to the formation of a free trade area (FTA) between the Eurasian Economic Union (EEU) and the Islamic Republic of Iran was signed within the framework of the Astana Economic Forum. The agreement was signed by Chairman of the Board of […]