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


April 30, 2018

Regional Repercussions of the Economic Recession in Russia

Since 2014, the Russian economy has been in recession caused primarily by the drop in oil prices and sanctions imposed by the western countries. In 2017, after two years of the negative growth, Russia’s GDP and industry production in-creased by 1.5% and 1.0%, respectively, while the inflation rate decreased to […]
April 20, 2018

Aviation in Kazakhstan: an Economic View

One of the distinct features of the process of globalization of the world economy is the diminishing role of distance, which is becoming less relevant thanks to ever increasing efficiency and decreasing costs of traveling around the world. Air traffic plays the key role in this process connecting people and […]
February 19, 2018

Economics of Demographics in Central Asia

As of January 2018, the population of the five Central Asian countries, Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan and Turkmenistan, reached a landmark figure of 71 million people. Uzbekistan, being the most populated country in the region, has a population of 32.12 million people, followed by Kazakhstan with 18.16 million people, while […]
February 5, 2018

ZIPF’s Law and Economics of the Cities in Kazakhstan

During the Soviet era, the urban and regional development in Kazakhstan was strictly regulated and often based on means other than economic. With the collapse of this system, Kazakhstan, just like the rest of the Soviet Union, was fully exposed to all kinds forces that shaped current urban and regional […]
December 15, 2017

Green Economy in Kazakhstan: Opportunities and Challenges

There is no single commonly accepted definition of Green Economy in politics, media or academic literature. The United Nations Environment Program (UNEP) defines the green economy as one that leads to the improvement of the economic well-being and social equality, while significantly reducing environmental risks and pressure on the environment. […]
September 27, 2017

The Economics of Demographics in Kazakhstan

Within the field of economics, demographics is a very powerful tool for analysis and forecasting. The application of the economic analysis techniques to demographics can provide us with a wide variety of information for purposes ranging from economic market research to economic policy development. According to the Committee on Statistics […]
July 26, 2017

Recent Trends in Fiscal Policy in the Economy of Kazakhstan

As it is well known, the economy of Kazakhstan is highly dependent on extractive industries, which has implications for coordinating fiscal policy. During 2014- 2016, Kazakhstan’s oil and gas revenues decreased by almost two thirds. This sharp decline made it necessary for the Government to reconsider the implications of the […]
May 24, 2017

Evolution of the Labor Productivity in the Economy of Kazakhstan

During the last couple of decades, Kazakhstan has been taking various measures intending to increase the labor productivity and these measures are rather successful in many terms. According to the latest available statistics of the Committee on Statistics of the Ministry of National Economy Kazakhstan, the overall labor productivity in […]
February 28, 2017

Recent Changes in the Non-Oil Sector of the Economy of Kazakhstan

Last year was marked by significant changes in the economic structure of Kazakhstan. As a result of low oil prices, the crude oil export revenues reduced to $22.3 billion, which is even lower than in 2015 when it was $31.1 billion and three times lower than in 2011 when it […]
November 30, 2016

Perspectives of Free Trade Regime between EEU and China

China leans towards the idea of establishing a free trade zone with the Eurasian Economic Union (EEU). The first round of negotiations on this issue was scheduled to be held in mid-October of 2016 in Moscow. However, later it was postponed due to unreadiness of the two sides. Nevertheless, the […]