Abstract:Purpose- The article examines the key factors affecting the use of the National Fund of Kazakhstan (NFK) in 2005-2017, as well as the development of more effective methods and actions to improve its performance in the future.
Methodology- The study has developed a functional model of transfers from it to the state budget (spending rule), which helps to explain the observed dynamics of its use. The model was examined by using dynamic panel estimation techniques. As result it was found that transfers from oil f… Show more
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