Analysis of the Effect of Oil and Energy Production on Health and Education Expenditures in Kazakhstan with Autoregressive Distributed Lag Method

Taibek Z. Kozhamkulova I. Kuralbayev A. Spanova B.K. Myrzabekkyzy K.
24 March 2023 Econjournals

International Journal of Energy Economics and Policy
2023 #13 Issue 2 215 - 221 pp.

This study analyzes the impact of Kazakhstan’s oil and energy production between 2000 and 2020 on government expenditures on health and education. Kazakhstan’s total crude oil and natural gas production, gas fuel production and distribution, domestic general government health expenditures (% of GDP), out-of-pocket health expenditures (% of total health expenditures), and government expenditures on education (% of GDP) are included. ARDL analysis showed that oil and natural gas production has an impact on government expenditures on health and education. Moreover, the boundary value proved that this effect exists in both the short and long terms. ARDL analysis also showed that oil and natural gas production has a short-term effect on out-of-pocket health expenditures, but not in the long term. These findings can be interpreted as there are scientific grounds to expect that the impact of energy production on government investments in education and health will continue in the future.

ARDL , Education , Energy , Health , Kazakhstan , Oil

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M. Auezov South Kazakhstan University, Shymkent, Kazakhstan
Branch of the Academy of Public Administration under the President of the Republic of Kazakhstan, Turkestan, Kazakhstan
Karaganda University of Kazpotrebsoyuz, Karaganda, Kazakhstan
Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan

M. Auezov South Kazakhstan University
Branch of the Academy of Public Administration under the President of the Republic of Kazakhstan
Karaganda University of Kazpotrebsoyuz
Khoja Akhmet Yassawi International Kazakh-Turkish University

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