1. An analysis of Kazakhstan's economy from the supply and demand side
Theoretical foundations and practical aspects of the forecasting model, taking into account current socio-economic events in Kazakhstan based on data on aggregate demand, aggregate supply, foreign trade and investment, social sphere, public finance, monetary policy, and business development conditions in 2000–2019, as well as the construction of a model to assess the impact of the COVID-19 shock on individual sectors of the economy based on the Cobb-Douglas function.
2. An analysis of the impact of COVID-19 on the economy.
The direct impact of COVID-19 on the economy of Kazakhstan.
Review and analysis of international experience in combating the economic impact of the pandemic;
Building a forecasting model;
Data collection;
Conducting a regression analysis;
Modeling the impact of COVID-19 on the economy of Kazakhstan.
On the demand side, the econometric model assessed three scenarios to estimate COVID-19 impact in 2020 and forecasts for 2021.
Scenario 1 assumes a counterfactual reality of no COVID-19;
Scenario 2 looks at the COVID-19 impact with government support measures;
Scenario 3 estimates economic impact without government support measures.
