Articles
http://nur.nu.edu.kz:80/handle/123456789/1010
2024-03-28T23:48:31ZOIL PRICE SHOCKS AND GREEN BONDS: AN EMPIRICAL EVIDENCE
http://nur.nu.edu.kz:80/handle/123456789/6921
OIL PRICE SHOCKS AND GREEN BONDS: AN EMPIRICAL EVIDENCE
Azhgaliyeva, Dina; Kapsalyamova, Zhanna; Mishra, Ranjeeta
This paper contributes to the existing literature by investigating the impacts of crude oil price shocks on financial
markets through an examination of the effect of oil price shocks on the issuance of corporate green bonds. Green
bond issuance has been growing fast over the past several years; despite this, the share of green bonds in the total
bonds remains less than 1%. Using the multilevel models, this study investigates the effect of flow oil-supply,
flow oil-demand, and speculative oil-demand shocks on (1) probability of the corporate green bond issuance
and (2) the share of corporate green bond issuance. We find that flow supply shocks, flow demand shocks and the
issuance of sovereign green bonds have a positive and significant effect on the probability of the issuance of
corporate green bonds, but shocks have no significant impact on the share of the corporate green bond issuance.
The results are robust to alternative specifications of our models.
2022-01-01T00:00:00ZTRADE CREDIT AND FINANCIAL CRISES IN KAZAKHSTAN
http://nur.nu.edu.kz:80/handle/123456789/6471
TRADE CREDIT AND FINANCIAL CRISES IN KAZAKHSTAN
Adilkhanova, Zarina; Nurlankul, Aruzhan; Token, Aizat; Yavuzoglu, Berk
This paper studies the trade credit and delinquency behavior in Kazakhstan paying attention to
the effects of two recent crises using a unique dataset of large firms and SMEs from the year
2009 to 2016. Our estimates suggest that the relationship between trade and bank credit is
mainly substitutional except that it was complementary for large firms following the year 2014–
5 crisis. This new piece of evidence on the non-uniform relationship between trade and bank
credit during crisis might provide more insight into the mixed findings in the literature. We also
discern that trade credit demand is more prevalent among capital-intensive firms. Kazakhstani
firms pass along a sizeable portion of their delinquent receivable to their trade credit suppliers.
The transmission of trade credit delinquency, additionally, is amplified during the year 2014–5
economic crisis but the year 2009 global financial crisis.
2022-01-01T00:00:00ZTHE IMPACT OF SOCIAL DISTANCING ON BOX-OFFICE REVENUE: EVIDENCE FROM THE COVID-19 PANDEMIC
http://nur.nu.edu.kz:80/handle/123456789/5765
THE IMPACT OF SOCIAL DISTANCING ON BOX-OFFICE REVENUE: EVIDENCE FROM THE COVID-19 PANDEMIC
Kim, Kyung
In this paper, I study the short-run effect of social distancing due to the COVID-19
outbreak on movie demand and box-office revenue. Using longitudinal data on the
Korean movie theater industry, I first estimate a nested logit model of movie demand,
and then quantify the revenue loss in the industry. Estimation results reveal that the
revenue loss due to the decrease in underlying movie demand is approximately 52
million dollars nationwide during the first five weeks after the outbreak, implying a
34 percent decrease in sales. The results also suggest an additional 42 million dollars
were lost as the delay of some major movies lowered the overall quality of available
movies in the market
2020-10-21T00:00:00ZWHY ENERGY ACCESS IS NOT ENOUGH FOR CHOOSING CLEAN COOKING FUELS? EVIDENCE FROM THE MULTINOMIAL LOGIT MODEL
http://nur.nu.edu.kz:80/handle/123456789/5675
WHY ENERGY ACCESS IS NOT ENOUGH FOR CHOOSING CLEAN COOKING FUELS? EVIDENCE FROM THE MULTINOMIAL LOGIT MODEL
Kapsalyamova, Zhanna; Mishra, Ranjeeta; Kerimray, Aiymgul; Karymshakov, Kamalbek; Azhgaliyeva, Dina
The transition to sustainable energy requires an assessment of drivers of the use of clean and dirty fuels for cooking. Literature highlights the importance of access to clean fuel for switching from dirty fuels to clean fuels. Though access to cleaner fuels, such as electricity promotes clean fuel use, it does not necessarily lead to a complete transition to the use of clean fuels. Households continue using traditional fuels in addition to the clean fuels. The main objective of this paper is to explain the choice of dirty cooking fuels even when access to electricity is provided. We use nationally representative household survey data to study the household energy use decisions in three middle-income countries, namely, India, Kazakhstan, and the Kyrgyz Republic. The study discusses the role of access to natural gas, free fuel, convenience or multi-use of fuels featured by the heating system installed, built-in environment, and other socio-economic factors in household fuel choice for cooking. The results show that access to natural gas increases the likelihood of opting for clean fuel, while the availability of free fuel in rural areas and the coal-based heating system promote the use of solid fuels.
2021-05-11T00:00:00ZReturn to the countryside: The return intentions of highly educated young people in the Akmola province of northern Kazakhstan
http://nur.nu.edu.kz:80/handle/123456789/4607
Return to the countryside: The return intentions of highly educated young people in the Akmola province of northern Kazakhstan
Sagyndykova, Galiya; Buchenrieder, Gertrud; Dufhues, Thomas; Möllers, Judith; Runschke, David
The rural out‐migration of young people leads to problems such as “brain drain” and the overageing of the rural population. The purpose of this paper is to study return migration motives among students originating from rural areas. The case study relates to the province of Akmola, northern Kazakhstan. Based on data collected from college and university students (n = 357), a binary logistic regression model is used to identify rural return motives. Noneconomic and economic motives are equally important in forming a return intention. Our findings do not suggest that particularly underperforming students intend to return. As expected, compared with those in major cities, students who study in a regional town intend to return more often. We also found a large difference in return intentions along ethnic lines. Students of non‐Kazakh decent are much more likely to return than ethnic Kazakhs, and the two ethnic groups have quite distinct motives indicating signs of ethnic discrimination against non‐Kazakhs in the job market.
2019-10-19T00:00:00ZSpatial electricity market data for the power system of Kazakhstan
http://nur.nu.edu.kz:80/handle/123456789/4380
Spatial electricity market data for the power system of Kazakhstan
Assembayeva, M.; Egerer, Jonas; Mendelevitch, Roman; Zhakiyev, Nurkhat
The data presented in this article are related to the research article “A spatial electricity market model for the power system: The Kazakhstan case study” (M. Assembayeva et al. 2018). This data article presents information on network topology and characteristics, demand variation and distribution, technical and economic parameters for conventional and renewable generation, as well as availability time series, and imports and exports. The dataset is made publically available to allow for more and independent analysis of this emerging energy market.
https://www.sciencedirect.com/science/article/pii/S2352340919301325
2019-04-01T00:00:00Z