Abstract:
Kazakhstan is a young country with one of the fastest growing economy but also it is a country
with an exceptional history behind. It was important to highlight how the past affects present and even
the future because Kazakhstan was an important transit point between the East and the West in the past,
and now we wanted to analyze how reviving its past role would be beneficial for the future periods. This
research examines impacts of trade liberalization on the economy of Kazakhstan, particularly export and
import statistics within the period of 2000 to 2019. The purpose of this study is to see positive effects of
liberalizing trade on export and import, and to see how having FTAs and being a part of unions affects it.
For analyzing this question, we use linear regression equation, and calculate it with many different
variables to make this research more complex and accurate. Our main findings are impressive because it
showed us how small distance between two partner countries is important for both export and import,
also justified how all figures are higher when there is a common border with a trading country. Moreover,
having FTAs between countries showed significant results, which also proves that trade openness is
beneficial. Some of other variables were not so significant, however, analysis of all received data showed
that trade liberalization has a positive impact of economy of the country. In conclusion, this research has
an interesting topic that could be analyzed further in the future.
