| A large portion of Chinese investment in Kazakhstan is concentrated in the energy sector.This is mainly the production and export of Kazakhstan's energy resources-oil,gas,coal,uranium.The cooperation between Kazakhstan and China in the oil and gas sectors has been growing rapidly since 1996.Numerous projects in the energy sector of Kazakhstan,which China takes an active part in for the last fifteen years is a vivid proof of that.Currently China and Kazakhstan are actively implementing large-scale joint projects in the field of transport.The transport cooperation between Kazakhstan and China includes two key areas:the use of the transit potential of Kazakhstan for railway and automobile transport operations between China and other states of the Eurasian continent and the maintenance of economic cooperation between the PRC and Kazakhstan.The purpose of this empirical analysis is to investigate,based on gravity model,FDI flow from China to Kazakhstan during 2008-2016 year and NLS model.This paper estimation are controlled for the importance of both the traditional gravity variables(GDP,per capita GDP,Distance,Common border and Common organization the latest variables are dummy).The results suggest that gross products of host regions and source countries,common border and being the members of the same organization in this case it is called common organizations abundance are positively related to the number of joint ventures in a particular Kazakhstan's region. |
