Scientific Economic Club “Ystyq Shelpek” seminars are continued!

The Economics and entrepreneurship Department and doctoral students of the Education Program  "Analytical Economics" continue to conduct scientific seminars of the Ystyq Shelpek Club in order to familiarize the teaching staff, doctoral students of the Department and other interested persons with the latest scientific publications in 10 of the highest rating international economic journals. Scientific economic seminar "Ystyq Shelpek" was held online on the platform Microsoft Teams.

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On October 27, 2020 the 11th meeting (online) of the Ystyq Shelpek scientific seminar was held. Speaker was 2-year doctoral student of the Department of Economics and Entrepreneurship Myrzakhmet Marat. The topic of the report was "How do miners earn and what is the future of mining in Kazakhstan?", based on the article by D. Ashley et al., "From Mining to Markets: The Evolution of Bitcoin Transaction Fees," recently published in the “Journal of Financial Economics”.

On November 9, 2020, at the 12th scientific seminar “Ystyq Shelpek” discussion was held of the report of 2nd year doctoral student of  EP “Analytical Economics” - Meirgul  Ualieva under the article: “Dividends from participation in taxation: How Congolese citizens interact more with the it tries to tax them. "

On November 24, 2020,  13th meeting of the scientific seminar of the Ystyq Shelpek Club took place. Speaker was  2-year doctoral student of the Department of Economics and Entrepreneurship Myrzakhmet M.K. The topic of the report was "Structural Change in Historical Perspective", based on the article by B. Herrendorf et al. "Structural Changes in Investment and Consumption - A Pooled Analysis", recently published in the Review of Economic Studies.

The following issues were considered: In the literature on structural change, it is generally assumed that production is invested. The authors of the reviewed article found that this common perception is not true: in the post-war United States, the share of value added services in investment spending has been steadily increasing. The authors proposed a model that demonstrates structural changes in investment and consumption, characterizes its equilibrium properties and provides empirical support for it. Modeling structural change in investment leads to three scientific findings:

• the continuous growth of TFP in all sectors is incompatible with the existence of aggregate balanced growth with structural change;

• the sector with the slowest TFP growth asymptotically absorbs all resources;

• technical changes are internally driven by investments.

Total factor productivity (TFP) is an economic concept that denotes a set of factors affecting output, with the exception of labor and capital costs. Overall factor productivity can be viewed as a measure of long-term technological change or technological dynamics.

The seminars were attended by doctoral students and teaching staff of the  Economics and entrepreneurship Department, representatives of foreign universities and scientific organizations: Kamen Velichkov (Bulgaria), employee and diplomatic advisor of the International Science and Technology Center (ISTC), Jaroslav Kultan, PhD, Professor of the Bratislava University of Economics (Slovakia ).