Azimzhan Khitakhunov

Azimzhan Khitakhunov

Junior Research fellow

Azimzhan Khitakhunov is a research fellow at the Eurasian Research Institute. He has received his bachelor, master and Ph.D. degrees from Al-Farabi Kazakh National University (Ph.D. degree was completed in cooperation with the Johns Hopkins University, School of Advanced International Studies, Bologna, Italy). Currently, he is a senior lecturer at Al-Farabi Kazakh National University, Higher School of Economics and Business, Economics Department, where he teaches macroeconomics related disciplines. His research experience includes participation as a research fellow in the government financed f

Staff's Publications


January 10, 2021

An Analysis of Economic Cooperation between Russia and Tajikistan

Economic cooperation with Russia remains important for Central Asia despite claims about its diminishing role in the region. Trade and in-vestment partnership with Russia significantly contribute to the region’s economic performance. A country-by-country analysis shows that Russia’s bilateral economic relations with Kazakhstan are historically strong. It plays an important role […]
January 10, 2021

The Risks of Corruption: The Case of Central Asia

Corruption remains one of the main threats for global development as it persists in the majority of countries. It is a major challenge not only for developing states, but also for the advanced ones. Data shows that annual costs of corruption, bribery, theft and tax evasion, and other illicit financial […]
December 10, 2020

Analysis of Bilateral Trade between Russia and Uzbekistan

Trade is an important factor that links countries and industries. Moreover, it stimulates economic growth, reduces poverty and drives globalization. Trade ties play an important role for forming regional trade agreements. Many countries develop special trade stimulating programs. In Central Asia, countries pay special attention to the development of export-oriented […]
November 9, 2020

The Risks of the High Government Debt for Central Asia

Increasing levels of debt became a common concern for many advanced and developing countries. Debt-to-GDP ratios are historically high in the United States, Germany, France and other advanced economies. Rapid growth of government expenditure as the result of many social programs, lower tax revenues, increasing share of elders among population […]
November 9, 2020

How Russia is Important for Kyrgyzstan?

Kyrgyzstan is currently experiencing deep political and economic crises. The list of negative factors, in particular the pandemic-induced lockdowns, sharp decline in migrant remittances, and reduction in external demand for its basic exports significantly contributed to the economic decline. The country’s tourism sector, one of the main contributors to its […]
November 5, 2020

Belarus and its Strategic Allies

The presidential election in Belarus caused countrywide mass protests due to claims of fraud. The excessive state response and repressions towards protesters drew criticism in the Western countries, mainly those that refused to recognize Alexander Lukashenko as president. The United States and the European Union (EU) called for economic sanctions. […]
November 5, 2020

Challenges for Central Asian Economies

Central Asian economies highly depend on revenues from mineral resources and migrant remittances. This fact is a major disadvantage, which regional governments try to address. However, many programs of industrialization insignificantly contributed to economic diversification. As a result, following the oil shock that coincided with the Ukrainian crisis, the region […]
October 25, 2020

Outcomes and Achievements of Open Economic Policy of Uzbekistan

After decades of isolationism and resistance to openness, Uzbekistan revised its economic policy under new president Shavkat Mirziyoyev since 2017. The new government implemented comprehensive reforms, in particular unified the exchange rate and liberalized the foreign exchange market, began price and trade liberalization, and made significant cuts to tax rates […]
October 25, 2020

Global Trade in Agricultural Products

Agriculture remains one of the strategically important sectors of the world economy. It provides food security and many raw materials for other related industries and manufacturing. In middle and low-income countries employment in agriculture remains high, while in advanced economies it is insignificant. However, differences in productivity between these two […]
October 25, 2020

How do Countries of the Eurasian Economic Union Respond to External Shocks

Members of the Eurasian Economic Union (EAEU) has recently experienced economic slowdown and recession due to external shocks such as pandemic and drop in oil prices. Price wars on the global oil market mainly between Russia and Saudi Arabia and pandemic induced demand shock led to the first negative oil […]