IPPA Public Lecture: Bubbles on the Steppe: Real Estate Bubble in Kazakhstan

Date: 22 May 2018
Other languages: Русский язык |
May 22nd 2018, 4:00 pm
Bishkek, Kyrgyz Republic
Dr Charles Maxwell Becker
Research Professor of Economics
Duke University, USA

This lecture will describe the patterns of real estate price movements in an emerging upper-middle income economy, Kazakhstan. The country experienced an explosive, 11-fold increase in real housing prices in urban areas between 2000 and 2007, followed by a sharp decline and stabilisation. The lecture will trace the movements across different regions, types of housing, unit size categories, and neighborhood types. It is found that prices moved together fairly closely, implying a linked if not unified housing market, along with wealth effects that were felt broadly throughout the (urban) economy.

Professor Becker joined the Duke faculty in 2003, where he directed the American Economic Association's Summer Program and Minority Scholarship Program (2003-2007). He previously taught at the University of Colorado-Denver, Vanderbilt, and University of Colorado-Boulder. In 2007, Dr Becker was recognized as a lifetime member of the American Economic Association for service to the profession. He received Duke’s equity, inclusion and diversity award in 2008 and graduate faculty mentoring award in 2014. Dr Becker served as Team Leader for the Asian Development Bank’s pension reform technical assistance program to the Kyrgyz Republic in 1998-99, was a pension reform advisor in various capacities to the Government of Kazakhstan 2000-06, and was Chair of the International Academic Board of the Kyiv School of Economics 2012-15 (member, 2005-17). 

University of Central Asia
138 Toktogul Street
Bishkek, Kyrgyz Republic
2nd Floor Conference Room.

The presentation will be conducted in English. Russian translation will be provided upon prior request.

We would highly appreciate if you kindly confirm your participation by email zalina.enikeeva@ucentralasia.org. Please indicate if you require Russian translation

* Ideas presented in this lecture reflect the personal opinion of the speaker and do not necessarily represent the views of the University of Central Asia and/or its employees.
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