Modeling and Mediation in the Interaction Between Oil Prices and the Development of the Economy Sectors: Evidence of Kazakhstan

Abstract

The study of the interaction between oil prices and the development of sectors of the economy of the Republic of Kazakhstan is of high relevance in the context of the country's sustainable development, the diversity of the economy and reducing the risks associated with dependence on the oil and gas sector. This helps to make informed decisions and formulate strategies that promote sustainable and balanced economic growth. The study of modeling and mediation in the interaction between oil prices and the development of sectors of the economy of Kazakhstan is of practical importance and can serve as a basis for developing effective strategies for sustainable economic development of the country in the conditions of oil market volatility The aim of the study is to model and mediate the in-teraction between oil prices and the development of sectors of the econ-omy of Kazakhstan, aimed at developing mathematical or statistical mod-els that will help predict the impact of changes in oil prices on various sectors of the economy of Kazakhstan, as well as analyze how the devel-opment of individual sectors can affect on oil prices.