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Dr Karlygash Kuralbayeva


Lecturer of Economics

Postal Address:

Department of Political Economy
King’s College London
Strand Campus
Bush House (North East Wing)
30 Aldwych, London WC2B 4BG




Room number: 8.12 Bush House (North East Wing)

Office Hours:
Tuesdays: 11.30am - 12.30pm
Thursday 4-5pm

Select a time to make an appointment


Karlygash is a Lecturer in Economics at the Department of Political Economy at King’s College London. Previously she was a teaching fellow at LSE, a research officer at Grantham Research Institute at LSE and a research fellow at the University of Oxford. Her research interests include macroeconomics, development, climate change economics and environmental economics. Karlygash holds a PhD in Economics from the University of Oxford.


Karlygash’s research interests lie at the intersection of macroeconomics, environmental, natural resource and development economics. She investigates a combination of theoretical and empirical questions, most of which currently belong to two core areas.

First, her research utilizes small-scale calibrated general equilibrium models to study issues related to climate change. For example, Karlygash’s recent working paper investigates when we should stop investment into coal-based power plants. Second line of Karlygash’s research considers the practical dimensions of optimally designing and implementing policies to address climate change. This work seeks to provide an ex-post empirical assessment of environmental and regulatory policies. Her most recent projects, for instance, have analysed the effectiveness of the Brazilian government’s four major initiatives to reduce its deforestation rates: (1) conservation policies; (2) “soy moratorium”; (3) “black-listing” municipalities with high deforestation activity, and (4) the Bolsa Verde cash transfer program.


  • Macroeconomics
  • Econometrics


Environmental taxation, employment and public spending in developing countries, Environmental and Resource Economics, (forthcoming)

Characterising green employment: The impacts of ‘greening’ on workforce composition, (with A. Bowen and E. Tipoe), Energy Economics, (2018), 72, 263- 275

Unemployment, rural-urban migration and environmental regulation, Review of Development Economics, (2018), 22(2), 507 – 539

Windfalls, Structural Transformation and Specialization, (with Radek Stefanski), Journal of International Economics, (2013), 90(2), 273 – 301

Optimal fiscal policy and different degrees of access to international capital markets, Journal of Development Economics, (2013), 103, 336 – 352.

Inflation persistence and exchange rate regime: Implications for dynamic adjustment to shocks in a small open economy, Journal of Macroeconomics, (2011), 33(2), 193 – 205.

Shocks to Terms of Trade and Risk-premium in an Intertemporal Model: The Dutch Disease and a Dutch Party, (with David Vines), Open Economies Review, (2008), 19(3), 277 – 303.

Energy and the environment in Kazakhstan, Energy Policy,  (with Carol Dahl), (2001), 29(6), 429 – 440. .

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