Influence of ICT on the Competitiveness of the Trade Sector in Kazakhstan

2021 ◽  
Vol 4 (62) ◽  
pp. 23-36
Author(s):  
Akan Nurbatsin ◽  
Vasa Laszlo
Keyword(s):  
Economic Growth ◽  
Cluster Analysis ◽  
Economic Development ◽  
Innovation Activity ◽  
Financial Policy ◽  
Theoretical Frameworks ◽  
Level Of Economic Development ◽  
Regional Product ◽  
Key Indicators ◽  
Economic Growth Factors

The theoretical frameworks of economic growth are considered, and key indicators for assessing the economic development of regions are identified. A cluster analysis of Kazakhstan's regions was conducted, according to a set of economic growth factors. Based on the results of the analysis, a classification of the country's regions is proposed. The level of economic development of regions, according to the theory of sustainable economic growth, was estimated using a number of indicators, which include innovation activity, human capital, private capital, public capital, regional accessibility, regional concentration, and gross regional product (GRP) per capita. Thus, with the help of cluster analysis of factors of socio-economic development of Kazakhstan's regions, we were able to structure indicators of their economic growth by the degree of similarity, and identify 8 regional clusters. The results obtained can be used in the formation of economic, social, and financial policy of the state, taking into account regional features of the Republic's development.

Кластеризация регионов по факторам экономического роста: на примере Казахстана

2021 ◽  
Author(s):  
A.S. Nurbatsin ◽  
A.A. Kireyeva ◽  
А.С. Нурбацин ◽  
А.А. Киреева
Keyword(s):  
Economic Growth ◽  
Cluster Analysis ◽  
Economic Development ◽  
Innovation Activity ◽  
Financial Policy ◽  
Theoretical Frameworks ◽  
Level Of Economic Development ◽  
Regional Product ◽  
Key Indicators ◽  
Economic Growth Factors

The theoretical frameworks of economic growth are considered, and key indicators for assessing the economic development of regions are identified. A cluster analysis of Kazakhstan's regions was conducted, according to a set of economic growth factors. Based on the results of the analysis, a classification of the country's regions is proposed. The level of economic development of regions, according to the theory of sustainable economic growth, was estimated using a number of indicators, which include innovation activity, human capital, private capital, public capital, regional accessibility, regional concentration, and gross regional product (GRP) per capita. Thus, with the help of cluster analysis of factors of socio-economic development of Kazakhstan's regions, we were able to structure indicators of their economic growth by the degree of similarity, and identify 8 regional clusters. The results obtained can be used in the formation of economic, social, and financial policy of the state, taking into account regional features of the Republic's development. В данной статье рассмотрены теоретические основы экономического роста, определены ключевые показатели оценки экономического развития регионов. Проведен кластерный анализ регионов Казахстана по совокупности факторов экономического роста. По результатам проведенного анализа предложена классификация регионов страны. Уровень экономического развития регионов, согласно теории устойчивого экономического роста, была оценена с использованием ряда показателей, к которым относятся инновационная активность, человеческий капитал, частный капитал, государственный капитал, региональная доступность, региональная концентрация и валовой региональный продукт (ВРП) на душу населения. Таким образом, с помощью кластерного анализа факторов социально-экономического развития регионов Казахстана нам удалось структурировать показатели их экономического роста по степени сходства и выделить 8 региональных кластеров. Полученные результаты могут быть использованы при формировании экономической, социальной и финансовой политики государства с учетом региональных особенностей развития Республики.

scholarly journals Monetization Factor of the Region as an Indicator of Financial Depth of Economy

Vestnik NSUEM ◽  
2019 ◽  
pp. 171-183
Author(s):  
Yu. V. Kuvaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Money Supply ◽  
Gross Regional Product ◽  
Macroeconomic Theory ◽  
Financial Depth ◽  
Level Of Economic Development ◽  
Regional Product ◽  
National Economies

The role of financial system in the development of national economies has been widely discussed in Russian and foreign literature in recent years.The article covers the analysis of the influence of financial depth of economy on the level of its development.The theoretical provisions of macroeconomic theory describing relation between the level of development of financial sector and economic growth formed the methodological base of the study.The aim of the study is examination of the possible influence of one indicator of financial depth of economy of closed territorial formations inside the state of federative framework on the level of economic development of the relevant region.The analysis revealed the main trends in the «money supply/gross regional product» – «level of economic development of the region» frame; the suggestions about reasons of their emergence were expressed.

Growth and Social Capital: Empirical Analysis of the Relationship

2019 ◽  
pp. 128-134
Author(s):  
Ksenia V. Bagmet
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Economic Development ◽  
Social Development ◽  
Empirical Analysis ◽  
Panel Data Analysis ◽  
Well Being ◽  
Developed Countries ◽  
International Institute ◽  
Level Of Economic Development

The article provides an empirical test of the hypothesis of the influence of the level of economic development of the country on the level of development of its social capital based on panel data analysis. In this study, the Indices of Social Development elaborated by the International Institute of Social Studies under World Bank support are used as an indicators of social capital development as they best meet the requirements for complexity (include six integrated indicators of Civic Activism, Clubs and Associations, Intergroup Cohesion, Interpersonal Safety and Trust, Gender Equality, Inclusion of Minorities), comprehensiveness of measurement, sustainability. In order to provide an empirical analysis, we built a panel that includes data for 20 countries divided into four groups according to the level of economic development. The first G7 countries (France, Germany, Italy, United Kingdom); the second group is the economically developed countries, EU members and Turkey, the third group is the new EU member states (Estonia, Latvia, Lithuania, Romania); to the fourth group – post-Soviet republics (Armenia, Georgia, Russian Federation, Ukraine). The analysis shows that the parameters of economic development of countries cannot be completely excluded from the determinants of social capital. Indicators show that the slowdown in economic growth leads to greater cohesion among people in communities, social control over the efficiency of distribution and use of funds, and enforcement of property rights. The level of tolerance to racial diversity and the likelihood of negative externalities will depend on the change in the rate of economic growth. Also, increasing the well-being of people will have a positive impact on the level of citizens’ personal safety, reducing the level of crime, increasing trust. Key words: social capital, economic growth, determinant, indice of social development.

THE IMPORTANCE OF INNOVATIVE ACTIVITIES AT THE MODERN STAGE OF ECONOMIC DEVELOPMENT ANNOTATION

2021 ◽  
Vol 4 (2) ◽  
pp. 79-86
Author(s):  
Obidkul Sattorkulov ◽  
◽  
Dilorom Mamadiyorova ◽  
Madina Obidzhonova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Innovation Process ◽  
Economic Structure ◽  
Innovation Activity ◽  
Social Image ◽  
Innovation Infrastructure ◽  
New Development ◽  
Development Prospects

This article presents the main ways in which innovation can have a positive impact on economic growth, welfare of the population, economic structure, social image of society and various sectors of the economy, innovation opportunities, their application and development prospects. Key words:innovation, novation, science, new development, innovation, innovation infrastructure, innovation activity, innovation process.

Efficiency Driven Effect of Education in China: The Perspective of Global Competitiveness and Graduate Education

2021 ◽  
Vol 1 (1) ◽  
pp. 36-43
Author(s):  
Jia Liu ◽  
Lun Li
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Economic Development ◽  
Practical Significance ◽  
Education Policies ◽  
Global Competitiveness ◽  
Higher Education Policies ◽  
Level Of Economic Development ◽  
Education In China

Capital, natural resources, technology and education are often considered to be the most important factors in improving the level of economic development. China is in the "efficiency-driven" stage of economic development. There are objective laws in the development of education level and economic growth, but they interact with each other. Economic growth provides the foundation and necessary conditions for the development of education. At the same time, the role of education in promoting economic growth is also very obvious. Based on the perspective of postgraduate training, this paper studies the role of education in economic efficiency-driven, through the study of theory, data collection and empirical analysis, combined with the development characteristics of China's higher education, and compares China's and US higher education policies to guide China's higher education. The development of education, and then promote the transformation of China into the "innovation-driven" stage, has certain theoretical and practical significance.

Unpleasant Truths about Institutional and Financial Development

2019 ◽  
pp. 44-74
Author(s):  
Justin Yifu Lin ◽  
Célestin Monga
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Institutions ◽  
Institutional Development ◽  
Failed State ◽  
Poor Countries ◽  
Level Of Economic Development ◽  
State Interventions ◽  
Economic Development Strategies ◽  
Theoretical Issues

This chapter refutes the linear and almost teleological approach in vogue in development economics on political and financial institutions. It briefly discusses the theoretical issues at hand and suggests that policies take into account the requirements of both time and place, which emphasizes the importance of the development level. The chapter acknowledges that institutional development problems are indeed major impediments to economic growth. But contrary to conventional wisdom, it argues that they are often correlated with the level of economic development. Seen from that perspective, the well-known weaknesses in the governance and financial sectors of many poor countries today often reflect their low level of development and the results of failed state interventions and distortions originating from erroneous economic development strategies.

Analyzing the Bidirectional Relationship between Tourism Growth and Economic Development

2020 ◽  
pp. 004728752092231 ◽  
Author(s):  
Juan Ignacio Pulido-Fernández ◽  
Pablo Juan Cárdenas-García
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Structural Equations ◽  
Tourist Destinations ◽  
Development Face ◽  
Confirmatory Factor ◽  
Bidirectional Relationship ◽  
Level Of Economic Development ◽  
Structural Equations Model ◽  
The Relationship

After having demonstrated the relationship between tourism and economic growth, tourism-led economic growth (TLGH), and economic-driven tourism growth (EDTG), the scientific literature was concerned with studying the relationship between tourism and economic development, limiting itself to analyzing a possible unidirectional relationship between tourism, economic growth, and economic development. In this context, the aim of this article is to determine if the relationship between tourism and economic development is bidirectional given that, although tourism can be a tool for economic development, it is also true that a higher level of economic development influences tourism growth. Using a sample of 143 countries, and applying confirmatory factor analysis together with a structural equations model, the bidirectional relationship is confirmed. Therefore, although tourism growth and economic development face different challenges, if public policies work in a coordinated manner, they may contribute significantly to improving economic development in countries that are configured as tourist destinations.

scholarly journals Do Carbon Emissions and Economic Growth Decouple in China? An Empirical Analysis Based on Provincial Panel Data

Energies ◽  
2019 ◽  
Vol 12 (12) ◽  
pp. 2411 ◽  
Author(s):  
Yu Hao ◽  
Zirui Huang ◽  
Haitao Wu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Carbon Emissions ◽  
Environmental Kuznets Curve ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
Capita Gross Domestic Product ◽  
Level Of Economic Development ◽  
The Relationship

Global warming has emerged as a serious threat to humans and sustainable development. China is under increasing pressure to curb its carbon emissions as the world’s largest emitter of carbon dioxide. By combining the Tapio decoupling model and the environmental Kuznets curve (EKC) framework, this paper explores the relationship between China’s carbon emissions and economic growth. Based on panel data of 29 provinces from 2007 to 2016, this paper quantitatively estimates the nexus of carbon emissions and economic development for the whole nation and the decoupling status of individual provinces. There is empirical evidence for the conventional EKC hypothesis, showing that the relationship between carbon emissions and per capita gross domestic product (GDP) is an inverted U shape and that the inflection point will not be attained soon. Moreover, following the estimation results of the Tapio decoupling model, there were significant differences between individual provinces in decoupling status. As a result, differentiated and targeted environmental regulations and policies regarding energy consumption and carbon emissions should be reasonably formulated for different provinces and regions based on the corresponding level of economic development and decoupling status.

scholarly journals The Local Government Strategy in Sub-District Development as the Center of Economic Development with One Sub-District One Product Based at Mukomuko Region in Bengkulu Province

2018 ◽  
Vol 8 (3) ◽  
pp. 374
Author(s):  
Muhammad Fadly ◽  
Tjahya Supriatna ◽  
Deti Mulyati ◽  
Fernandes Simangunsong
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Quantitative Analysis ◽  
Salt Water ◽  
Growth Centre ◽  
Analysis Measurement ◽  
Water Fish ◽  
Regional Gap ◽  
Beach Tourism ◽  
Regional Product

The focus of the study was to analize the strategy of developing district as the centre of economic growth with One District One Product principle by formulating the accurate strategy in planning the development of district with One District One Product principle in Mukomuko District of Bengkulu.  The existing unbalanced development and regional gap made the study important.  The method used in the study was descriptive qualitative and explorative within 15 districts of Mukomuko, Bengkulu. Data collecting was done by interview, observation, documentation, triangulation (Forum Groups Discussion), and using quantitative analysis measurement (scalogram, LQ, MRP, Overlay, and interaction).The result of the study showed 5 (five) districts as economic growth and regional development in Mukomuko District of Bengkulu, namely: (1) District of Mukomuko City, (2) District of Lubuk Pinang, (3) District of Penarik, (4) District of Pondok Suguh, and (5) District of Ipuh. Featured products of each sub-district determined by the potential of natural resources and Gross Domestic Regional Product as featured commodities of One District One Product were: rice commodity, cattle, chicken, rubber, salt-water fish, Kelong shrimp, Soka crab, galian c (quarry), Mingkih fish, tofu/tempe, and Pandan Wangi Beach tourism. Competitive Strategy and ASOCA Analysis were used to formulate the strategy to develop district as economic growth centre.

scholarly journals FISCAL DECENTRALIZATION AND ECONOMIC GROWTH IN SELECTED EUROPEAN COUNTRIES

2017 ◽  
Vol 18 (4) ◽  
pp. 745-757 ◽  
Author(s):  
Neringa SLAVINSKAITĖ
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Decentralization ◽  
Developed Countries ◽  
Panel Model ◽  
Development Level ◽  
Multiple Regression Method ◽  
Level Of Economic Development ◽  
High Level ◽  
The Empirical Analysis

The paper analyses the fiscal decentralization effects on economic growth in unitary countries of European Union for the period 2005–2014. The empirical analysis was based on the multiple regression method. The fixed effect panel model was used as framework for the analysis. In order to examine the different impact of fiscal decentralization, the same analysis was applied to subsets of countries categorized into two groups according to countries’ level of economic development. This further analysis found that there is positive relationship between fiscal decentralization and economic growth in low level of economically developing countries and no relationship in high level of economically developed countries. These results suggested that fiscal decentralization is not always instrument for promotion of economic growth, which means that country’s economic development level is an important factor when introducing reform of fiscal decentralization. The originality of this article – new fiscal decentralization index and evaluated fiscal decentralization level influence for countries economic growth.

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