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

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.

Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth

The purpose of this article is to screen out the most important factors affecting China’s economic growth. Based on a literature review and relevant financial theoretical knowledge, China’s economic growth factors are selected from international and domestic aspects. Four methods, including least squares estimation, stepwise regression, ridge regression estimation, and Lasso regression, are used to screen and optimize 12 variables and analyze the degrees of influence empirically. The study finds that consumption levels and the development of the tertiary industry play significant roles in promoting China’s economic growth. Additionally, financial development and industrialization promote China’s economic growth, although in a gradual manner.

Clustering of provincial administrative regions of China by economic indicator

Subject. This article considers the key economic parameters of the Chinese economy. Objectives. The article aims to group the regions of China by economic development level. Methods. For the study, we used the k-means method. Results. Based on the clustering of China's regions by economic parameter, the article determines the ranges that help subsume a region under a particular category, and describes four categories of provinces according to the growth rates of economic indicators and economic growth factors. Conclusions. It is necessary to classify the regions of China to determine the areas of transformation of the regional economic structure to ensure the transition to an intensive development model. It is also necessary to develop recommendations for the even and balanced development of regions.

Public-private partnership as a mechanism for effective management of state property

This article examines the global experience of using public-private partnerships and its impact (positive and negative) on economic growth. Factors influencing sustainable technological progress and state policy on opportunities and economic benefits of Ukraine due to the expansion of public-private partnership in the context of globalization are identified. A methodical set of tools is used, which allows public administration representatives not only to realistically assess the resource potential of state property, but also to be able to effectively manage it in conditions of rapid technology development, limited funding and impossibility and / or inexpediency of state property. The study proves that public-private partnership in Ukraine has not gained much popularity, although changes in all areas of activity encourage a new perception and attitude to public-private partnership through: attractiveness of investments in public sector development for foreign companies and sole proprietors; competitiveness, transparency and the ability to have the best partners among private partners; risk parity that can be placed on the partner, which can reduce it more effectively; profitability, preferences and reduction of the tax burden on business; high quality and prompt project development, thanks to the experience of a private partner in a particular field; the ability of the public partner to control the development and implementation of the project; support for new business ideas, innovative approach and maximizing the experience of private partners.

A Summary of the Analysis of the Problems Existing in the Development of Asset Appraisal Industry in Western China

Affected by the development level of the market economy and regional economic growth factors, the asset appraisal industry in the three major regions of China's east, middle and west has created regional gaps in the development process. Among them, the asset appraisal development problem in the western region is particularly prominent. Therefore, the development of asset appraisal in the western region has always been a hot topic in this field. This paper compares the economic development level of various regions and the development status of the asset appraisal industry, analyzes the problems encountered in the development of the asset appraisal industry in the western region, considers solutions to related problems, and further thinks about the future development direction of the asset appraisal industry and outlook.

Кластеризация регионов по факторам экономического роста: на примере Казахстана

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.

Soviet Economic Growth through the Interstate Prism: the Role of Research Funding

The article estimates economic growth factors in the late USSR: research and development (R&D) expenditures along with physical and human capital accumulation as well as institutional and technological dynamics. The USSR results are compared with those of a sample of reference countries with the use of collected statistical data and estimates in the literature and data sets. Developing theoretical ideas by Romer (1990) the authors test a model of the production function which includes R&D expenditures as a source of endogenous growth. To indirectly characterize institutional and general technological dynamics they choose the relevant proxy indicators. The use of these variables within the modified production function is the principal methodological contribution of this research related to the analysis of historical variations of industrial economy development. The model mostly fits Japanese data and somewhat less data on other industrialized countries. The main USSR variables are statistically significant for the period of 1955-1990, but not for the period of 1965-1990. The research findings support the hypothesis that in the mid 1950s – early 1960s Soviet economy had certain prerequisites for transition to endogenous growth model based on R&D and technologies which turned out mostly unrealized. The authors have not found enough evidence to confirm the hypothesis of a decisive role of institutional factors influencing the slowdown growth in the USSR. 

Exploring the Economic Growth of Minority Autonomous Regions Based on the Solow Model———Take Enshi Tujia and Miao Autonomous Prefecture in Hubei as an example

The economic stability and sustainable development of ethnic minority autonomous regions is an important guarantee for promoting China’s economic growth and national harmony. Based on the Solow model, the economic growth factors of Enshi Tujia and Miao Autonomous Prefecture in Hubei Province (hereinafter referred to as “Enshi Prefecture of Hubei Province”) were measured and analyzed and then extended to the economic development of the entire ethnic regions in China. Through domestic and foreign comparisons, under the premise of correct understanding and analysis of the basic laws and characteristics of economic growth in ethnic areas, this paper gives appropriate economic development suggestions to promote the rapid and stable economic development of ethnic areas in China.