Analysis of the Input of Education and Innovation on Economic Growth in Kazakhstan

KIREYEVA Anel A. (University of International Business Almaty)
KUANDYK Zhassulan (Al Farabi Kazakh National University)
KREDINA Anna A. (University of International Business, Almaty)
KANGALAKOVA Dana (Institute of Economics of the Ministry of Science and Higher Education of RK)
DOSZHAN Raigul (Al Farabi Kazakh National University)

KIREYEVA, A. A. , KUANDYK, Z. , KREDINA, A. A. , KANGALAKOVA, D. , & DOSZHAN, R. (2023). Analysis of the Input of Education and Innovation on Economic Growth in Kazakhstan. , 21(1), 23-31, https://doi.org/10.15722/jds.21.01.202301.23

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Abstract

Purpose: this study is aimed at assessing the contribution of education and innovation to the economic growth of Kazakhstan, the correlation between them is checked based on two levels on a national scale and a regional scale. Based on the literature review, it was revealed that in the vastness of the scientific community, there are many views concerning the influence of educational and innovative factors on economic growth. Research design, data and methodology: the research methodology is divided into two levels, at the first level, a correlation analysis is carried out between key factors and the economic growth of the country (GDP), at the second level, the same factors are analyzed, but the impact on the economic growth of the region (GRP) is estimated. Statistical data on educational and innovation potential is taken from the Bureau of National Statistics for the period 2003-2021. Results: in this study, it was revealed that the economic development of regions could be influenced by such indicators that cannot affect the entire state in aggregate and vice versa. In addition, the correlation analysis results showed that investments in innovations affect economic growth at the country and the regional level. Conclusions: based on the results of the assessment of educational and innovative potential, policy recommendations and further research in this area were proposed.

keywords: Education, Innovation, Economic Growth, Distribution, Correlation Analysis, Kazakhstan

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Article Contents

Vol.21 No.1

Analysis of the Input of Education and Innovation on Economic Growth in Kazakhstan

Abstract

Reference

The Journal of Distribution Science