Relationship between Innovation and Economic Growth in the Example of the Republic of Kazakhstan
Altynbekov M.A. Yesbergen R.A. Aimurzinov M.S. Zhadigerova O.Zh. Ibrasheva A.Zh.
2023Institute of Economics Committee of Science MSHE RK
Economy: strategy and practice
2023#18Issue 294 - 106 pp.
This article examines the relationship between innovation, education and economic growth in the Republic of Kazakhstan. Many empirical studies have proved a positive relationship between innovation and economic growth, that innovation has become a major component of global economic growth. Despite the acceleration of economic growth in various countries, including Kazakhstan, the relationship between economic growth and innovation in the country remains unclear. This study examined the impact of three factors: R&D, academic staff and innovation spending on economic growth in the Republic of Kazakhstan. The identified groups of indicators of economic development consist of sub-indicators. A regression analysis was done based on statistical data from 2009 to 2021. SPSS software was used for data processing. Three pairs of hypotheses were developed. The results of the first and third groups of hypotheses are similar only in those indicators that represent the total number of participants in innovative development, whose influence on economic development becomes strong. Thus, we can conclude that there is a strong relationship between GDP and indicators of educational and innovation factors. There is a relationship between the indicators of the academic staff in R&D and all enterprises that are involved in the process of development and implementation of innovations in Kazakhstan. The proposed hypotheses were accepted. Government agencies can use the results of this study in the development of innovation policy in the country.
Digital Economy , Economic Growth , Economics , Education Expenditures , Innovation , Innovation Indicators , Strategy
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Esil University, 7 Zhubanov str., Astana, 010010, Kazakhstan
Branch of the Academy of Public Administration under the President of the Republic of Kazakhstan in Aktobe region, 10 Tileu batyr str, Aktobe, 030000, Kazakhstan
Kostanay Socio-Technical University named after Academician Z.Aldamzhar, 27 Kobylandy Batyr ave., Kostanay, Kazakhstan
Al-Farabi Kazakh National Research University, 71 Al-Farabi ave., Almaty, 050040, Kazakhstan
K. Zhubanov Aktobe Regional University, 34 A.Moldagulova ave., Aktobe, 030000, Kazakhstan
Esil University
Branch of the Academy of Public Administration under the President of the Republic of Kazakhstan in Aktobe region
Kostanay Socio-Technical University named after Academician Z.Aldamzhar
Al-Farabi Kazakh National Research University
K. Zhubanov Aktobe Regional University
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