relationship between determinants of higher education and economic development: The case of Kazakhstan
Karabayev S. Nurgaliyeva K. Kredina A. Bekturganova M. Aimagambetov Y.
2023LLC CPC Business Perspectives
Problems and Perspectives in Management
2023#21Issue 1336 - 351 pp.
This study aims to examine the relationship between higher education and economic development determinants in Kazakhstans regions. The paper used two sets of indicators of three-Time series: 2010, 2015, and 2020. The analysis constructed a correlation using a panel dataset for 15 regions of Kazakhstan compiled by the Statistics Bureau of Kazakhstan and the National Bank. The first set reflects the determinants of higher education (number of students in colleges and universities, number of teaching staff, and the existing ICT infrastructure in universities). The second set includes indicators of regional economic development (GRP per capita and the populations income level). The results showed a causal relationship between economic development and the determinants of higher education in the regions of Kazakhstan, which depend on the period. Surprisingly, the number of university students has almost no effect on GRP per capita and the populations income level. For 2015-2020, the study observed the emergence and strengthening of correlations between economic growth and the development of innovations in universities. The findings also identified Mangystau, Atyrau, North Kazakhstan, and Pavlodar as regions with low innovation development in education. Therefore, the countrys higher education development policy should encourage and strengthen knowledge management systems in these regions. The study concludes that higher education and economic indicators significantly influence the growth of the economy in Kazakhstan.
Correlation , Economic growth , Higher education system , Infrastructure , University
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Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan
University of International Business, Kazakhstan
Finance and Accounting Department, Faculty of Basic and Higher Education, University of International Businessnamed K. Sagadiyev, Kazakhstan
Head of the Department of Globalization and International Cooperation, Faculty of Economics, Institute of Economics CS MSHE RK, Kazakhstan
Karaganda Economical University of Kazpotrebsoyuz, Kazakhstan
Karaganda Economic University of Kazpotrebsoyuz
University of International Business
Finance and Accounting Department
Head of the Department of Globalization and International Cooperation
Karaganda Economical University of Kazpotrebsoyuz
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