Industrial policy impact on competitiveness of companies and sustainable development in post-communist Kazakhstan

Raushanov Y. Akhmetov T.B.
2023 FrancoAngeli

Rivista di Studi sulla Sostenibilita
2023 #2023 Issue 1 167 - 186 pp.

Industrial policy that can include industrial programs, liberalization of trade, antitrust policy or price of capital regulation, in the context of post-communist Kazakhstan with its historical particularities of institutions has distinctive features. In order to develop different sectors of economy Kazakhstan government implemented two sequential industrial programs for 2010-2019 period. It was expected positive effect of the industrial programs and another initiatives of industrial policy on survivorship of companies inside the country. However, concentration rates of companies and retailers within 20 industries that are highly dependent on industries within programs, were increasing during the period of programs realization and liberalization of trade. In order to estimate which of instruments of the industrial policy are effective we employ logistic regression model where competitiveness of companies is dependent on observed factors. The secondary dataset consists of 2271 observations at firm level obtained from Euromonitor International and official sources of Kazakhstan government. We find significant impact of Herfindahl-Hirschman index of companies and an interest rate of the National Bank of Kazakhstan on survivorship of firms rather than other instruments of industrial policy in this case. The more attention the government pays to these instruments the more companies survive. Copyright

competitiveness , concentration rate , industrial policy , liberalization , price of capital , survivorship , sustainability

Text of the article Перейти на текст статьи

Narxoz University, Zhandosov Street 55, Almaty, 050035, Kazakhstan
ARXOZ University, Dzhandosov st. 55, Almaty, 050035, Kazakhstan

Narxoz University
ARXOZ University

10 лет помогаем публиковать статьи Международный издатель

Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026