Development of Human Capital in the Labor Market in the Modernization of the Economy of Kazakhstan


Sabirova R. Andabayeva G. Mussayeva A. Bissembiyeva Z. Tazhidenova A. Karimbayeva G.
2024University of Wollongong

Australasian Accounting, Business and Finance Journal
2024#18Issue 4201 - 219 pp.

Kazakhstan today is a country with a low level of economic development, although it has sufficient resources and manpower. The purpose of the study is to determine the specifics of human capital development in the labor market under the conditions of modernization of the economy of Kazakhstan. The analysis of economic indicators has shown that the financial stability of the country is at a low level. The study of the labor market has established that its labor supply is sufficient but low-promising. The perfect econometric modeling using the additive method of forecasting has shown that in the next two periods it should be expected an increase in the labor force. With the help of linear forecasting, it was established that in the next two periods of education and labor market reforms are not carried out, the economic situation of the country will continue to deteriorate.

Additive econometric forecasting model , Cost of education , Enrollment in higher education , Factor analysis , Labor force

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Аtyrau Branch of Republican Research Institute of Occupational Safety of the Ministry of Labor and Social Protection of Population of the Republic of Kazakhstan, 118е Makhambet Utemisov Str., Atyrau, 060002, Kazakhstan
Department of Economics, Kh. Dosmukhamedov Atyrau University, 1 Studenchesky Ave., Atyrau, 060011, Kazakhstan
Department of Economics, Al-Farabi Kazakh National University, 71 al-Farabi Ave., Almaty, 050040, Kazakhstan
Department of Art Management and Producing, Temirbek Zhurgenov Kazakh National Academy of Arts, 127 Panfilov Str., Almaty, 050000, Kazakhstan
Department of Economics and Entrepreneurship, L.N. Gumilyov Eurasian National University, 2 Satpayev Str., Astana, 010008, Kazakhstan
Department of Economics, Esil University, 7 Zhubanov Str., Astana, 010005, Kazakhstan

Аtyrau Branch of Republican Research Institute of Occupational Safety of the Ministry of Labor and Social Protection of Population of the Republic of Kazakhstan
Department of Economics
Department of Economics
Department of Art Management and Producing
Department of Economics and Entrepreneurship
Department of Economics

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