Assessment of competitiveness of regions of the Republic of Kazakhstan

Tsaurkubule, Zhanna; Kenzhin, Zhaxat; Bekniyazova, Dana Saylauovna; Bayandina, Gulmira; Dyussembekova, Gulsara

doi:10.9770/ird.2020.2.1(6)

Cited by 15 publications

(11 citation statements)

References 8 publications

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“…Economic freedom significantly affects national competitiveness (Bujancă & Ulman, 2015). Human resources in Kazakhstan present a significant connection to the level of competitiveness (Caurkubule et al, 2020).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Testing for Convergence in Competitiveness and Growth in Selected Economies from 1994 to 2020

Škare¹,

Porada-Rochoń²,

Stjepanović³

2021

JOC

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Competitiveness on a small and large scale is necessary for growth. A definitive link between the level of competitiveness and growth has been difficult to prove. One of the primary objectives of economic planning is to promote price and exchange rate stability. Entrepreneurialism and productivity also increase the country’s export competitiveness. The aim of this study is to test for the convergence in competitiveness and convergence club existence in selected economies. No previous research had tested for convergence in competitiveness using a nonlinear timevarying factor model. This paper provides an overview on convergence in competitiveness and convergence clubs’ existence for 42 countries using quarterly data from 1994q1 to 2020q4 testing on competitiveness. Convergence log (t) test results show differences in competitiveness between classified convergence clubs. Russia, Brazil, and Turkey are the clubs (groups of countries) that show a transitional path (convergence in competitiveness) that differs entirely from the rest of the sample. Countries with more natural resources and exogenous monetary policies follow a unique development path to competitiveness. We find no evidence of divergence in countries within the clubs. However, we find a club (group of countries) following a clear divergence path from the other countries (Russia, Brazil, and Turkey). Our findings could potentially explain the increase in divergence in competitiveness across countries after the financial crisis of 2008.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Testing for Convergence in Competitiveness and Growth in Selected Economies from 1994 to 2020

Škare¹,

Porada-Rochoń²,

Stjepanović³

2021

JOC

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“…In Kazakhstan, a shortage of empirical study is observed, which is the means of assessing the contribution of various measures to the development of corporate innovations, their relationship with competitiveness and productivity, and researching the models of innovative behavior of firms. In this context, notable publications such as (Onyusheva, 2017), (Smirnova, 2016), (Tumalavičius et al, 2017), (Ivanov et al, 2012), (Caurkubule et al, 2020), (Chehabeddine, Tvaronavičienė, 2020), (Vigliarolo, 2020) are to be singled out. There are even fewer works that would systematically examine the impact of public policy on the behavior of business entities at the micro level (Jumakulov et al, 2019), (Musaripov et al, 2019), (Kurmanov et al, 2019), (Popova et al, 2019), (Pukala & Petrova, 2019), (Lazarova et al, 2015), (Yankovyi et al, 2019), (Zbierowski, 2017), (Zahars & Stivrenieks, 2018), (Pachura, 2015), (Lincényi, Čársky, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Stimulation of entrepreneurs' innovative activity: evidence from Kazakhstan

Seitzhanov¹,

Kurmanov²,

Petrova³

et al. 2020

JESI

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In recent years, Kazakhstan's innovation policy has enjoyed a noticeable rally: ways to support innovation are being actively discussed, a suitable "toolbox" is developing, the susceptibility of decision-makers to the mechanisms for encouraging innovation is increasing. Nevertheless, effective levers of influence on business, in which innovation activity could manifest locally, have not been found yet. Although this does not change the overall economic situation. Following on from the results of a survey of various level business managers and factor analysis performed prior, the authors study the influence of incentive mechanisms on entity activities and their "inquiry" on the public policy content. The authors come to the conclusion that most of the tools to stimulate innovation entrepreneurship in Kazakhstan are currently aimed at successful market players, creating conditions for technological modernization of existing industries, and at improving the level of entrepreneurs' business and technological competencies. According to a study conducted in Kazakhstan, it is necessary to increase the participation of universities, research institutes, local executive and legislative authorities in the development of management mechanisms and the promotion of innovation entrepreneurship.

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“…It has been widely acknowledged in theory as well as in practice that exportation leads to several economic benefits for a country. Such as income growth, foreign exchange earnings used to finance imported goods and advancement in technology (Verter & Bečvářová, 2016;Eddelani et al, 2019;Caurkubule et al, 2020). Likewise, export commodity by a country represents one of the important sources of foreign income that ease pressure on balance of payments (BOP) and generate employment.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

The contribution of macroeconomic factors in determining the economic growth, export and the agricultural output in agri-based ASEAN economies

Chetthamrongchai¹,

Somjai²,

Chankoson³

2020

JESI

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The prime objective of the study can be looked at from the theoretical and practical perspectives thereby predicated on the researcher's strong will to contribute to the body of knowledge by analyzing the economic impact of government spending on agriculture, unemployment rate, and crude oil price in the context of agriculture sector of non-oil for economic growth. Moreover, with the aims to bridge the literature gap in the knowledge of macroeconomic factors on the agriculture in Thailand; since the non-oil export has the potential of growth in terms of sales, profitability, rate of earnings and productivity if the factors militating against the non-oil exports are addressed. The ARDL method is employed to answer the research questions. The findings of the study ha highlight the fact that the this is not only to increase the agricultural sector's contribution to GDP but can also help to cushion the effect of price shocks in the international oil (crude oil) market and promote non-oil export. In addition, to improve the outlook of other non-oil sectors such as the manufacturing sector where agricultural outputs are being required. Thus, important macroeconomic factors like the interest rate, agricultural land, unemployment rate, agricultural export, crude oil price, inflation rate, government spending, openness and exchange rate will be considered in the study.

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Assessment of competitiveness of regions of the Republic of Kazakhstan

Cited by 15 publications

References 8 publications

Testing for Convergence in Competitiveness and Growth in Selected Economies from 1994 to 2020

Testing for Convergence in Competitiveness and Growth in Selected Economies from 1994 to 2020

Stimulation of entrepreneurs' innovative activity: evidence from Kazakhstan

The contribution of macroeconomic factors in determining the economic growth, export and the agricultural output in agri-based ASEAN economies

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