Stimulation of entrepreneurs' innovative activity: evidence from Kazakhstan

Abstract

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.

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

“…In order to reverse the negative trend of innovation capability, business leaders should consult innovation studies to better understand technological advances. Regarding open innovation, entrepreneurs should access information on technological capabilities in different countries, in order to understand the geographical context in which companies can develop and establish their innovation activities [52,79,80]. Established business ownership negatively influences business dynamism and innovation capability, thus being essential to create ecosystems that encourage innovation, where universities play a crucial role.…”

Cultural intelligence, entrepreneurial intentions and the moderating role of the institutional environment

“…Kazakhstan is a leader in the Central Asian region in terms of both economic and small and medium business development. Recently, the country's focus has been on the role played by internationalization (Spence, 2009), information and communication technologies (Petrenko and Shevyakova, 2019), and innovation (Seitzhanov et al, 2020) to diversify the economy. However, administrative barriers, lack of capital funding and high taxes have impeded the development of entrepreneurship in the country (Ahsan and Cheng, 2006).…”

Applied aspects of time series models for predicting residential property prices in Bulgaria

“…Residential real estate prices are a major factor, influencing the development of the world economy (Mussapirov et al, 2019;Seitzhanov et al, 2020;Pukala, 2021;Labunska et al, 2017;Koval et al, 2019;Nikolova-Alexieva et al, 2022). More data become available as examples of the residential real estate market rise or decline.…”