The Impact of Energy Production on the Introduction of ICT and the Growth of AIC in Kazakhstan

Abstract

The presented work is devoted to the organization of the electric power industry and the agro-industrial complex of Kazakhstan. Here is given an economic analysis of the production capacity of the development of power plants. It is noted that more than 80% of electricity generation is carried out by coal-fired thermal power plants. Important attention is paid to the significant wear and tear of machinery and equipment at thermal power plants and state district power plants. The key focus of the work is on econometric modeling to identify patterns and quantify the impact of electricity production and digital farms on increasing agricultural production. The results of the regression model are substantiated using the applied statistical package EViews. A medium-term econometric forecast for the development of the agricultural sector is presented, considering the introduction of digital farms. Problems are revealed and measures to stimulate the construction of new energy facilities are considered. Also, proposals were made to enhance the use of investment projects of alternative energy sources in the country. At the same time, an important emphasis is considered at the level of enhanced development of ICT in the energy and agro-industrial complex. It has been established that the digitalization of the energy and agro-industrial complex sectors contributes to the economic growth of Kazakhstan.

The Relationship between Energy Consumption, Agricultural and Industrial Production, and Economic Growth: ARDL Border Value Approach in the Case of Kazakhstan

“…Furthermore, the ARDL method revealed that oil and natural gas production affects people's health expenditures in the short term, but not in the long term. Smagulova et al (2023) used econometric modeling to determine the impact of electricity generation and digital farms on agricultural production in Kazakhstan and to identify patterns. They found that the digitalization of the energy and agro-industrial sectors contributes to economic growth and recommended encouraging the construction of new environment-friendly energy facilities and adopting measures to increase alternative energy investments.…”

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The Vector Auto Regression Analysis of the Link between Renewable Energy Consumption and Economic Development for Turkey and Kazakhstan

“…Several studies have shown a favorable correlation between economic growth and overall energy demand (Wang et al, 2018;Muhammad, 2019;Mohsin et al, 2021). The more general correlation between economic growth and the development of renewable energy has gotten less attention, and to yet, no empirical study on this relationship has been done in the set of Turkey and Kazakhstan (Smagulova et al, 2015;Moldabekova et al, 2022). This study aims to explore the relationship between the use of renewable energy and economic development in the case study countries using a novel technique compared to another research.…”

The Research Agenda on Smart Grids: Foresights for Social Acceptance

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