The impact of entrepreneurship on the socio‐economic development of regions

Abstract

The relevance of the present article is explained by the need for a detailed study of the influence of medium and small business representatives on the economic indicators of the Republic of Kazakhstan. In this regard, this study is aimed at identifying or covering the development of entrepreneurship theory and establishing methodological approaches that allow assessing the impact of entrepreneurship on the socioeconomic development of regions. The leading method for the researched subject is a systems analysis, which allows comprehensively considering the regional economy as a complex multi-component structure, performing in unstable global conditions. In addition, the following methods were used: logical analysis, comparative, economic, synthesis and deduction, classification, and mathematical statistics. The research results are presented in the format of figures and tables showing the contribution and influence of small and medium businesses on the economy of the Republic of Kazakhstan; in the course of the study, the authors covered the components that influence the successful development of the entrepreneurship macro-environment; identified the factors that influence the socio-economic development of the region.The study materials are of practical value for economists, teachers, and students in the field of economics, representatives of small and medium businesses.

The purpose of the company beyond its position in the market: The new agent of social development

“…This frame of reference is evidenced in examples such as the search for a circular supply chain (Härri et al, 2023), innovation towards a sustainable industry (Narkhede et al, 2023), the application of this modality in companies with different size (small, medium and large) (Madrid-Guijarro & Duréndez, 2023), and the reformulation of types of company according to their integration to these objectives (Riso et al, 2023). Said transversality is also evidenced in CSR actions, which are visible in the regulation of environmental impact (Panda & Kanti, 2023;Wulansari & Adhariani, 2023), the attention in favor of the surrounding community (Patil & Vhavale, 2022), the influence of companies in the economic development of their regions (Zhakupov et al, 2022), and the participation of the government itself to promote better practices (Hossain et al, 2023). All these proposals arise in a global scenario in which companies with profit-oriented purposes are questioned, and others are raised in which participation oriented towards society and the environment is promoted.…”

Institutions and macroeconomic indicators: entrepreneurial activities across the world

“…However, some studies have concluded that importing digitally offered services positively impacts women's entrepreneurship in European countries (Gaweł and Mi nska-Struzik, 2023). For instance, Zhakupov et al (2023) discussed the components that influence the successful development of the entrepreneurial environment in Kazakhstan. The authors concluded that SMEs focus on importing goods into the country for resale rather than producing them, and they suggested encouraging young entrepreneurs and startups.…”

“…However, some studies have concluded that importing digitally offered services positively impacts women's entrepreneurship in European countries (Gaweł and Mińska-Struzik, 2023). For instance, Zhakupov et al. (2023) discussed the components that influence the successful development of the entrepreneurial environment in Kazakhstan.…”

“…Specifically, total exports can bolster a country's export-driven economic growth and stimulate new entrepreneurial initiatives (Donbesuur et al, 2023;Mansion and Bausch, 2020). Conversely, total imports can support and potentially hinder entrepreneurial activities by fostering an Institutions and entrepreneurial activities import-dependent economic model that dampens entrepreneurial spirit (Zhakupov et al, 2023). Additionally, prior studies have identified factors such as the current account balance (Liargovas et al, 2022), consumer price index, gross national savings, domestic investment expenditures (Ribaj and Mexhuani, 2021) and population (Millan et al, 2014) as exerting influence on entrepreneurial activities.…”

“…Specifically, total exports can bolster a country's export-driven economic growth and stimulate new entrepreneurial initiatives (Donbesuur et al ., 2023; Mansion and Bausch, 2020). Conversely, total imports can support and potentially hinder entrepreneurial activities by fostering an import-dependent economic model that dampens entrepreneurial spirit (Zhakupov et al. , 2023).…”