Relationship between Innovation and Economic Growth in the Example of the Republic of Kazakhstan

Abstract

This article examines the relationship between innovation, education and economic growth in the Republic of Kazakhstan. Many empirical studies have proved a positive relationship between innovation and economic growth, that innovation has become a major component of global economic growth. Despite the acceleration of economic growth in various countries, including Kazakhstan, the relationship between economic growth and innovation in the country remains unclear. This study examined the impact of three factors: R&D, academic staff and innovation spending on economic growth in the Republic of Kazakhstan. The identified groups of indicators of economic development consist of sub-indicators. A regression analysis was done based on statistical data from 2009 to 2021. SPSS software was used for data processing. Three pairs of hypotheses were developed. The results of the first and third groups of hypotheses are similar only in those indicators that represent the total number of participants in innovative development, whose influence on economic development becomes strong. Thus, we can conclude that there is a strong relationship between GDP and indicators of educational and innovation factors. There is a relationship between the indicators of the academic staff in R&D and all enterprises that are involved in the process of development and implementation of innovations in Kazakhstan. The proposed hypotheses were accepted. Government agencies can use the results of this study in the development of innovation policy in the country.

Peran inovasi dalam pembangunan ekonomi dan pendidikan menuju visi Indonesia Maju 2045

“…Selain itu, studi oleh Zinchenko et al (2023) mempelajari penilaian potensi inovasi teritorial yang selaras dengan kepentingan ekonomi nasional, yang menawarkan kerangka kerja komprehensif untuk mengevaluasi kapasitas inovasi untuk mendukung tujuan ekonomi secara efektif. Selain itu, hubungan antara inovasi dan pertumbuhan ekonomi tidak terbatas pada wilayah tertentu, sebagaimana dibuktikan oleh penelitian Altynbekov et al (2023), yang menunjukkan adanya hubungan positif antara inovasi dan kemajuan ekonomi di Republik Kazakhstan. Hal ini menyoroti sifat universal inovasi sebagai katalisator kemakmuran ekonomi, yang melampaui batas-batas geografis.…”