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Impact of R&D expenditures on the country's innovative potential: a case study

Author

Listed:
  • Ardak Nurpeisova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Galiya Mauina

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Shakizada Niyazbekova

    (Moscow Witte University, Russian Federation)

  • Ainur Jumagaliyeva

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Aigul Zholmukhanova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Yuliya Gabdrashitovna Tyurina

    (Financial University under the Government of the Russian Federation, Russian Federation)

  • Svetlana Murtuzalieva

    (Peoples’ Friendship University of Russia, Russian Federation)

  • Svetlana Murtuzalieva

    (Plekhanov Russian University of Economics, Russian Federation)

  • Leila A. Maisigova

    (Ingush State University, Russian Federation)

Abstract

Kazakhstan has all the prerequisites for the formation of innovative potential. However, to ensure the innovative economic development of Kazakhstan, it is necessary to create favorable conditions that promote the commercialization of innovations. Otherwise, all expenditures that are currently primarily of a state nature will not have the required economic indicators. The modern theory of sustainable economic growth is based on the concept of innovation. That is why the main indicators of overall economic development depend on innovative development. The article studies the variability of a data group formed from indicators of innovative development of the economy of Kazakhstan, using one of the methods of reducing dimension as a correlation analysis. The data of 2000–2018 are analyzed, that is, for 19 years. Discusses the correlation analysis of indicators characterizing the amount of research and development costs and gross domestic product. The obtained correlation coefficients demonstrate a strong linear relationship between the selected indicators. The statistical analysis showed: patterns of change in the GDP of the economy internal R&D costs are almost identical, correlation-regression model of the impact of GDP on domestic R&D expenditures. That is, the number of innovatively active enterprises and internal R&D costs are interdependent variables with a close correlation. High correlation coefficients between the registration of patent applications and the grant of patents in Kazakhstan and the number of employees performing R&D. A strong but negative relationship between the number of organizations performing research and development and the rest, perhaps some organizations exist only nominally and their economic activity is minimal.

Suggested Citation

  • Ardak Nurpeisova & Galiya Mauina & Shakizada Niyazbekova & Ainur Jumagaliyeva & Aigul Zholmukhanova & Yuliya Gabdrashitovna Tyurina & Svetlana Murtuzalieva & Svetlana Murtuzalieva & Leila A. Maisigova, 2020. "Impact of R&D expenditures on the country's innovative potential: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 682-697, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:682-697
    DOI: 10.9770/jesi.2020.8.2(41)
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    References listed on IDEAS

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    Cited by:

    1. Shakizada Niyazbekova & Zeinegul Yessymkhanova & Seyit Kerimkhulle & Natalya Brovkina & Nataliya Annenskaya & Alexander Semenov & Diana Burkaltseva & Ardak Nurpeisova & Leila Maisigova & Vasiliy Varzi, 2022. "Assessment of Regional and Sectoral Parameters of Energy Supply in the Context of Effective Implementation of Kazakhstan’s Energy Policy," Energies, MDPI, vol. 15(5), pages 1-14, February.

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    More about this item

    Keywords

    impact; correlation; relationship; GDP dynamics; economic growth; innovation;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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